Phoenix Down Payment Assistance WISH PROGRAM
TURN YOUR $5,500 DOWN PAYMENT INTO $22,000!
Home buyers can earn a 4 to 1 match on money they save towards the purchase of home in the city of Phoenix.
- Homebuyers must attend a HUD approved Homebuyer Education Class
- Caters to low income buyers
- First time homebuyers or buyers who have had no ownership in the last 3 years
- Owner occupied properties
- Fixed terms available
Phoenix Down Payment Assistance Wish Program 5 year Bond Loan
The W.I.S.H. Down Payment Assistance Loan is unique in that it is fully forgiven after a 5 year
period. The amount owed will decrease by 20% for each of the 5 years the borrower retains
homeownership of the home as their primary residence. Funds are available on a 3-to-1
matching format in which the borrower can come in with a maximum of $5,500 in order to
receive the maximum loan amount of $22,000. Funds are available on a first come, first serve basis.
FUND AVAILABILITY: Funds often run out quickly. Sign up below to get on the list for 2021 funds.
Complete the form for full program details and to check rates, terms and eligibility. Property must reside in the city of Phoenix AZ. Subsidy will be a 5 year forgivable lien on the property. 45% max DTI. $450 Administration fee paid to Desert Mission Neighborhood Renewal.