Joint IDA Effort Offers Grants for VA Loans

The Tucson and Pima County Industrial Development Authorities (IDAs) are offering funding assistance to area veterans to cover costs associated with buying a home through non-repayable VA Loan Assistance Grants.

The new grants are part of the Pima Tucson Homebuyer’s Solution Program (PTHS). There are no restrictions on the grants, and there is no first-time homebuyer requirement to qualify. Once the borrower qualifies for a 30-year fixed-rate VA loan, the grant can be used to pay a portion of closing costs and prepaid expenses.

To qualify for the grant, borrowers need to apply through lenders that participate in the PTHS Program.