Tucson Industrial Development Authority offers homebuyer assistance

Despite the current healthcare crisis, the Pima Tucson Homebuyers Solution Program (PTHS) continues to help local homebuyers achieve their dream of owning a home at this time.

Offered jointly by the Industrial Development Authorities of the City of Tucson and the County of Pima, the PTHS offers a mortgage loan program - including down payment assistance - to qualifying homebuyers.

Under the PTHS Program, loans are still being acquired daily and continue to be available as mortgage loan interest rates are reset every day in response to market conditions.

Every loan in the PTHS Program is an investment in our community. Revenues generated by these Tucson and Pima IDA programs stay in Pima County.

PTHS has been so successful it was recently honored on a national level, winning the 2019 Peak Performer award from US Bank, ranking No. 2 in the U.S. for overall production by Local Issuers and No. 12 for overall production by State and Local Issuers.

During its operation, the PTHS Program has generated mortgage loans of more than $620 million and provided Pima County homebuyers with more than $26 million in down payment and closing cost assistance. It has a broad array of product types, including FHA, USDA – Rural Development, Freddie Mac, and Fannie Mae. Those with VA loans can get a 2.5% grant to help with closing costs.

The PTHS is a successful joint effort of the Tucson and Pima IDAs and is an example of the coordinated efforts to help potential homebuyers in Tucson and Pima County.

For more information on this program, go to PimaTucsonhome.org/homebuyers or email Karen Valdez at kvaldez@bdfc.com.

The Tucson and Pima County IDAs are Pima County’s local nonprofit corporations designated as political subdivisions of the State of Arizona, authorized to, among other things, assist with affordable housing programs.