Phoenix program gives mortgage down payment help to teachers, paramedics, police and firefighters

home-in-five-advantageBy Madelaine Braggs and Alejandro Barahona | Phoenix Business Journal

Phoenix Mayor Greg Stanton unveiled a program yesterday offering mortgage down payment help to local school teachers, paramedics, firefighters and police officers.

The program is an expansion of the Home in Five Advantage program created in 2012 by the Phoenix and Maricopa County industrial development authorities to help low- and middle-income buyers purchase homes.

The program offers down payment and closing-cost assistance to borrowers, military personnel and now teachers and a host of first responders.

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