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Home Buying Programs for Teachers

6647 E Mesquite Road, Cave Creek image
6647 E Mesquite Road, Cave Creek $350,000

Build your DREAM HOME on this Fabulous Cave Creek 2+ Acre lot with Mountain Views! This Quiet Neighborhood is Tucked Away from the Main Roads of Cave Creek but has Easy A...

  • 4 Beds
  • 4 Baths
  • 6514073 MLS
  • 4,148 SqFt.
8146 W Encinas Lane, Phoenix image
8146 W Encinas Lane, Phoenix $350,000

Move in ready home in the heart of South Phoenix. This charming 3 bedroom 2 bathroom home has the perfect open concept layout, updated kitchen, and screened in patio. Ton...

  • 3 Beds
  • 2 Baths
  • 6510299 MLS
  • 1,389 SqFt.
22406 W Loma Linda Boulevard, Buckeye image
22406 W Loma Linda Boulevard, Buckeye $350,000

Located in the Sundance Active Adult community. This beautiful (almost new) home features an open floor plan with 2 bedrooms, 2 full bathrooms and a den. Upgrades includ...

  • 2 Beds
  • 2 Baths
  • 6509300 MLS
  • 1,134 SqFt.
29751 W Columbus Avenue, Buckeye image
29751 W Columbus Avenue, Buckeye $350,000

Must see to appreciate... Check out this adorable 3-bed, 2-bath residence with a 2 car garage. The home boasts upgraded light fixtures, an elegant interior with a great ...

  • 3 Beds
  • 2 Baths
  • 6509293 MLS
  • 1,712 SqFt.
2514 N 73rd Drive, Phoenix image
2514 N 73rd Drive, Phoenix $350,000

Welcome to you new home at the Westridge Village Community! This beauty is at has 3 bedrooms 2.5 baths. Newer home, built in 2016, original owner, move in ready in a ga...

  • 3 Beds
  • 2.5 Baths
  • 6506752 MLS
  • 1,675 SqFt.
17640 W Country Club Terrace, Surprise image
17640 W Country Club Terrace, Surprise $350,000

Built in 2020, this charming single-level home in desirable North Copper Canyon is loaded with upgrades and ready for its new owner to fall in love! As you enter, you'll ...

  • 3 Beds
  • 2 Baths
  • 6506640 MLS
  • 1,524 SqFt.
2382 E San Lorenzo Trail, Casa Grande image
2382 E San Lorenzo Trail, Casa Grande $350,000 ▲

Everyday feels like a day at the beach at this meticulously well kept home and the pride of ownership shows! Bright, open floor plan with an expansive central great room ...

  • 3 Beds
  • 2 Baths
  • 6506618 MLS
  • 1,886 SqFt.
1648 E Paul Drive, Casa Grande image
1648 E Paul Drive, Casa Grande $350,000

Stunning 2020 new home build with model home upgrades, including a paver driveway and low-mainteinance yards! Spacious floor plan featuring 4 bedrooms, 2 full bathrooms w...

  • 4 Beds
  • 2 Baths
  • 6504498 MLS
  • 1,727 SqFt.
22125 N 29th Avenue Unit #129, Phoenix image
22125 N 29th Avenue Unit #129, Phoenix $350,000

Move-in Ready home in the Gated Adobe Mountain Community. Clean and updated with convenient location. 2 master ensuite bedrooms with walk in closets & an inside laundry w...

  • 2 Beds
  • 2.5 Baths
  • 6493260 MLS
  • 1,322 SqFt.
1738 W Inca Drive, Coolidge image
1738 W Inca Drive, Coolidge $350,000 ▼

**NEW BUILD, MOVE IN READY NOW!** Welcome home to this gorgeous floorplan that features a large primary suite boasting a private bath and large walk-in closet convenientl...

  • 3 Beds
  • 2 Baths
  • 6476767 MLS
  • 1,861 SqFt.
30247 W Pinchot Avenue, Buckeye image
30247 W Pinchot Avenue, Buckeye $350,000 ▼

This home brings to you 4 bedrooms, 2 bathrooms with an open floor plan. Your beautiful entertainer's kitchen, which is open to your family living area. The perfect home ...

