Pima County first time home buyers are still eligible to take advantage of the Pima County Bond Money Loan program. This program provides a low interest rate of 4.55% for 3 years fixed for FHA and VA loans. This loan program has income restrictions however most buyers who qualify for FHA or VA loans will qualify for the Bond Money program. Additionally to qualify, this loan program requires a minimum credit score of 640. The buyer must live in the property and if the buyer decides to sell within 9 years the profits may be subject to a recapture tax. The recapture tax is designed to promote home ownership in Pima County and prevent abuse of the Bond Money program which is geared towards buys who are planning on owning a property for an extended period. For more information please visit the Pima County Bond Money Program page or click here to apply now for the loan.