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Whether you've lost your home in foreclosure, or the rental property you've called home has been taken in foreclosure, or you’re looking to take advantage of declining prices and purchase your first home, the city of Phoenix has many rental and ownership assistance resources.
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- American Dream Down payment Initiative (ADDI) - Full $10,000 deferred, no-interest loan toward down payment and closing cost assistance.
- HOMEStart - Eligible first-time homebuyers can receive up to $40,000 toward the purchase of a home constructed or rehabilitated by city approved not-for-profit profit developers.
- Home in 5 - Bond program delivers attractive 30-year fixed mortgage and 5 percent down payment and closing cost assistance.
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Whether you decide to utilize one of the City’s assistance programs or not, it is highly recommended that all first-time homebuyers take advantage of the pre-purchase counseling offered by local not-for-profit housing counseling agencies.
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If you are looking to take advantage of the current market and interested in purchasing your first home, it is important to be familiar with loan terms and be able to identify possible predatory lending practices.
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Rental Housing Concerns - Landlord/Tenant Counseling
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Predatory Lending and Housing Discrimination Practices
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