  • 4 Beds
  • 2 Baths
  • 6472574 MLS
  • 1,712 SqFt.
17951 W Deer Creek Road, Goodyear image
17951 W Deer Creek Road, Goodyear $350,000 ▼

MOTIVATED SELLER WITH NEW PRICE! BRING ALL OFFERS! Beautiful home in the Award Winning, Active Adult Community of CantaMia! This 2 bed plus den, 2 bath home features an...

  • 2 Beds
  • 2 Baths
  • 6452309 MLS
  • 1,418 SqFt.
1704 W Hopi Drive, Coolidge image
1704 W Hopi Drive, Coolidge $349,995 ▼

The ranch-style Larimar plan offers a seamless blend of style, comfort and functionality. The heart of this home is its open, airy kitchen, which features a center island...

  • 4 Beds
  • 3 Baths
  • 6507990 MLS
  • 1,873 SqFt.
1583 W Hopi Drive, Coolidge image
1583 W Hopi Drive, Coolidge $349,995

This ranch-style Larimar plan offers a seamless blend of style, comfort and functionality. The heart of this home is its open, airy kitchen, which features a center islan...

  • 3 Beds
  • 2 Baths
  • 6503291 MLS
  • 1,810 SqFt.
651 S Davidson Lane, Casa Grande image
651 S Davidson Lane, Casa Grande $349,995

This is one of the best-selling floor plans in Casa Vista. Large owners suite. Alternative kitchen with white cabinets. Quartz countertops. Wood-look tile in all living a...

  • 3 Beds
  • 2 Baths
  • 6500070 MLS
  • 1,590 SqFt.
1988 N Loretta Place, Casa Grande image
1988 N Loretta Place, Casa Grande $349,995 ▼

Explore this inviting Azure home, ready for quick move-in! Included features: a covered entry; an open great room; an impressive kitchen boasting a center island, a walk-...

  • 3 Beds
  • 2 Baths
  • 6499497 MLS
  • 1,590 SqFt.
735 W Racine Drive, Casa Grande image
735 W Racine Drive, Casa Grande $349,995 ▼

Tile flowing throughout, no carpet, double gate, granite Kitchen countertops and upgraded desert front landscaping.

  • 4 Beds
  • 3 Baths
  • 6497240 MLS
  • 2,040 SqFt.
1773 W Toltec Drive, Coolidge image
1773 W Toltec Drive, Coolidge $349,995 ▼

The ranch-style Larimar plan offers a seamless blend of style, comfort and functionality. The heart of this home is its open, airy kitchen, which features a center island...

  • 4 Beds
  • 3 Baths
  • 6480791 MLS
  • 1,810 SqFt.
1666 W Hopi Drive, Coolidge image
1666 W Hopi Drive, Coolidge $349,995 ▼

.The ranch-style Larimar plan offers a seamless blend of style, comfort and functionality. The heart of this home is its open, airy kitchen, which features a center islan...

  • 3 Beds
  • 3 Baths
  • 6453152 MLS
  • 1,870 SqFt.
1262 E Prickly Pear Street, Casa Grande image
1262 E Prickly Pear Street, Casa Grande $349,995 ▼

HOME UNDER CONSTRUCTION, BUILD TIMES WILL VARY BASED ON LOT AND TIME OF VISIT PLEASE CONFIRM WITH SALES AGENT ALL FACTS AND FIGURES. ALL HOMES ARE STARTED WITH STRUCTURA...

  • 3 Beds
  • 2 Baths
  • 6431572 MLS
  • 1,860 SqFt.
18198 N Cypress Lane, Maricopa image
18198 N Cypress Lane, Maricopa $349,990

This home is available for sale today and should be ready to move in by February/March 2023. This Lavender floor plan is a single story with 4 bedrooms with a den and din...

