15K down payment assistance is available for Phoenix area first-time home buyers via a second Neighborhood Stabilization Program (NSP2) awarded by HUD to Chicanos Por La Causa, a statewide community development corporation (CDC) whose goal has been to promote the well being of Arizona’s socially and economically deprived communities.
Other perks of the program include buyers can receive a free home warranty and security system as well as the homes in many cases are already rehabbed and move-in ready as well as energy efficient.
The program is available to every ethnicity and in qualifying areas. There are some eligibility requirements for borrowers that must be met such as an income verification and borrowers must still come up with the required FHA down payment amount of 3.5% of the purchase price.
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Fill out the form below to receive information on how to receive 15K down payment assistance on the purchase of your first Phoenix area home.
