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We can help with down payment and closing costs

WISH Program

Owning your first home is now within reach with the Workforce Initiative Subsidy for Homeownership (WISH) program. The WISH program provides qualified first-time homebuyers 4-to-11 matching funds, up to $30,800 to use toward down payment and closing costs.

WISH program requirements:

  • Must be a first-time homebuyer2
  • Property must be located in Arizona or Texas
  • Must meet annual income eligibility guidelines3
  • Must meet required credit qualifications for a TruWest loan4
  • Complete a homeownership counseling course
  • Open escrow on home purchase prior to March 31, 2025
  • 4-to-1 matching grant; up to $30,800 maximum
  • No payback of grant if homebuyer stays in home for 5 years5

Here’s an example of how the 4-to-1 matching funds work:

  • Amount borrower contributes to down payment: $7,700
  • Amount of money that is matched: $30,800
  • Total amount available for home purchase: $38,500

2024-2025 WISH INCOME LIMITS

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FAQs

Frequently Asked Questions
  • What are the requirements necessary for the WISH Program?
    Answer:

    Please note that completing these requirements does not guarantee program approval (refer to disclosure #1 below).
     

    • Be a first-time homebuyer (refer to disclosure #2 below)
    • Meet income eligibility guidelines (refer to disclosure #3 below)
    • Meet required credit qualifications for a TruWest loan (refer to disclosure #4 below)
    • Complete a free homeownership counseling course
    • Open escrow on home purchase prior to March 31, 2025

    No payback of grant if homebuyer stays in home for 5 years (refer to disclosure #5 below)

  • Can I qualify for a loan with Social Security or investment income?
    Answer:

    You may be able to qualify for a TruWest loan with Social Security or investment income. Click a loan type under “LOANS” at the top of the page to apply, or call 1-855-878-9378.

Next Steps

As easy as 1, 2, 3

How to Apply for the WISH Program

  1. 1

    Application

    Apply by phone at 1(855) 841-9203.
  2. 2

    Processing

    Applications with complete information will be processed and disclosed within 3 business days. A licensed TruWest Mortgage Loan Originator may contact you if additional information is needed.
  3. 3

    Origination

    Once the application process has started, the origination process will begin. Origination times may vary based on transaction, but normally take 30-45 days.
  4. 4

    Closing

    Once the loan has passed underwriting, a TruWest representative will contact you to arrange a closing appointment.

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 $30,800. 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.


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Online Banking will be unavailable on Tuesday, April 23 from 8:00 AM (AZ/MST) through Tuesday, April 23 at 9:30 AM (AZ/MST), as we perform routine maintenance.