Arizona Down Payment Assistance
December 8, 2021
How Does Down Payment Assistance Work?
Down Payment Assistance is funded by local governments and non-profits. Most programs will provide the entirety of a down payment for a home purchase. There are multiple programs with different requirements so it’s best to consult with a lender to find the program that best suits your needs.
How Do I Get Approved For Down Payment Assistance?
In order to receive down payment assistance, you must be pre-approved through one of the down payment assistance lenders. The lenders will approve you for the mortgage loan and down payment assistance simultaneously. You then take your pre-approval letter with you to make offers on potential homes. The first step is getting pre-approved.
The Product/Program information contained here is educational only and not a commitment to Lend all Loans have to be reviewed By a licensed underwriter, Rates and available loan programs are subject to change without notice.
Home Pad Lending LLC is a licensed Mortgage Broker. NMLS 1857677. This is not a commitment to lend. All loans subject to credit approval. Guidelines subject to change without prior notice. This information is provided to assist business professionals only and is not an advertisement extended to the consumer as defined by Section 226.2 Regulation Z.-EOE. Equal Housing Lender.
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Contact your loan officer for more information.