PimaTucson LIGHTHOUSE
Our Down Payment Assistance programs help you get into a home!
The Pima Industrial Development Authority (Pima IDA) is offering qualifying first-time homebuyers a 30-year fixed mortgage rate of 5.84%, coupled down payment assistance equal to 4% of the home’s sale price. The downpayment assistance is secured by a 5-year fully forgivable lien.
The program is inclusive, extending its benefits to veterans and working families in various lower-income zip codes, with income eligibility limits extending from $101,100 for a single person or couple and up to $141,540 for a 3 person+ household.
Manufactured homes may qualify for the program as well.
For more information please visit https://www.housinginnovationhub.org/program-lighthouse
PROGRAM BENEFITS
low Mortgage Rate
With a lock rate below market rate, you don’t have to worry about rates rising in the future.
down payment assistance
Get 4% of the total mortgage amount as cash up front for your down payment.
fully forgivable
If you stay in your home for more than five years, you don’t have to pay back the assistance.
PROGRAM REQUIREMENTS
- Available to first-time homebuyers
- Active Military, Veterans, and those who purchase in targeted areas do not need to be first-time homebuyers
- Government loans only
- Valid in Tucson & Pima counties only
- Must apply and obtain a mortgage through one of the participating lenders
- *Target Area Income and Purchase Price only apply to specific zip codes found on this map
Income Limits
| Family Size | Non-Target Area | Target Area* |
| 1 to 2 persons | $101,100 | $121,320 |
| 3 or more persons | $116,265 | $141,540 |
Purchase Price Limits
| Property Type | Non-Target Area | Target Area* |
| New or Existing | $544,232 | $665,173 |
Locate a Lender
In order to process your downpayment, loan officers must be trained in the Pima Tucson Homebuyers Solution Program.