Phoenix Expands Mortgage Program to First Responders and Teachers – NMP Skip to main content

Phoenix Expands Mortgage Program to First Responders and Teachers

Oct 30, 2015
Home Construction Pic

The city of Phoenix is expanding a three-year-old mortgage down payment assistance program to help local police officers, firefighters, paramedics and teachers.

The Phoenix Business Journal reports that the Home in Five Advantage program was originally designed by the Phoenix and Maricopa County industrial development authorities to assist low- and middle-income buyers in their homebuying. Previously, only military personnel were cited for a specific occupational eligibility qualifier.

Eligible borrowers need to have annual incomes below $88,000 and must be seeking out homes priced lower than $300,000 in Maricopa County. The program provides a home price grant of four percent to qualifying borrowers, with an additional one percent grant based on the specific occupation eligible borrowers.

“We want to go the extra mile for our first responders and our teachers,” said Phoenix Mayor Greg Stanton.

About the author
Published
Oct 30, 2015
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Jul 02, 2026
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Jun 17, 2026