AZ HFA Home Plus 97% Mortgage Option
• Available throughout AZ except for Pima County
• 4% down payment grant and reduced 18% MI coverage
• Purchase only; Primary only; SFR/PUD/Townhome only
• Condos and manufactured not allowed
• 680 score required for all borrowers; max DTI 45%
• Household Income Limit of $88,340
• Max Purchase Price $353,360
• Homebuyer Education required
The HFA Home Plus program is a Zero Down Payment loan option for buyers in Maricopa County with a Conventional Loan (not FHA or VA).
Applies to all borrowers
Max DTI 45%
Government loans - Minimum FICO 640
HFA Preferred loans -
LTVs 95% or lower-Minimum FICO 640
LTVs 95.01-97%- Minimum FICO 680