Make homeownership a reality.
OneAZ down payment assistance makes homeownership possible for all Arizona homebuyers.
Down Payment Assistance at OneAZ
Let OneAZ help you unlock the door to homeownership. Eligible first-time homebuyers can qualify for down payment assistance through the Middle-Income Down Payment Assistance (MDPA) Grant Program.
Get up to $50,0001 toward your first home!
First-time homebuyers may be eligible for up to $50,000 in down payment assistance through the MDPA Grant Program. If you meet eligibility requirements and provide a minimum of $10,000 towards the down payment for the purchase of a home, you can receive up to $50,000 in funds.
Apply today – funds are limited!
Contact a Loan officer Call 855.505.4663
To be eligible for MDPA Grant Program funding assistance, homebuyers must:
- Have successfully completed a homebuyer counseling program.
- Be a first-time homebuyer, as defined by Federal Home Loan Bank (FHLBank) in its AHP Implementation Plan.
- Meet income eligibility guidelines, as published by the FHLBank at the time of enrollment; income eligibility requirements will at minimum require the homebuyer household to have earnings between 80.01% and 140% of the HUD defined Area Median Income (AMI) based on purchase property address and adjusted for household size.
- Make a minimum contribution of $10,000, which may come from savings or gifted funds
- Escrow must be opened with a closing scheduled within 30 days prior to OneAZ requesting funds.
- Other requirements and conditions may apply.
Contact a Mortgage Loan Officer to Apply or learn more about these down payment assistance programs.
Other Affordable Home Loan Programs Available for Homebuyers
These affordable housing options are available on 7-year ARM, 10-year ARM and 30-year fixed-rate mortgages at OneAZ.
Why Choose OneAZ for Your Home Loan?
- 0.25% Discount Enjoy a discount on your home loan interest rate just for banking with us4
- Guaranteed On-time Closing Our loans close in 24 days or we’ll give you $2,5005
- Low Fees at Closing OneAZ has some of the lowest fees in Arizona
- Local Expertise Our mortgage team knows the local market and will keep you informed on the progress of your loan application
- 24/7 Live Loan Application Support Apply for your loan by phone or online anytime, day or night, weekday or weekend
1The applicant must be a first-time homebuyer (no ownership in a primary residence during the 3 year period ending on the date of purchase of the property), who has successfully completed an approved Homebuyer Counseling Program; funds are limited and must meet eligibility guidelines predetermined by program including homebuyer household to have earnings between 80.01% and 140% of HUD defined AMI (based on purchase property address) and adjusted for household size at time of enrollment in MDPA Program. Valid only for primary residence in Arizona; Must make a minimum contribution of $10,000 from savings or gifted funds; Escrow must be opened on home purchase with closing scheduled within 30 days prior to OneAZ requesting program funds.
For 2025, $10 Million in MDPA Grant Funds are available and will be disbursed to financial institution members on a reimbursement basis. Once the program opens, member banks and credit unions may reserve funds and submit disbursement requests for households earning just over 80% up to 140% of AMI on a first-come, first-served basis until the $10 million program allocation is exhausted. OneAZ Credit Union cannot guarantee the availability of MDPA Program Grant Funds. Other terms and conditions apply.
All loans are subject to credit approval and program eligibility. Click here for the Nationwide Mortgage Licensing System Associate List.
2 0% Down Payment is for purchase transactions only. Minimum FICO score and Maximum debt to income (DTI) ratios are applicable; strong financial profile and excellent credit are required on this program. Additional terms and conditions may be applicable, not all individuals will qualify. Inquire about other alternative financing options.
3 1% Down Payment is for purchase transactions only. Minimum FICO score and Maximum Debt to Income (DTI) ratios are applicable. Must meet all applicable ARCH AMGC AHP EqualAccess Homeownership Program Requirements regarding maximum income, Homeownership Restrictions and extra Homeownership Education. Additional terms and conditions may be applicable. Not all individuals will qualify.
4 Conditions apply. Rates and terms subject to change at any time. Interest Rate Discount is available on purchase and refinance loans. To qualify for the 0.25% Interest Rate Discount, you will need to agree to the following: Establish OneAZ Membership, open a OneAZ Checking Account, set up monthly payroll Direct Deposit of $1,000 or more to the OneAZ Checking Account and set up monthly Auto Pay for the new loan. The offer does not apply to FHA, VA or USDA mortgages.
5 24-Day Close Guarantee-Conditions apply. Terms and Conditions must be signed and acknowledged by both parties. For full details, refer to the Mortgage Closing Agreement.
