Home Plus Home Loan Program

HOME PLUS Home Loan Program – Ricky Khamis, Branch Manager and Approved Lender for HFA Loan Program

The Arizona Housing Finance Authority (AzHFA) operates on behalf of the Arizona Department of Housing to assist creditworthy renters who can afford a mortgage but lack the resources for a down payment.  The AzHFA HOME PLUS Home Loan Program provides an attractive 30-year fixed-rate mortgage with a down payment assistance (DPA) grant equal to 4% of the mortgage amount.

Qualified U.S. Military Personnel may receive an additional 1% for a total of 5% DPA. DPA is a non-repayable grant for down payment and closing costs, is only available in conjunction with a HOME PLUS loan and is funded by AzHFA at the mortgage loan closing.


  • Mortgage for the purchase of an Owner occupied, Primary Residences only.
  • Borrower(s) Income not to exceed $88,340.
  • Purchase Price limit not to exceed $353,360.
  • Each borrower must complete a homebuyer education course before closing.  The homebuyer education requirement may be met by taking a pre-purchase course through an internet-based program developed by mortgage insurance companies, such MGIC or Genworth Financial or through another HUD-approved homebuyer education provider.  For more details see the HOME PLUS Participating Lender document.

  • The homebuyer MUST work through one of AzHFA approved and participating mortgage lenders.  The lender will be your point of contact through the process working with the homebuyer to obtain a program qualifying mortgage and registration for the down payment assistance grant. Please see the document “Home Plus Participating Lenders” for the program approved lenders. 

Conforming – Fannie Mae HFA Preferred  | 30-year fixed rate

  • LTV’s 95.01% – 97% – Minimum 680 FICO
  • LTV’s 95.0% or less – Minimum 640 FICO
  • Conforming Mortgages are avaialble in Maricopa, Pinal, Yavapai, Yuma, Cochise, Coconino, Mohave, LaPaz, Santa Cruz, Gila, Graham, Greenlee, Navajo & Apache County.

FHA, VA or USDA mortgages | 30-year fixed rate

  • Minimum 640 FICO score (660 for manufactured housing)

  • FHA, VA and USDA Mortgages are avaialble in Pinal, Yavapai, Yuma, Cochise, Coconino, Mohave, LaPaz, Santa Cruz, Gila, Graham, Greenlee, Navajo & Apache County.

AzHFA raises funds for our initiatives in the national capital markets and forms partnerships with banking and lending institutions to facilitate our Home Plus Home Loan Program throughout the State.  No taxpayer funds are used for this program.