Get Free Money When You Buy A House With Home In 5

Home In 5, a down payment assistance program for both first time home buyers and previous home owners alike, may get you as much as 3 to 4 percent in money down and closing costs—and this is money you don’t have to pay back.

Eligibility Requirements:

  • Annual income up to $92,980
  • Minimum FICO credit score of 640
  • Debt-to-income ratio up to 45 percent
  • Occupy the home as principal resident within 60 days of closing
  • Complete homebuyer education course (approximately 8 hours)

Home Requirements:


  • Must be located within Maricopa County
  • Priced under $371,000
  • Must be a new purchase, not a refinance
  • New or existing houses, condominiums or townhomes

It’s definitely nice to not have to pay back the down payment grant, and the program as well offers additional bonuses for K-12 teachers, first responders, U.S. military personnel and veterans.

On the downside, however, the interest rate is almost a whole percent higher than the standard FHA or 30-year-fixed loan.

In any event, it’s definitely an offer to consider.