Take advantage of $15,000 for Down Payment and Closing Costs
The NSP Homeownership Assistance Program provides a $15,000 loan for down payment and closing costs assistance to eligible buyers of foreclosed homes anywhere in the city of Phoenix (while funds last).
Buyers must live in their newly purchased homes as their primary residences; investors are not eligible.
The homebuyer pays back the full amount of the interest-free loan to the city when the home is sold or refinanced.
The Homeownership Assistance Program targets foreclosed single-family homes, townhomes and condominiums (condo conversions are not eligible) that meet U.S. Department of Housing and Urban Development (HUD) Housing Quality Standards.
This program is for down payment and closing costs assistance only and cannot be used to fund home improvements or repairs.
To learn about other Homeownership Program options and eligibility criteria, call 602-262-6602 or by e-mail at nsphome@phoenix.gov.