WISH Program in AZ & TX
Making your WISH come true.
A down payment assistance program.
1Must qualify. Subject to credit approval, program availability, terms and conditions. Restrictions apply. Limited time and while supplies last. Down payment percentage is calculated as the difference between the lesser of the purchase price or appraised value of the home and loan amount. Grant amount dependent on borrower contribution. Maximum match amount of $29,172. Enrollment in the WISH Program is not a guarantee to the homebuyer of receipt of funds. The grant recipients must sign a Promissory Note, Deed of Trust and Rider to the Deed of Trust and there will be a lien placed against the subject property for the amount of the grant that will remain on the property for five years.
2Must be 18 years of age or older and earning a wage. Property must be located in Arizona or Texas. Restrictions and further qualifications apply. Contact TruWest Credit Union for full first-time homebuyer qualifications.
3Annual income limit is combined household annual income. Annual income is determined at the time of enrollment in the WISH Program, and based on income eligibility guidelines published by Federal Home Loan Bank of San Francisco and is at or below 80% of the HUD area median income.
4Loans subject to program, credit and collateral approval. Must qualify as a TruWest member. Financing solutions not available in AK, HI, LA, SC, VT, and WI. Condominium financing not available in NY and with restrictions in certain areas in FL. Restrictions may apply. Programs, rates, restrictions, terms and conditions are subject to change without notice.
5The amount owed will decrease by 20% for each year the borrower retains homeownership of the property as their primary residence. No payments toward the grant are due as long as the homebuyer resides in the property and abides by the terms of the grant and the loan. After five (5) years, the grant is forgiven and the lien is released from the property. The grant must be paid back if the property is sold or refinanced.