Down Payment Program – Home in 5

If you have been considering the purchase of a home in in Phoenix but do not have the FHA required down payment, you might be eligible for a Down Payment and Closing Costs Assistance Program, such as the Home in Five Advantage Program in Maricopa County.

Home in Five Advantage Program Details:

Through the Home in Five Advantage program, individuals or families who qualify would be able to obtain a 30-year fixed rate loan, with a non-repayable 4% down payment/closing cost assistance grant, with special incentives for qualified United States military personnel.

Financing for these loans is available on new or existing homes, condominiums, townhouses or manufactured homes on a first-come, first-served basis, only through Participating Lenders.


  • Buyers must have a minimum FICO credit score of 640+.
  • All buyers must attend a homebuyer education course and obtain a certificate of completion, and receive a home inspection.
  • Homebuyers may purchase a home anywhere in Maricopa County, including in the City of Phoenix.
  • Buyers must occupy the home as their principal residence within 60 days of closing.

Income and Purchasing Price Limits for Eligible Borrowers

  • Maximum qualifying income may not exceed $88,340.
  • Maximum purchase price limit of $300,000.

Special Incentives for Qualified United States Military Personnel

  • No income limit for qualified United States military personnel.
  • Down payment/closing cost assistance of an additional 1% for a total of 5%.

Down Payment Assistance

All homebuyers who qualify for down payment assistance will receive 4% of the original loan amount to be used for down payment and closing cost assistance. This assistance is a grant and does not require repayment.

The first step to a successful Phoenix Home Purchase is to get your financing in place with a preferred lender. For more information on this program and to check your eligibility, contact me at (602) 789-4363 or by email at to apply for a Home in Five Advantage mortgage loan and securing down payment assistance.

See how much money you could save in closing costs with this program:

Closing Cost Estimator

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