Pima Tucson Homebuyer’s Solution

Who does the program help?

Borrower(s) income cannot exceed $83,020 for government loans or $88,950 for conventional loans (effective 11/29/17).

What does the program provide?

A 30-year fixed rate mortgage plus down payment and closing cost assistance of 3%, 4%, or 5% of the loan amount.

What does the program require?

Buyer must

  • Live in the property as a primary residence
  • Have a minimum credit score (FICO®) of 660 for FHA, USDA-RD, VA or 640+ for Freddie Mac HFA Advantage® and Fannie Mae HFA Preferred®
  • Apply for the program through a participating lender when applying for a mortgage
  • Debt-to-income ratio (DTI) cannot exceed
    • 45% for government loans and Freddie Mac HFA Advantage®
    • 50% for Fannie Mae HFA Preferred®
  • Complete a Pre-purchase Homebuyer Education Workshop from a HUD approved agency
  • Cannot have received a mortgage loan from the Industrial Development Authorities of the City of Tucson or Pima County in the past three years
  • If buyer a non-permanent resident, agency guidelines apply

The property must

  • Be a new (never previously occupied) or existing one to four unit home, townhouse or condo
  • Cannot be a manufactured or mobile home (can be a modular or prefabricated home)
  • Meet agency inspection requirements

HUD approved agencies

These HUD approved agencies offer Pre-purchase Homebuyer Education Workshops.

CHICANOS POR LA CAUSA Phone: (520) 882-0018
E-mail: tommy.medina@cplc.org
Website: www.cplc.org
2550 E Ft Lowell Rd
Tucson, AZ 85716
English, Spanish
FAMILY HOUSING RESOURCES Phone: (520) 318-0993
E-mail: N/A
Website: http://familyhousingresources.com
1700 E Ft Lowell Rd
Ste 101
Tucson, AZ 85719
English, Spanish
FANNIE MAE HOMEREADY Phone: (855) 659-2267
E-mail: N/A
Website: https://homeready.frameworkhomeownership.org/
Online only English, Spanish
E-mail: N/A
Website: http://www.freddiemac.com/creditsmart/tutorial.html
Online only English
MGIC Phone: (800) 424-6442
E-mail: customer_service@mgic.com
Website: https://homebuyers.mgic.com/
Online only English, Spanish
E-mail: terrygalligan@helptucson.org
Website: http://helptucson.org/
4501 E 5th St
Tucson, AZ 85711
English, Spanish
PIO DECIMO CENTER Phone: (520) 622-2801
E-mail: mzerler@ccs-pio.org
Website: www.ccs-soaz.org
848 S 7th Ave
Tucson, AZ 85701
ASL, English, Other, Spanish
THE PRIMAVERA FOUNDATION, INC. Phone: (520) 882-5383
E-mail: N/A
Website: www.primavera.org
151 W 40th St
Tucson, AZ 85713
English, Spanish

Where does the program funding come from?

Program funding provided by the Industrial Authorities of the City of Tucson and Pima County, which raise funds by issuing revenue bonds in capital markets. Taxpayer funds are not involved.

To learn more

Find participating lenders with locations in Tucson here.
Visit their website: http://www.pimatucsonhome.org/ or call (520) 882-5591, ext. 126.