• Specialty (Non-Traditional) Mortgages: What are the Risks and Advantages? For details and downloadable brochures, see www.realtor.org/HousOpp.nsf/Pages/SpecialtyMortgages?OpenDocument
• Traditional Mortgages: Understanding Your Options. For details, see www.realtor.org/HousOpp.nsf/Pages/TraditionalMortgage?OpenDocument
• Learn About FHA Mortgages. For details about all the recent improvements to FHA Mortgages, see www.realtor.org/HousOpp.nsf/Pages/FHAMortgage?OpenDocument
• Help Your Clients Understand How To Avoid Predatory Lending. For tips and brochures, see: www.realtor.org/HousOpp.nsf/Pages/PredatoryLendingBrochure?OpenDocument

• Reduced interest rates are available for qualifying homebuyers in the Mortgage Revenue Bond (MRB) program, offering fixed rates for 30 years at approximately 1% below market rates.
• A Mortgage Credit Certificate (MCC) program is available providing an income tax credit based on interest paid on a first mortgage.
• Downpayment and closing cost assistance is also available and may be used in conjunction with either the MRB program or MCC program based on the needs of the qualified homebuyer.
• Programs are available in all of Arizona except for Maricopa and Pima counties.
• Community Development Block Grant (CDBG)

HUD is the Federal agency responsible for addressing America's housing needs and improving and developing the nation's communities, and the Administration is proposing $31.3 billion to support HUD's broad, yet focused strategic goals.

HUD PROGRAMS
HUD's updated version of all the programs administered by the Department of Housing and Urban Development. This publication includes information related to FHA, public and Indian housing, CDBG, HOME, Section 8, and Ginnie Mae, just to mention a few.

The Housing Development Section of the City of Phoenix provides staffing assistance to the Phoenix IDA for its housing programs. The Section is responsible for the review and administration of all applications for funding submitted and approved by the PIDA for the various housing programs.

Home In Five Program – Industrial Development Authority of the City of Phoenix and Industrial Development Authority of the County of Maricopa.
Home buyers in Phoenix and Maricopa County have the opportunity to receive a 5 percent down payment assistance grant and 6.15 percent mortgage rate through the Home in Five Bond Program by the Industrial Development Authorities of Phoenix and Maricopa County.

The income requirement for the Home in Five Program is not to exceed $65,158 for families of one or two persons and $72,684 for families of three or more. The maximum home cost under the program is $301,500.

For more details about this program please contact the Phoenix IDA Bond Program Hotline at 602-262-6602 or the Maricopa County IDA Mortgage Loan Line at 602-506-7294. Information is also available at www.phoenix.gov/housing/sfmrbp.html and www.mcida.com/

LISC is a national organization with a community focus. Our program staff are based in every city and many of the rural areas where LISC-supported community development takes shape. In collaboration with CDCs, LISC staff help identify local priorities and challenges, delivering the most appropriate support to meet local needs.

For city, state, and local agencies that assist homebuyers try the following is a list of CDCs and affiliates the Phoenix LISC office works with: www.lisc.org/
 

Housing counseling, forgivable soft second loans for acquisition/rehabilitation, down payment and closing cost assistance.

Assists low/medium income, first time homebuyers with permanent disabilities obtain homeownership by providing down payment, closing costs and renovation assistance. Offers both pre- and post homeownership counseling.

Forgivable soft second loans, down payment and closing cost assistance for new construction and for rehabilitation and resale of existing housing. General boundaries are 7th to 19th Avenues, Van Buren to Buchanan Streets, Phoenix.

Pre-purchase and default housing counseling, forgivable soft second loans, down payment and closing costs assistance for new construction and for rehabilitation and resale of existing housing, new construction in designated neighborhoods; rehabilitation and resale of housing.

Housing counseling, homeownership counseling, forgivable soft second loans, down payment and closing costs assistance, mortgage credit certificate programs in the South Phoenix Village.

Housing counseling, homeownership counseling, forgivable soft second loans, down payment and closing costs assistance, mortgage credit certificate program.

First-Time Homebuyer Programs statewide, Emergency Home Repairs and Rehabilitation Programs in Gilbert, Chandler, Peoria and Glendale, and Property Management of Affordable Rental Housing statewide.

From helping you purchase your first home to assisting local businesses, Desert Mission Neighborhood Renewal (DMNR) revitalizes North Phoenix communities.

Construction, rehabilitation and resale of existing housing. Boundaries are 7th Avenue to 7th Street, Broadway Road to Southern Avenue, Phoenix.

Family Housing Resources provides low interest FHA/VA loans through a Single Family Mortgage Revenue Bond Program. The program includes a forgivable soft second mortgage for up to 5% of the loan amount to be used for down payment and closing cost assistance. Conventional loan programs are also available.

Opportunities with an emphasis on family homeownership through education, counseling, development and housing related services.

Forgivable soft second loans for new construction. Homes available in the Isaac NIA. Boundaries are Palm Lane to Interstate 10, 31st to 35th Avenues, Phoenix.

Housing counseling, down payment and closing cost assistance, forgivable soft second loans for acquisition/rehabilitation. Homes available in the Garfield NIA. Boundaries are Interstate 10 to Van Buren Street, 7th to 16th Streets and in the Eastlake neighborhood, 1200 block of East Monroe Street, Phoenix.

To promote community stability and viability through comprehensive community-based development in Tempe neighborhoods and to enhance the quality of life for Tempe residents.

Homeownership counseling focusing in, but not limited to, Grant Park neighborhood. General boundaries are Central to 19th Avenue, Interstate 17 to Harrison Street, Phoenix.

Forgivable soft second loans, down payment and closing cost assistance for new construction and for rehabilitation and resale of existing housing. Boundaries are 19th to 38th Avenues, Van Buren to Durango Streets, Phoenix.

Construction, rehabilitation and resale of existing housing. Homes available in the Eastlake neighborhood. General boundaries are Monroe to Madison Streets, 12th Street to 16th Place, Phoenix.

Housing counseling, down payment and closing cost assistance for acquisition/rehabilitation. Boundaries are 51st to 67th Avenues, McDowell to Thomas Roads, Phoenix.