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Home in Five Platinum: Program Details to Verify
A dated, verified look at the Home in Five Platinum down payment assistance program in Maricopa County: who administers it, how the assistance is structured, current eligibility, and exactly what you should confirm with the official sources before you plan around it.
By Andrew Texidor Realtor · Founder, Clearly Sold Updated October 8, 2026 
The direct answer
Home in Five Platinum is a down payment assistance program for low- and moderate-income homebuyers in Maricopa County, administered jointly by the Maricopa County Industrial Development Authority and the Phoenix Industrial Development Authority, with the official program site at homein5advantage.com. As of the official program sources on October 8, 2026, Platinum is currently offered: up to 4% of the loan amount as a 0% interest, forgivable second mortgage, paired with a 30-year fixed-rate first mortgage. Funding is allocated, eligibility is defined by current income, price, credit, and education rules, and the exact forgiveness period must be confirmed with the administering IDAs and a participating lender.
Key takeaways
- Home in Five Platinum is a real Maricopa County down payment assistance program, administered jointly by the Maricopa County Industrial Development Authority and the Phoenix Industrial Development Authority, with the official program site at homein5advantage.com.
- As of the official program sources on October 8, 2026, Platinum is currently offered, providing up to 4% of the loan amount as a 0% interest, forgivable second mortgage for down payment and closing costs, paired with a 30-year fixed-rate first mortgage.
- Eligibility is defined by current program rules: income and purchase price limits, first-time buyer status with exceptions, credit and debt-to-income requirements, a homebuyer education course, and primary residence occupancy.
- Funding is allocated and can be paused: the official lender resources page shows Targeted Area reservations being accepted while the non-Targeted Area allocation is fully used and paused, so current availability must be confirmed before planning around it.
- The exact forgiveness period and repayment terms for Platinum should be confirmed with the administering IDAs and a participating lender; nothing here is a promise of approval or free money.
Who administers Home in Five Platinum, and where is the official source?
Home in Five Platinum is administered jointly by the Industrial Development Authority of Maricopa County and the Industrial Development Authority of the City of Phoenix. The official program site is homein5advantage.com, and the administering authorities publish program flyers, lender resources, and funding status there. The Maricopa County IDA's homebuyer assistance page and the Phoenix IDA's Home in Five page are the authoritative secondary anchors.
Older articles and social posts about the program, including figures from earlier program cycles, should not be relied on. The official program site and a participating lender are the only reliable places for current numbers.
How is the Platinum assistance structured?
Per the official program flyer, Platinum provides up to 4% of the loan amount as a 0% interest second mortgage used for down payment and closing costs, paired with a 30-year fixed-rate first mortgage. The program works with FHA and VA first mortgages, and it was added in late 2023 alongside the Home in Five Advantage program.
The second mortgage is structured as forgivable with no monthly payments, and if the home is sold before the forgiveness term ends, a pro-rata portion must be repaid. The exact forgiveness period for Platinum is a detail to confirm with the administering IDAs, because it is the number that determines what you owe if you move before it expires.
What are the current eligibility requirements?
The official program flyer lists the following requirements, which are current as of the October 8, 2026 verification and change over time:
- First-time homebuyer status, with exceptions defined by the current program rules
- The home must be in Maricopa County, excluding Paradise Valley, and must be a new purchase
- Income limits: $96,072 for 1 to 2 person households in non-Targeted Areas and $112,200 in Targeted Areas; $110,483 for 3+ person households in non-Targeted Areas and $130,900 in Targeted Areas
- Purchase price limits: $540,422 for a 1-unit home in non-Targeted Areas and $660,515 in Targeted Areas
- Minimum credit score of 640 and maximum debt-to-income ratio of 50%, or an automated underwriting approval
- Completion of an approved homebuyer education course and occupancy of the home as primary residence within 60 days of closing
What is the current funding status?
Assistance programs are funded in allocations, and allocations run out. Per the official lender resources page on the program site, reservations are currently being accepted for Targeted Areas, with roughly $8 million remaining, while the $5 million non-Targeted Area allocation is fully used and paused. That status is a snapshot from the October 8, 2026 verification, and it can change at any time. The practical implication: availability is confirmed at the moment a lender submits a reservation, not by reading an article.
What should you verify before planning around Platinum?
- Current funding availability with a participating lender, in writing
- The exact forgiveness period and repayment terms with the administering IDAs
- Current income and purchase price limits against the latest official flyer
- Whether the first mortgage programs you are considering pair with Platinum
- The approved homebuyer education course and its completion timeline
Frequently asked questions
Is Home in Five Platinum currently offered?
Yes, as of the official program sources on October 8, 2026. The program site homein5advantage.com and the lender resources page show Platinum reservations being accepted for Targeted Areas, while the non-Targeted Area allocation is fully used and paused. Program funding, limits, and terms change, so confirm current availability with the administering IDAs and a participating lender before any decision depends on it.
How much assistance does Platinum provide?
Per the official program flyer, Platinum provides up to 4% of the loan amount as a 0% interest second mortgage for down payment and closing costs, paired with a 30-year fixed-rate first mortgage that works with FHA and VA loans. The assistance is structured as forgivable, with the exact forgiveness period to confirm with the administering IDAs.
What are the income and purchase price limits?
Per the official program flyer, income limits are $96,072 for 1 to 2 person households in non-Targeted Areas and $112,200 in Targeted Areas, and $110,483 for 3+ person households in non-Targeted Areas and $130,900 in Targeted Areas. Purchase price limits are $540,422 for a 1-unit home in non-Targeted Areas and $660,515 in Targeted Areas. These figures change and must be confirmed against the current official program materials.
Is the assistance free money?
No. It is a 0% interest second mortgage that is structured to be forgiven over time, with a pro-rata repayment obligation if the home is sold before the forgiveness term ends. It is not free money and it is not a promise of approval. The exact forgiveness and repayment terms must be confirmed with the administering IDAs and documented in writing before you close.
Related resources
- Arizona first-time homebuyer programs A current-source guide to Arizona's state-run assistance programs, with official agencies as the authority.
- Grant and assistance programs An educational guide to how homebuyer assistance programs work in general.
- Home buying process The step-by-step process of buying a home in Arizona.
- Payment calculator Estimate the monthly payment across different financing scenarios.
- Assumable mortgages for Arizona buyers How VA and FHA assumptions work, and why lender approval decides the outcome.
- Book a strategy call Talk through your purchase and the programs that could apply with a local agent.
Sources and dates: program details verified October 8, 2026 against the official Home in Five program site (homein5advantage.com), including the Platinum web flyer and the lender resources funding-status page, with the Maricopa County IDA and Phoenix IDA homebuyer assistance pages as secondary anchors. Income limits, purchase price limits, credit and debt requirements, funding availability, and the forgiveness period all change and are set by the current program rules and the administering IDAs. Nothing here is a promise of approval, a loan quote, or free money. Confirm current terms with the administering IDAs and a participating lender before any decision depends on them.
Next step
Want to know which programs could apply to your purchase?
A strategy call covers the programs worth verifying, how the assistance is structured, and what to ask a participating lender. No promises, no pressure, just the real questions in the right order.
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