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This program helps low and moderate income buyers in Maricopa County with up to 6% assistance for down payment and closing costs.
Provides up to 6% assistance toward your down payment, helping to make homeownership more affordable.
Home in Five Advantage welcomes all buyers, not just first-timers, expanding eligibility for more families.
The program offers 30-year fixed-rate mortgages with competitive rates for long-term affordability.
Experience: Leading community lender since 1988
Reliability: We hold over 90% of our loans
Flexibility: We offer a variety of loan options tailored to your specific needs
Coverage: Licensed in all 50 states and the District of Columbia
There are two down payment assistance options offered with the Home In Five Advantage program. The Forgivable Second Loan option is a deferred second loan that is forgiven in full at the maturity of the note as long as at least one borrower remains in the home as their primary residence. The Amortizing Second Loan option is a loan with monthly payments and is not forgiven.
The Home in Five Advantage program allows you to purchase a variety of home types, including:
These properties must be used as your primary residence to qualify for the program.
Yes, you can use the Home in Five Advantage program even if you're not a first-time homebuyer. The program is available to both first-time and repeat homebuyers, as long as you meet the program's eligibility requirements and plan to use the property as your primary residence.
Yes, you can often combine the Home in Five Advantage program with other assistance programs. However, it’s important to check with your loan officer and review the specific guidelines of each program to ensure compatibility and maximize your benefits.