Buyer Assistance Resources

ACORN Housing Corporation
Phone: 602/253-7501

Housing counseling, forgivable soft second loans for acquisition/rehabilitation, down payment and closing cost assistance.

Affordable Accessible Homes
Phone: 928/772-5204

Assists low/medium income, first time homebuyers with permanent disabilities obtain homeownership by providing down payment, closing costs and renovation assistance. Offers both pre- and post homeownership counseling.

Arizona Department of Housing
Phone: 602/771-1000

The Arizona Department of Housing and the Arizona Housing Finance Authority offer programs for assisting first time homebuyers through the Homes for Arizonans Initiative:

• Reduced interest rates are available for qualifying homebuyers in the Mortgage Revenue Bond (MRB) program, offering fixed rates for 30 years at approximately 1% below market rates.
• A Mortgage Credit Certificate (MCC) program is available providing an income tax credit based on interest paid on a first mortgage.
• Downpayment and closing cost assistance is also available and may be used in conjunction with either the MRB program or MCC program based on the needs of the qualified homebuyer.
• Programs are available in all of Arizona except for Maricopa and Pima counties.
   

Capitol Mall Association
Phone: 602/340-0745

Forgivable soft second loans, down payment and closing cost assistance for new construction and for rehabilitation and resale of existing housing. General boundaries are 7th to 19th Avenues, Van Buren to Buchanan Streets, Phoenix.

Chicanos Por La Causa
Phone: 602/253-0838

Pre-purchase and default housing counseling, forgivable soft second loans, down payment and closing costs assistance for new construction and for rehabilitation and resale of existing housing, new construction in designated neighborhoods; rehabilitation and resale of housing.

Community Excellence Project
Phone: 602/243-0680

Construction, rehabilitation, and resale of existing housing. Homes available in the South Phoenix Village NIA. Boundaries are the Salt River to Roeser Road, 24th to 32nd Streets.

Community Housing Resources of Arizona
Phone: 602/631-9780

Housing counseling, homeownership counseling, forgivable soft second loans, down payment and closing costs assistance, mortgage credit certificate program.

Community Services of Arizona
Phone: 480/899-8717

Down payment, closing costs, and principal reduction to qualified low and moderate income, first-time homebuyers.

Espiritu Community Development Corporation
Phone: 602/243-7788

Construction, rehabilitation and resale of existing housing. Boundaries are 7th Avenue to 7th Street, Broadway Road to Southern Avenue, Phoenix.

Family Housing Resources
Phone: 866/FHR-CASA (347-2272)

Family Housing Resources provides low interest FHA/VA loans through a Single Family Mortgage Revenue Bond Program. The program includes a forgivable soft second mortgage for up to 5% of the loan amount to be used for down payment and closing cost assistance. Conventional loan programs are also available.

Fannie Mae
Phone: 602/744-6840

Fannie Mae's American Dream Commitment^® is a $2 trillion pledge to increase homeownership rates and serve 18 million targeted American families.
Update to My Community Mortgage Update

Housing for Mesa
Phone: 480/649-1335

Opportunities with an emphasis on family homeownership through education, counseling, development and housing related services.

Labor's Community Service Agency
Phone: 602/263-5741

Forgivable soft second loans for new construction. Homes available in the Isaac NIA. Boundaries are Palm Lane to Interstate 10, 31st to 35th Avenues, Phoenix.

Neighborhood Housing Services of Phoenix, Inc.
Phone: 602/258-1659

Housing counseling, down payment and closing cost assistance, forgivable soft second loans for acquisition/rehabilitation. Homes available in the Garfield NIA. Boundaries are Interstate 10 to Van Buren Street, 7th to 16th Streets and in the Eastlake neighborhood, 1200 block of East Monroe Street, Phoenix.

New Town
Phone: 480/517-1589

To promote community stability and viability through comprehensive community-based development in Tempe neighborhoods and to enhance the quality of life for Tempe residents.

Phoenix Revitalization Corporation
Phone: 602/253-6895

Homeownership counseling focusing in, but not limited to, Grant Park neighborhood. General boundaries are Central to 19th Avenue, Interstate 17 to Harrison Street, Phoenix.

Safe Haven, Inc.
Phone: 602/256-0730

Forgivable soft second loans, down payment and closing cost assistance for new construction and for rehabilitation and resale of existing housing. Boundaries are 19th to 38th Avenues, Van Buren to Durango Streets, Phoenix.

Stardust Homeownership Fund.

This Fund provides for a 20% down payment to get into a home. To qualify for the program, borrowers must attend financial classes and invest at least $2500 in the home. For details, call Wells Fargo at 623-640-5554 or Neighborhood Housing Services at 602-258-1650

Sunnyslope Village Revitalization
Phone: 602/997-4310

Construction, rehabilitation and resale of existing housing. Homes available in the Sunnyslope area and New North Town NIA. Boundaries are Arizona Canal to Dunlap Avenue, 7th to 12th Streets, Phoenix.

Urban Coalition West
Phone: 602/258-5300

Construction, rehabilitation and resale of existing housing. Homes available in the Eastlake neighborhood. General boundaries are Monroe to Madison Streets, 12th Street to 16th Place, Phoenix.

U.S. Department of Housing and Urban Development (HUD)
Phone: 602/379-7100

HUD is the Federal agency responsible for addressing America's housing needs and improving and developing the nation's communities, and the Administration is proposing $31.3 billion to support HUD's broad, yet focused strategic goals.

HUD Programs
HUD's updated version of all the programs administered by the Department of Housing and Urban Development. This publication includes information related to FHA, public and Indian housing, CDBG, HOME, Section 8, and Ginnie Mae, just to mention a few.

USDA Rural Development
Has several programs for buyers. They recently announced $2 million in affordable housing funds for Arizona.

Valley Community Revitalization Project (CORP)
Phone: 623/247-4764

Housing counseling, down payment and closing cost assistance for acquisition/rehabilitation. Boundaries are 51st to 67th Avenues, McDowell to Thomas Roads, Phoenix.