Home in Five Advantage Comprehensive Description and Resources

In September 2012, the Phoenix IDA and the Maricopa County IDA launched the Home in Five Advantage - Mortgage Origination Program. The Home in Five Advantage program is designed to help homebuyers obtain a Federal Housing Administration (FHA), US Department of Veterans Affairs (VA), or US Department of Agriculture - Rural Development (USDA-RD) loan to purchase a new or existing home.

The Home in Five Advantage program provides a competitive mortgage loan interest rate with 3 percent assistance for down payment and closing costs. This program is targeted to low- and moderate-income families and individuals throughout Maricopa County and the city of Phoenix.

Since its creation in 2012, the Home in Five Advantage program has assisted more than 16,500 individual in becoming home owners. The program has issued over $3 billion in loans and $125 million in down payment and closing cost assistance.    

For full details, please review this Program Description.

Interested in becoming one of our trained lenders?  Please review this information below:
There is no application for the home buyer to complete on this website.  Simply contact any of the participating lenders listed in the Program Description and connect with a trained loan officer.  

For more information, please contact Murray Boess at (602) 534-0180 or mboess@phoenixida.com.

*The Home in Five Advantage program is not bond financing.