Home in Five Advantage recently hit a big milestone by providing down payment and closing cost assistance to 25,000 Arizona residents. Launched in 2012 via a partnership between the Phoenix IDA and the Maricopa IDA, the program helps low- and moderate-income individuals and families purchase a home in Maricopa county.
Qualified homebuyers receive up to 5% assistance for down payment and closing costs, plus a loan with a competitive interest rate. With interest rates coming down, more homebuyers are taking advantage of the Home in Five programs.