  • 4 Beds
  • 2 Baths
  • 6511995 MLS
  • 1,915 SqFt.
36602 W San Alvarez Avenue, Maricopa image
36602 W San Alvarez Avenue, Maricopa $349,990 ▼

his stunning home features an 8-ft. entry door and SmartKey(r) front door hardware. Moving inside, the open concept floor plan is great for entertaining with 9-ft. ceilin...

  • 3 Beds
  • 2 Baths
  • 6477555 MLS
  • 1,637 SqFt.
35622 W San Sisto Avenue, Maricopa image
35622 W San Sisto Avenue, Maricopa $349,990 ▼

AN AMAZING HOME! NEW CONSTRUCTION! COME CHECK OUT THIS BEAUTIFUL HOME! 4 BEDROOMS, 2 BATHROOMS, HUGE GREAT ROOM, LARGE KITCHEN ISLAND AND A WALK-IN CLOSET. INCLUDES UPGRA...

  • 4 Beds
  • 2 Baths
  • 6455097 MLS
  • 1,685 SqFt.
2763 N Mulberry Place, Casa Grande image
2763 N Mulberry Place, Casa Grande $349,990 ▼

This stunning, single story home features an 8ft entry door with Kwikset SmartKey hardware. Inside, discover an open floorplan with 9-ft. ceilings and a spacious foyer. T...

  • 3 Beds
  • 2 Baths
  • 6454033 MLS
  • 1,618 SqFt.
2245 W Echo Lane, Phoenix image
2245 W Echo Lane, Phoenix $349,990 ▼

Under Construction move-in February 2023! Amazing 2 bedroom 2 bathroom with large loft, North/South lot backing the playground/greenbelt!!! Plenty of light greets you in...

  • 2 Beds
  • 2.5 Baths
  • 6450294 MLS
  • 1,454 SqFt.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

  • Arizona teachers home buyer program
  • Learn more about the Arizona teachers home buyer program
  • Information now Arizona teachers home buyer program
  • Arizona teachers home buyer program available

Interested in learning if the Arizona teacher's homebuyer program will work for you?  The Teacher Next Door Initiative was designed to boost America’s communities by encouraging teachers to move into and live in low or moderate-income neighborhoods.

The incentive for the Arizona teacher's home buyer program is that HUD homes can be purchased at 50 percent off the list price.  Homebuyers can also reduce their down payment to only $100 if an FHA-home mortgage is implemented.

There are some requirements that need to be followed in order to get involved in the Arizona teacher's home buyer program.  One of the most important is the home must be located within a HUD home-designated revitalization zone.  These properties are HUD previously insured through HUD’s Federal Housing Administration (FHA) and then foreclosed upon.  They are single-family homes, condominiums or townhouses.

If it sounds like this program will not work for you, but you are still interested in homeownership, please complete the form below.  Many times there are properties that will work for you financially. 

 

Some qualifications for the Arizona teachers home buyer program:

  • Currently employed full time in a private school, public school, state, county or federal or municipal educational agency as a state certified teacher or administrator in grades K through 12.
  • Employment is within the district/jurisdiction in which the home being purchased is located.
  • Reside solely in the home for at least three years.

 

The homebuyer must be willing to hold a second mortgage in the Department for an amount equal to the 50 percent discount given on the HUD home.  This second mortgage is at zero interest and will gradually diminish over the three-year term, until it reaches zero.  If a homeowner chooses to leave the home within the first year, ninety percent of the second mortgage will become due.  If moving occurs within the second year, sixty percent is required.  Prior to the completion of the third year, 30 percent will need to be repaid.

 

Initially and throughout the three years of homeownership certification of both employment and sole residency will be certified.  No other homeownership is allowed during this three-year period.

 

For policy questions, you can write to Asset Management and Disposition Division, 451 7th Street SW, Washington, DC 20410 or call 202- 708-1672 (this is not toll free).

 

If this program does not meet your needs, yet you are interested in homeownership, please complete the form below.  I can locate a property that will work for you.

 

 

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