QUESTIONS? Call us! 602-429-6789

OPEN DOORS PROGRAM

UP TO $15,000 IN HOME LOAN DOWN PAYMENT ASSISTANCE

The City of Phoenix Open Doors Homeownership down payment assistance program offers up to a maximum of $15,000 towards your down payment and or closing costs in the City of Phoenix jurisdictional area. Income limitations and debt ratio limitations apply. You must be a First-Time Homebuyer for this program.

Open Doors Homeownership PROGRAM DETAILS

City of Phoenix has created this program for individuals or families that need down payment assistance. The grant is a grant is combined with a FHA 30 year fixed rate mortgage. Financing for these loans are available on existing homes, condos (condo conversions not allowed), or townhouses.

Contact a licensed housing specialist now! 602-429-6789

PROGRAM ELIGIBILITY

  • Homebuyers may purchase a home City of Phoenix jurisdiction.
  • Buyers must occupy the home as their principal residence within 60 days of closing.
  • The program may only be used to purchase a home (i.e., no refinancing).

INCOME LIMITS FOR ELIGIBLE BORROWER

Maximum credit qualifying income may not exceed 80% of AMI based on household size.

PURCHASE PRICE LIMIT

Maximum purchase price limit of $180,000.

DOWN PAYMENT ASSISTANCE

  • All homebuyers qualifying for down payment assistance will receive a grant on a as needed basis. Not all candidates will qualify for the full grant amount.
  • THIS ASSISTANCE IS A SECOND MORTGAGE WITH A 0% RATE fully forgivable after 15 years.

OTHER PROGRAMS