On February 22, the interest rate for LIGHTHOUSE 3.0 was locked in at 6%, roughly one percentage point below the current residential rate on a 30-year mortgage.
Providing the homeowner stability in a fluctuating market, first-time homebuyers can receive up to 4% of the total mortgage amount up-front for down payment or closing-cost assistance. If the LIGHTHOUSE homebuyers stay in their home for five years, the loan for that assistance is fully forgivable.
Read more: https://www.signalsaz.com/articles/pima-county-ida-offering-assistance-to-first-time-homebuyers/