HOME in 5 Down Payment & Cost Assistance

HOME in 5 Overview

Home Plus Zero Down Payment Conventional

HOME in 5 Down Payment Assistance Program

The Arizona HOME in 5 home loan is an outstanding down payment assistance program.  HOME in 5 can be used in Maricopa County.  HOME in 5 gives grant funds to eligible borrowers that do not have to be paid back.

Benefits of the HOME in 5 Program

HOME in 5 provides eligible buyers with a financial grant.  The amount of the grant is based on the borrowers loan amount and depends on the scenario.  Grant funds may be used for down payment and/or closing costs.  Grant funds DO NOT need to be paid back.

Basic HOME in 5 Requirements

Loan Types Allowed: Conventional, FHA, VA and USDA (County Specific)
Maximum Purchase Price: $300,000
Location: Home must be located in any Arizona County except Pima County
Property Type: New or existing single family, condo & town-home
Credit Score Required: Contact us for more info
Debt to Income: Contact us for more info
Income Limits: $88,340 gross per year maximum
First Time Buyer Requirement: No
Occupancy: Home must be a primary residence
US Residential Status: Permanent or non-permanent allowed
Home Inspection: A home inspection invoice is required
Home buyer Education: Yes (see below for more information)

Click here to apply now

HOME in 5 Buyer Education Requirements

A homebuyer utilizing the HOME in 5 mortgage program is required to complete a homebuyer education course prior to closing their new home loan.  They may choose from any of the current HUD approved housing courses to meet HOME Plus Home buyer Education requirements.

Click here for a list of approved courses

Online Buyer Education Resources for HOME in 5

NHS of Phoenix: Sandra Acosta 602.258.1659/sacosta@nhsphoenix.org

Genesis Housing Services: 480-306-5161/help@genesis.org

Additoinal HOME in 5 Information

    • The appraisal must indicate that the home has AT LEAST a 30 year remaining useful life
    • Not allowed to be used in conjunction with a construction to perm loan
    • No cash back to borrower
    • No minimum loan amount (follow lender’s minimum loan amount guidelines)
    • No prepayment penalties
    • No recapture tax
    • Not to be used with a refinance
    • No reserve requirements (follow lender’s reserve requirements)
    • Availability of funds is subject to change without prior notice
    • See lender for specific HOME in 5 charges/closing costs

The HOUSE Team is excited to offer the HOME in 5 mortgage option for Arizona buyers.  The program is simple, quick and a borrower can close within 30 days or less using this program.  Call us today to find out if this program can help you.

Other Down Payment Assistance Programs


Team Phone:  602.435.2149
Team Email:  Team@JeremyHouse.com

By Jeremy House