Arizona's Hardest Hit Program: Save Our Home AZ

The Save Our Home AZ program gives struggling Arizona homeowners monetary assistance to stay in their homes or transition to new housing. Find out if you are eligible for help.

The Save Our Home AZ program, which is funded through the Hardest Hit Fund, provides Arizona homeowners with monetary assistance to cover mortgage principal reductions, make monthly mortgage payments, or settle a second mortgage. Keep reading to get an overview of the program.

Hardest Hit Fund

In 2010, the U.S. Department of the Treasury created the Hardest Hit Fund to provide targeted aid to homeowners in those states most affected by the housing market crash. As part of this program, $7.6 billion in aid was allocated to the 18 states, along with Washington, D.C., that experienced the most extreme home price declines and high unemployment rates as a result of the economic crisis. (Learn more about the Hardest Hit Fund.)

Arizona was initially awarded over $267 million through the Hardest Hit Fund and additional funding was approved in 2016 to help homeowners avoid foreclosure. (Learn more about the Arizona foreclosure process.) To do this, Arizona set up the Save Our Home AZ program.

Save Our Home AZ

Through the Save Our Home AZ program, Arizona homeowners can receive funds to:

  • reduce the principal balance of their mortgage
  • make monthly mortgage payments for underemployed and unemployed homeowners
  • settle a second mortgage.

Home Eligibility Criteria for Save Our Home AZ

Additionally, eligibility is further based on a number of additional factors, such as:

  • The property must be in Arizona.
  • The home is owner-occupied as a primary residence.
  • The home is a single-family residence, one-to-four unit dwelling, condominium, or townhome.

To find out more about eligibility requirements, go to https://housing.az.gov/save-our-home-az-0 and click on click on Self Assessment and Online Applications.

How Save Our Home AZ Works

Most Save Our Home AZ assistance is provided in the form of an interest-free loan. The loan is forgiven at the end of the term and upon successful completion of the program.

Servicer Participation

Servicer participation in Save Our Home AZ is voluntary. (A mortgage servicer is the company that collects monthly mortgage payments from borrowers on behalf of the owner of the loan, as well as tracks account balances, manages the escrow account, handles loss mitigation applications, and pursues foreclosure in the case of defaulted loans.)

To find out if your servicer is part of the Save Our Home AZ, you’ll need to first fill out an application for assistance.

How to Apply

To apply, go to www.azhousing.gov and click on the “Self-Assessment On-Line Application” to fill out an online form.

If you want to complete the application over the phone, call the Arizona Foreclosure Help Line at 877-448-1211.

For More Information

Go to www.azhousing.gov or call the Arizona Foreclosure Help Line at 877-448-1211 for more information. Free housing counseling is also available.

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