home in Phoeniz, AZ

The WISH Grant is a down payment assistance program that provides matching funds to eligible first-time homebuyers.

PHOENIX (June 2, 2023) — To make home ownership a reality for more homebuyers, OneAZ Credit Union is offering down payment assistance to eligible first-time homebuyers through the WISH (Workforce Initiative Subsidy for Homeownership) Grant Program. OneAZ, as a Participating Member Financial Institution, is able to access the WISH Grant Program, which is funded through the Federal Home Loan Bank (FHLBank) San Francisco. This program allows OneAZ to support access to affordable and sustainable homeownership by providing down payment assistance via matching funds to eligible first-time homebuyers.

OneAZ’s participation with the WISH Grant Program serves as part of the credit union’s Future Forward initiative to better meet the needs of low-income individuals and families in underserved Arizona communities.

WISH Program Grant Features: For every dollar an eligible first-time homebuyer saves towards their down payment, the WISH Program will match it with a grant of four dollars, up to a maximum of $29,172 that can be used for the homebuyer’s downpayment and closing costs. To be eligible for WISH down payment assistance, homebuyers must:

  • Have successfully completed a homebuyer counseling program
  • Be a first-time homebuyer, as defined by the FHLBank in its AHP Implementation Plan
  • Meet income eligibility guidelines, as published by the FHLBank at the time of enrollment in the WISH Program and be at or below 80% of the HUD area median income
  • Meet the program timing requirements for opening escrow and closing on the property.

Note: Funds are limited on this program and available on a “First Come, First Served” basis. Enrollment in the WISH Grant Program does not guarantee the homebuyer receipt of funds. Grant funds may be forgivable in certain instances to qualifying eligible individuals.

“At OneAZ, our mission is to truly improve the lives of our members, our associates and the communities we serve. We want to help all our members achieve their financial dreams. That’s why we’re offering the WISH Grant Program to make homebuying a reality no matter where you’re at financially,” said Ken Bauer, Chief Lending Officer at OneAZ Credit Union.

OneAZ is now accepting applications for the WISH Grant Program.

About OneAZ Credit Union

OneAZ Credit Union is a member-owned financial institution serving 160,000 members with 20 branch locations across Arizona. As a credit union with over $3.0 billion in assets, OneAZ is owned by its members, who benefit from better rates, lower fees for service and improved technology. Since 1951, OneAZ has strived to help Arizonans meet their financial needs through a full suite of personal and business banking solutions. OneAZ’s mission is to truly improve the lives of its members, its associates, and the communities it serves. Insured by NCUA.


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