Down Payment Assistance Programs

Want to get into a new home, but saving enough for a down payment has become a sticking point? You will be glad to know that Arizona Central Credit Union may be able to help!  We have several down payment assistance options that may be a good fit for your particular situation and get you into your dream home now!  Read below for more details about our various programs, or contact us by calling (602) 264-6421 ext. 8189 or toll free at (866) 264-6421 ext. 8189 to speak to one of our mortgage experts.  And, for a limited time, we are also offering a FREE home appraisal!1

PLUS, for a limited time you will also get a
chance to win a $2,500 shopping spree! 


Apply Now

The WISH Down Payment Program

The WISH first-time homebuyer program offers eligible low and moderate-income households 3-to-1 matching grants of up to $15,0002 for the purchase of a home.  This money may be to the down payment or closing costs. WISH grants, which complement or supplement a variety of local, state, and federal homeownership programs, are targeting working families and individuals who are ready to make the transition from renting to owning. This program is being offered throughout Arizona and is not constrained to any one county. Qualification is based on income and down payment contribution.

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The Pledged Down Payment Mortgage

Down payments can be a sticking point when making the decision to purchase a home. Arizona Central’s Pledged Down Payment Mortgage may be the right option for you if you just don’t have the extra cash or a friend or family member has offered to help out by letting you “borrow” your down payment from them.  A 10% down payment is required for this mortgage type, but can be pledged by a friend or family member.  Learn more about how this mortgage might be the right mortgage for you.


Learn More

Contact Arizona Central Credit Union by calling one of our mortgage experts (602) 264-6421 ext. 8189 or toll free at (866) 264-6421 ext. 8189 to learn more about our down payment assistance programs and many other mortgage products that we offer.  We will help you find the perfect mortgage for you and you unique financial needs!

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1Apply by December 31, 2018, and fund with Arizona Central Credit Union by February 28, 2019 to qualify for a free appraisal up to $475.00. Appraisal fee may be higher depending on property types. This offer applies to first mortgage purchase and refinance transactions only. This offer is not applicable for home equity transactions. This offer can be revoked at any time. This offer cannot be combined with any other offers, including but not limited to Central Points™. Appraisal fee will be paid by member at time of appraisal and will be reimbursed at the time of loan funding with Arizona Central Credit Union.

2Provides income qualified first time homebuyers a grant based on a 3 to 1 match up to $15,000. (For every $1000 in down payment (including gift funds) receive up to $3,000 in a matching grant). A lien will be placed on the home for the total amount of the down payment assistance grant. It has to be paid back if the property is sold or refinanced. The amount to be paid back and the terms of the grant vary based on the program. Most require no payments or interest on the grant while you own the home.

Some restrictions apply. No purchase necessary. Members must apply for a first mortgage loan on or before March 31, 2018 and fund with Arizona Central Credit Union by May 31, 2018 to be entered into the drawing for the shopping spree grand prize. Fund by May 31, 2018 with Arizona Central Credit Union to qualify for a free appraisal up to $475. Random drawing will take place on or about June 8, 2018. See Official Rules for more details.