The Pathway to Purchase (P2P) Down Payment Assistance program was developed by the Arizona Department of Housing (ADOH) and the Arizona Home Foreclosure Prevention Funding Corporation (AHFPFC). It’s specifically meant for people who have had foreclosures and are looking to purchase homes in certain cities, which are Bull Head City, Casa Grande, Glendale, Green Valley, Kingman, Phoenix, Rio Rico, Sahuarita, Sierra Vista, Tucson, Vail, and Yuma.

Through this program, eligible borrowers are offered a fixed-rate, 30 year mortgage, as well as down payment assistance offered in the form of a second mortgage. This second mortgage, for up to $20,000, has a term of 5 years and a 0% interest rate.

In order to be eligible for P2P Down Payment Assistance, interested applicants must be using the house as their primary residence, must not have an annual income of more than $92,984, and must complete an approved homebuyer education course prior to closing. P2P Down Payment Assistance is only available for Fannie Mae HFA Preferred Mortgages, and the purchase price of the house cannot exceed $371,936.

Income and purchase price limits are valid as of 2020. These limits may change and should be verified by the consumer.

Other programs in Arizona:

• HOME Down Payment Assistance Program
• HOME Plus Program
• Pima Tucson Homebuyer’s Solution Program

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