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 Linda Stevens, Realtor®    520-731-3170

                              AZ Licensed Real Estate agent in Tucson,AZ with Tierra Antigua Realty

                              Free Mobile App      http://app.tierraantigua.com/TARLINDASTEVENS

Linda ranks in the top 10% of realtors in Southern Arizona and is a top producer, ranking in the top 500.

Home Buyers Assistance Programs Available

Many people want to own their own home, but are not sure how to start the process and how they will be able to make the down payment on a home....    There are resources to assist someone who wants to become a home owner.   Here are links to two of these programs in Tucson currently available....ebuyer's Solution Progam

Pima County/City of Tucson
2014 Down Payment Assistance Program (DPA) Fact Sheet
I. Homebuyer Eligibility Criteria
a. Homebuyer must meet the following established HUD Area Median Income (AMI) limits of 80%, which are subject to change, for the family
sizes given below (effective 05/01/14):
Family Size Income Limit Family Size Income Limit
1 $31,950.00 5 $49,250.00
2 $36,500.00 6 $52,900.00
3 $41,050.00 7 $56,550.00
4 $45,600.00 8 $60,200.00
b. Homebuyer must agree to occupy property as principal residence during affordability period (5 years).
c. Homebuyer must complete HUD Certified Homebuyer Counseling at one of the participating agencies prior to executing the home purchase
d. Homebuyer must qualify for a mortgage loan that meets established program standards; No adjustable rate mortgages (ARM) are permitted;
mortgage terms must be reviewed and approved by the housing counselor at one of the participating agencies listed.
e. Homebuyers may not have cash assets exceeding $10,000.00.
f. Homebuyer must contribute a minimum of *$1,000.00 of his/her own funds (must be documented and verified) towards the home.
g. Homebuyer must have the equivalent of one month’s mortgage payment in reserves on deposit at bank.
h. Debt to income ratios apply (household income must show ability to support mortgage payment including all additional debt). Homebuyers
housing debt ratio should not exceed *31%; with maximum overall debt ratio not to exceed 45%.
*Any ratio above 31% (35% max) must have compensating factors documented and supported.
II. Property Eligibility Criteria
a. Prior to approval of home purchase contract, properties must be approved by City/County for compliance with federal environmental standards.
b. Homes purchased must be inspected by a program approved home inspector and must meet HUD’s minimum housing quality standards.
*Home inspection may be used towards the Buyer’s Contribution requirement of $1,000.
c. Homes constructed prior to 1978, must be inspected for defective paint and lead conditions.
d. Maximum purchase price for existing homes is $159,600; new constructed homes $195,000.
III. Down Payment Assistance (DPA) Loan Criteria
a. DPA limited to 3.5% of contract sales price or $3,700 (whichever is less).
b. DPA loan terms; no monthly payments required.
c. If home purchased is sold or transferred during first 5 years, DPA principal amount loaned plus 2% simple interest is due.


Tucson Home Buyers Assistance Program 

Mortgage Assistance Credit Program      

If you are interested in purchasing a home and need assistance determining what you can afford or what programs may be available for you please contact me and I will put you in touch with a reliable lender who can assist you with the process.




iMMorgrngle Family Mortgage Credit Certificate Progra


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