Page 1 of 2 rev 09/21/2017  

Save Our Home AZ  Program Fact Sheet  

The Save Our Home AZ Program is administered by the Arizona Department of Housing on behalf of the Arizona Home 

Foreclosure Prevention Funding Corporation (AHFPFC).  Funds for the Program come from the U.S. Department of 

Treasury, Housing Finance Agency Innovation Fund for the Hardest-Hit Housing Markets.   The Program provides 

assistance to eligible Arizona homeowners in the form of Principal Reduction Assistance for modification or eligible 

refinances, Unemployment/Underemployment Mortgage Assistance, Reinstatement of delinquent payments, Second Lien 

Elimination, Inclusive of Property Taxes and Homeowner’s Association (HOA) fees.  

The program’s goal is to aid Arizona’s homeowners in avoiding foreclosure by assisting with mortgage affordability (a 

payment that does not exceed 31 percent of gross income) inclusive of property taxes and Homeowner’s Association 

(HOA) fees. Your lender’s agreement to participate may be required, since mortgage assistance is provided directly to 

lenders on the homeowner’s behalf. 

Qualifications  Eligibility for the Save Our Home AZ assistance is based on a variety of factors. 

• Properties that have been used for cash-out are eligible if current mortgage(s) do not exceed 150% of the original 

purchase price. 

• The homeowner must document a 10% or greater reduction of income.*  

• Assistance provided for mortgage(s) that total less than $500,000. 

• The homeowner’s current mortgage payment(s) is greater than 31% of the borrower’s gross, pre tax monthly 

income.*  

• Homeowner may be current on their mortgage provided they are at risk of imminent default.  Otherwise, 

homeowner must be 2 payments past due.*  

• Homeowner must be no less than 30 days from Trustee Sale Date. 

• The household must have gross income (the total income before taxes, health care costs, social security, etc.) of no 

more than 150 percent of the area median income for the County in which the property is located. The table below 

reflects 150 percent of the area median income by Household Size and County.  

*These qualifications apply to those seeking unemployed or underemployed payment assistance. 

Save Our Home AZ - Maximum Household Income Allowed 

County  

Household Size (persons) 

1 2 3 4 5 6 7 8 or more 

Apache  $48,750.00 $55,687.50 $62,625.00 $69,562.50 $75,187.50 $80,718.75 $86,343.75 $91,875.00 

Cochise  $56,625.00 $64,687.50 $72,750.00 $80,812.50 $87,281.25 $93,750.00 $100,218.75 $106,687.50 

Coconino  $63,281.25 $72,281.25 $81,281.25 $90,281.25 $97,593.75 $104,812.50 $112,031.25 $119,250.00 

Gila  $53,437.50 $61,031.25 $68,625.00 $76,218.75 $82,406.25 $88,500.00 $94,593.75 $100,687.50 

Graham  $55,500.00 $63,375.00 $71,343.75 $79,218.75 $85,593.75 $91,968.75 $98,250.00 $104,625.00 

Greenlee  $56,718.75 $64,875.00 $72,937.50 $81,000.00 $87,562.50 $94,031.25 $100,500.00 $106,968.75 

La Paz  $48,750.00 $55,687.50 $62,625.00 $69,562.50 $75,187.50 $80,718.75 $86,343.75 $91,875.00 

Maricopa  $67,218.75 $76,875.00 $86,437.50 $96,000.00 $103,687.50 $111,375.00 $119,062.50 $126,750.00 

Mohave  $48,750.00 $55,687.50 $62,625.00 $69,562.50 $75,187.50 $80,718.75 $86,343.75 $91,875.00 

Navajo  $48,750.00 $55,687.50 $62,625.00 $69,562.50 $75,187.50 $80,718.75 $86,343.75 $91,875.00 

Pima  $61,968.75 $70,875.00 $79,687.50 $88,500.00 $95,625.00 $102,750.00 $109,781.25 $116,906.25 

Pinal  $67,218.75 $76,875.00 $86,437.50 $96,000.00 $103,687.50 $111,375.00 $119,062.50 $126,750.00 

Santa Cruz  $48,750.00 $55,687.50 $62,625.00 $69,562.50 $75,187.50 $80,718.75 $86,343.75 $91,875.00 

Yavapai  $58,875.00 $67,218.75 $75,656.25 $84,000.00 $90,750.00 $97,500.00 $104,250.00 $110,906.25 

Yuma  $52,312.50 $59,812.50 $67,312.50 $74,718.75 $80,718.75 $86,718.75 $92,718.75 $98,718.75 

 This document is not all inclusive of the complete SaveOurHomeAZ program guidelines.  To determine program eligibility, a homeowner must 

complete an assistance application and provide all necessary supporting documents to be reviewed by the Program underwriters.  

Page 2 of 2 rev 09/21/2017  

Save Our Home AZ  Program Fact Sheet  

Eligible Properties • Owner Occupied, Primary Residences, no Second Homes.  

• Single Family Residences, One to Four Unit Dwellings, Condos and Townhomes.  

ADOH Assistance Loan Terms • $100,000 Max Loan/Assistance Amount. 

• All loans are zero percent interest with no monthly payment. 

• 5 and/or 30 year loan term depending on assistance type. 

• Loan is satisfied (forgiven) at the end of the term and upon successful completion of the program. 

 Assistance Types 

 Principal Reduction Assistance: Permanent Mortgage Modification or Recast/Refinance Contribution 

1. Assistance of up to $100,000 (including all other program assistance). 

2. Principal Reduction contribution is provided on approved Recast and other similar eligible refinances. 

3. Principal Reduction Assistance requires servicer / lender participation. 

  Second Mortgage Settlements and Extinguishments 

1. Extinguishment Assistance available up to $60,000. 

 Unemployment/Underemployment (Reinstatement) Mortgage Assistance (UMA) 

1. Assistance up to $100,000 (including all other program assistance). 

2. Maximum amount of monthly UMA assistance of $2,000, to a maximum term of 12 months. Homeowners 

with a current monthly income source (excluding DES unemployment benefits) are required to contribute 

31% of their income toward the first mortgage payment).  

3. Reinstatement assistance may bring the first mortgage current by curing all past due payments including; 

accrued interest, late fees, NSF fees and any legal fees. The maximum number of payments rescued is 12 

when upfront reinstatement is combined with UMA. If reinstated is a standalone program component the 

twelve month cap does not apply. 

4. Reinstatement assistance is available up to $60,000.      

How do I Start? To determine eligibility for the SOHAZ program, log on to our website www.azhousing.gov and complete an on-line 

application. You will be contacted by a counselor within seven days of completing your application. For more 

information or to complete an application by phone, contact the Arizona Foreclosure Help Line at (877) 448-1211.