First Time Home Buyer Programs - Arizona

houseredroof250.jpg

The Arizona Housing Finance Authority assistance for first time and low income prospective home buyers.

The Arizona Housing Finance Authority

The Arizona Housing Finance Authority (AzHFA) offers two bond programs and a mortgage credit certificate to assist prospective home buyers in Arizona.

The AzHFA issues Multi-Family Revenue Bonds for rental projects, low interest Single-Family Mortgage Revenue Bonds for first-time homebuyers’ primary financing, and Mortgage Credit Certificates to help provide additional income for first-time homebuyers through tax credits.

Multi-Family Revenue Bonds

The Arizona Housing Finance Authority has the authority to issue tax-exempt bonds for qualifying multi-family apartments in the thirteen rural counties - all counties except Maricopa and Pima.

Read more about the Multi-Family Revenue Bonds

Single-Family Mortgage Revenue Bonds

The Mortgage Revenue Bond Program provides an attractive 30-year fixed rate mortgage for homebuyers who qualify for eligible FHA, VA, Fannie Mae, and Freddie Mac conventional loans.

Read more about the Single-Family Mortgage Revenue Bonds

Mortgage Credit Certificates

The Mortgage Credit Certificate (MCC) is a tool to provide housing assistance to low and moderate-income families. The MCC operates as a federal income tax credit for an eligible borrower. It reduces the borrower's federal income taxes and, in effect, creates additional income for the borrower to use in making a monthly mortgage payment.

Read more about the Mortgage Credit Certificates

Other Local Arizona Home Loan Resources

Arizona also has several first time home buyer and other home loan programs available through city, county, and other state agencies. Find a local Arizona home buyer program that is right for you on the official Arizona HUD website.

Related Articles

Source: Arizona Housing Finance Authority
Search All Articles
Related Articles
How To Save On Closing Costs
HomecashsmMany are shocked when they learn how much they owe to close on their mortgage. But there are ways to save before you sign on th
What are the FHA Loan Requirements?
FhaThe FHA makes it easy to secure a home loan. The FHA Loan Requirements are described in detail in this article.
Homeowners Insurance
HomeinstTips on how to shop for homeowners insurance and save money-also avice on flood insurance
Asbestos
Asbestosdanger2_thAn information guide on asbestos and asbestos abatement. Also discusses vermiculite and how it relates to asbestos.

More...
Most Popular
National Domestic Violence Awareness Month
IntimatepartnerviolencethumbVictims of violence often suffer in silence, not knowing where to turn, with little or no guidance and support.
Diagnose And Fix A Wet Basement
WetbasementsmLearn how to determine the source of the water and keep it out of your house.
Do you owe taxes on your home sale?
TaxesChances are good that you wont owe any taxes when you sell your primary residence thanks to the 1997 Taxpayer Relief Act
The 2009 Redoubt Volcano Eruption
RedoubtthumbMarch 22, 2009 Redoubt Volcano produced a series of five explosive eruptions that each lasted from four to thirty minutes.

More...

Zip Code Profiler

Neighborhoods, Home Values, Schools, City & State Data, Sex Offender Lists, more.

Instant Home Value!