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Pima Tucson Homebuyer Solution Program (PTHS)

The Industrial Development Authority of the County of Pima and the City of Tucson have joined together to provide a Mortgage Loan Program to qualifying homebuyers purchasing homes in Pima County, including the City of Tucson.

ELIGIBLE AREA

All of Pima County including the City of Tucson

Mortgage Rate

Lenders will be provided a daily mortgage loan rate sheet from which rates may be locked in for up to 70 days. Rates will be reset daily subject to market conditions.

Eligible Loans

FHA, VA, USDA and Conventional (Fannie Mae and Freddie Mac) loans

Assisted Rate Loan with multiple levels of Assistance Grant

Most loans in this program are Assisted Rate Loans, although an unassisted first mortgage loan is also available.

The borrower receives a 30-year, fixed rate, fully amortizing first mortgage loan together with down payment and closing cost assistance in the form of a forgivable second mortgage loan (the “Assistance”) which is available in multiple levels of the funded Mortgage Loan amount. Depending upon the note chosen, the second mortgage loan can be either a three year forgivable loan or a thirty year forgivable loan.  If a VA loan is chosen, the Assistance is in the form of a grant and not a second mortgage loan.  The Assistance may be used to fund up to 100% of the borrower’s cash to close, including the down payment, closing costs, prepaid and other related mortgage loan fees and expenses.  There can be no cash back to the borrower.

Borrower Eligibility

Note: There is no first-time homebuyer requirement or purchase price limits in this program
Qualifying income cannot exceed set limits (per type of loan) for all household sizes

  • Minimum credit score of 640 for all Borrowers; however borrower must meet normal FHA, VA, USDA or Fannie Mae and Freddie Mac underwriting requirements
  • Maximum Debt to Income (DTI) of 45%
  • No minimum investment required from the Borrower’s own resources
  • Primary residence; owner occupied: buyers must occupy the property within 60 days of closing

 *May be used with MCC (other requirements apply); can also be used with City/County HOME sponsored down payment assistance. (Additional requirements apply)

* No recapture tax requirement

Additional Information visit pimatucsonhome.org

Homebuyer Education:

All Borrowers (any primary borrower on the Note/Warranty Deed) must attend a homebuyer education course. The Borrower may choose any HUD approved housing counseling agency and must receive a certificate of completion. The Neighborworks online course “ehomeamerica” is also approved. (Please see list)

Participating Lender List

LENDERS As of March 28, 2025

  • ALTITUDE FINANCIAL CORP DBA ALTITUDE HOME LOANS
  • AMERICAN NATIONWIDE MORTGAGE COMPANY, INC
  • AMERICAN PACIFIC MORTGAGE CORPORATION
  • ANCHOR FUNDING, INC.
  • ARIZONA FINANCIAL CREDIT UNION
  • BAY EQUITY LLC
  • BAY VALLEY MORTGAGE GROUP (DBA PACIFIC BAY LENDING GROUP, VALLEY VIEW           HOME LOANS, QUALAITY BANK MORTGAGE)
  • BELL BANK
  • BOXCAR MORTGAGE LLC
  • CALCON MUTUAL MORTGAGE
  • CARDINAL FINANCIAL COMPANY
  • CASTLE & COOKE MORTGAGE, LLC
  • CHURCHILL MORTGAGE
  • CMG MORTGAGE, INC. DBA CMG FINANCIAL
  • CORNERSTONE CAPITAL BANK, SSB
  • CROSSCOUNTRY MORTGAGE INC.
  • DHI MORTGAGE COMPANY, LTD
  • DAS ACQUISITION COMPANY LLC
  • ENVOY MORTGAGE, LTD
  • EVERETT FINANCIAL, INC., DBA SUPREME LENDING
  • FAIRWAY INDEPENDENT MORTGAGE CORPORATION
  • FIRST STATE BANK OF ST. CHARLES, MO
  • FLAGSTAR BANK, NATIONAL ASSOCIATION
  • GATEWAY FIRST BANK FKA GATEWAY MORTGAGE GROUP, LLC
  • GENEVA FINANCIAL, LLC
  • GOLD STAR MORTGAGE FINANCIAL GROUP
  • GOPRIME MORTGAGE, INC.
  • GUARANTEED RATE AFFINITY; GUARANTEED RATE INC.
  • GUILD MORTGAGE COMPANY LLC
  • HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
  • HOMEOWNERS FINANCIAL GROUP USA, LLC
  • INSTAMORTGAGE, INC
  • INTERLINC MORTGAGE SERVICES, LLC
  • LOANDEPOT.COM, LLC
  • LEADERONE FINANCIAL CORPORATION
  • LENNAR MORTGAGE LLC FKA UNIVERSAL AMERICAN MORTGAGE COMPANY
  • MISSION LOANS, LLC
  • MORIA DEVELOPMENT INC OBA PEOPLES MORTGAGE COMPANY 
  • MOVEMENT MORTGAGE LLC
  • NATIONS LENDING CORPORATION
  • NETWORK FUNDING LP.
  • NEW AMERICAN FUNDING, LLC
  • NEW REZ, LLC
  • NEXA MORTGAGE, LLC
  • NFM, INC., DBA NFM LENDING
  • NOVA FINANCIAL & INVESTMENT CORPORATION
  • ONY GLO, INC. DBA LOANLOCK
  • PARAMOUNT RESIDENTIAL MORTGAGE GROUP, INC.
  • PLANET HOME LENDING, LLC
  • PRIMARY RESIDENTIAL MORTGAGE, INC.
  • PRIMELENDING (A PLAINSCAPITAL COMPANY)
  • PROSPERITY HOME MORTGAGE, LLC
  • PULTE MORTGAGE
  • RIGHT START MORTGAGE, INC.
  • RESIDENTIAL WHOLESALE MORTGAGE, INC.
  • SECURITYNATIONAL MORTGAGE COMPANY
  • STARBOARD FINANCIAL MANAGEMENT, LLC DBA STARBOARD FINANCIAL 
  • SUMMIT FUNDING, INC.
  • SUN WEST MORTGAGE COMPANY, INC.
  • SWBC MORTGAGE CORPORATION
  • T2 FINANCIAL LLC DBA REVOLUTION MORTGAGE
  • VERITAS FUNDING, LLC
  • V.I.P. MORTGAGE, INC.
  • WALLICK AND VOLK, INC.
  • WATERSTONE MORTGAGE CORPORATION