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10% Down payment assistance in Laveen Arizona

Written by Posted On Tuesday, 12 April 2016 23:37

For many home buyers, the biggest hurdle can be the down payment.  It is difficult to come up with it, especially with all the other costs and expenses associated with every day living.  Of course most people currently have a monthly rental fee they have to pay, on top of utilities and other monthly expenses.  While many can put away a little every month, it could take years to save up enough for a down payment on a house.

With a new program being offered in Laveen Arizona, the down payment will not be much of a factor any longer.  There is currently a new loan program which gives 17 cities in Arizona 10% or up to $20,000 down payment assistance to be able to get qualified buyers into a home.  While there are several programs out there which will help people in Maricopa county, this one actually is particular to Laveen Az and 16 other places in Arizona.  The only places one can use the program in the South West Phoenix area are: Laveen, Avondale, and Goodyear.  This is not a complete list, but those for the immediate Phoenix area.


Program Highlights:

For owner occupied homes

Borrower income not to exceed $89,088

$356,352 is the maximum purchase price

Existing homes only, no new built projects

DPA is up to $20,000 max and 10% of purchase price


This is a 5 year forgivable lien against the home at 0% interest.


You can see a list of homes that qualify in the Laveen area at this link below:



To talk to a Laveen Realtor about this program, homes for sale in Laveen please call
David Baker

HomeSmart Realty


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