The Finance Authority's MRB Plus program combines the attractive first mortgage interest rate of the Mortgage Revenue Bond loan (30-year fixed rate) with downpayment and closing cost assistance. MRB Plus offers 5% of the purchase price to be used toward a downpayment or closing costs of the loan. The program is available in all areas of Arizona outside of Maricopa and Pima counties. The homebuyer must not have had an ownership interest in a home in the past three years and the home must become the primary residence of the purchaser. Income limits, purchase price limits, and credit and underwriting limits apply. » To see the finer points of this program, including income and purchase price limits, click here. » To find a participating lender, click here. » To view a list of qualified census tracts in Arizona, click here.
Interested in becoming a participating lender in the MRB Plus program? Contact Carl Kinney, (602) 771-1091, carl.kinney@azhousing.gov.