Arizona Is Home Mortgage Assistance Program Checklist
A step-by-step checklist for consumers applying for the Arizona Is Home Mortgage Assistance Program in 2025.
Verify Your Eligibility
- Ensure that your household income meets the program’s maximum limits based on family size and location.
- Confirm that your credit score meets the minimum program requirement, typically at least 640, though your assigned Loan Officer may outline additional criteria.
- Verify that the property you intend to purchase is within the program’s price cap and will serve as your primary residence.
- Review any additional requirements, such as being a first-time homebuyer or purchasing in a qualified area.
Gather Required Documentation
- Collect proof of income, such as pay stubs, W-2 forms, or documentation of other income sources.
- Prepare copies of your tax returns for the past two years, including all supporting schedules.
- Obtain recent bank statements covering the last two to three months for all financial accounts.
- Gather property details, such as the address, purchase agreement, and sale price.
- Compile any additional documents requested by your Loan Officer, such as verification of debts, liabilities, or proof of assets.
Collaborate with Your Assigned Loan Officer
- A Loan Officer has been assigned to guide you through the Arizona Is Home Mortgage Assistance Program application process.
- Schedule a meeting or call with your Loan Officer to review the program requirements and confirm your eligibility.
- Ask any questions you have about the program, required documents, or the application process.
- Follow your Loan Officer’s guidance to gather and submit all necessary documentation promptly.
Complete the Application Process
- Work closely with your Loan Officer to complete your application for the Arizona Is Home Mortgage Assistance Program.
- Submit all required documents to verify your eligibility for the program’s benefits.
- Review the application with your Loan Officer to ensure all information is accurate and complete before submission.
- If necessary, attend a homebuyer education course to satisfy program requirements.
Finalize Your Enrollment
- Sign all required documents provided by your Loan Officer to finalize your participation in the program.
- Prepare for any additional costs not covered by the program, such as closing costs or prepaid expenses.
- Receive confirmation of your enrollment and detailed information on how the assistance will be applied to your mortgage or related expenses.
Maintain Program Compliance
- Ensure that the purchased property remains your primary residence for the duration required by the program’s guidelines.
- Notify your Loan Officer immediately if you plan to sell, refinance, or make changes to your mortgage, as these actions may impact your program benefits.
- Stay informed about any updates or changes to the program to maintain compliance and continue receiving assistance.