The Home in 5 Program

This program features a 5% grant to be applied toward the borrowers down payment and closing costs. What makes the program more desirable than the others is you are not limited to any specific properties or area codes. Essentially any property in Maricopa County in turn-key condition qualifies. The loan is a first lien and a true grant that does not require repayment.  

Here’s the list of eligibility requirements:

  • Available to only 30-year FHA, VA, and USDA-RD loans
  • Home must be located within Maricopa County
  • Purchase price cannot exceed $300,000
  • Home must be professionally inspected
  • Home must be a primary residence
  • Minimum FICO credit score of 640
  • Maximum debt-to-income ratio (percentage of monthly income that goes toward paying debts) of 45 percent
  • Borrower income cannot exceed $90,000
  • All buyers must attend an eight-hour home buyer education course plus obtain a certificate of completion.
  • A true grant and doesn’t require repayment
  • Maximum insurance deductible of 1% of the policy amount per US Bank.


A caveat is the 2% fee the program charges to each borrower.  Therefore, the 5% is actually 3%.  Since the minimum down payment for an FHA loan is 3.5% the remaining .50% plus closing costs needs to be covered by the seller and/or buyer.  It is a risk-based loan and does come with a higher interest rate than a standard loan. Roughly .50% 

For more information on the Home in Five Advantage Program, call Jeff Thomas at the Lending Company at  602-410-4340 or email him at