Here are some of the common questions we get, if you have another question that is not covered here, please don't hesitate to drop us an email, try our online chat feature, or give us a call!
"Is the Pima Tucson Homebuyer’s Solution Program affiliated with any housing programs offered by the City of Tucson or the County of Pima?"
The Pima Tucson Homebuyer's Solution Program is independent from the City of Tucson and Pima County, operated and managed by two nonprofit organizations, the Tucson Industrial Development Authority and the Pima County Industrial Development Authority.
Can a borrower utilize HOME funds with a Pima Tucson Home Buyer's Solution mortgage?
Yes, if they qualify, ask an approved lender.
May a borrower use an MCC with a Pima Tucson Home Buyer's Solution mortgage?
Yes, if the borrower qualifies, ask an approved lender. Link to our MCC page or eHousingPlus website to learn more.
Is manual underwriting allowed in the program?
Yes, manual underwriting is permitted and underwriters must follow US Bank and Agency guidelines for the product.
(FHA, VA, RD, etc.)
Are co-signers allowed?
Co-signers are permitted to the extent permitted by an applicable agency (FHA, VA, USDA: RD). Treat co-signer/income as directed by the agency. A co-signer cannot have any ownership interest in the property. (They cannot be on the mortgage/DOT/ warranty deed.)Yes, manual underwriting is permitted and underwriters must follow US Bank and Agency guidelines for the product.
Will using the Program slow down the closing of my loan?
No, it shouldn't. The borrower should utilize the services of a trained and qualified lender. Please refer to the eHousingPlus website here for a list of approved lenders.
Is homebuyer education required?
Yes, for the PTHS Program, the borrower may use any HUD approved counseling agency OR take an online class with MGIC, which can be located at https://homebuyers.mgic.com Additionally, if the homebuyer wants to combine PTHS with HOME fund, the HOME program will have additional requirements for in-person homebuyer counseling. Please check with the HOME requirements.