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The Arizona Housing Finance Authority assistance for first time and low income prospective home buyers.
The Arizona Housing Finance Authority
The Arizona Housing Finance Authority (AzHFA) offers two bond programs and a mortgage credit certificate to assist prospective home buyers in Arizona.
The AzHFA issues Multi-Family Revenue Bonds for rental projects, low interest Single-Family Mortgage Revenue Bonds for first-time homebuyers’ primary financing, and Mortgage Credit Certificates to help provide additional income for first-time homebuyers through tax credits.
Multi-Family Revenue Bonds
The Arizona Housing Finance Authority has the authority to issue tax-exempt bonds for qualifying multi-family apartments in the thirteen rural counties - all counties except Maricopa and Pima.
Read more about the Multi-Family Revenue Bonds
Single-Family Mortgage Revenue Bonds
The Mortgage Revenue Bond Program provides an attractive 30-year fixed rate mortgage for homebuyers who qualify for eligible FHA, VA, Fannie Mae, and Freddie Mac conventional loans.
Read more about the Single-Family Mortgage Revenue Bonds
Mortgage Credit Certificates
The Mortgage Credit Certificate (MCC) is a tool to provide housing assistance to low and moderate-income families. The MCC operates as a federal income tax credit for an eligible borrower. It reduces the borrower's federal income taxes and, in effect, creates additional income for the borrower to use in making a monthly mortgage payment.
Read more about the Mortgage Credit Certificates
Other Local Arizona Home Loan Resources
Arizona also has several first time home buyer and other home loan programs available through city, county, and other state agencies. Find a local Arizona home buyer program that is right for you on the official Arizona HUD website.
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- Mutual Self-Help Housing Loan Program (Section 502)
