Great News for Home Buyers in Maricopa County Arizona, housing just became more affordable for you, with the Home in 5 program. This is a grant program that provides the down payment assistance to low and moderate income to individuals and families purchasing a home. Home buyers like yourself can receive 5% (6% to a Vet) of their first mortgage to be used as a down payment. This translates to FREE down payment. This grant is given to Home Buyers that wish to buy in Maricopa county and the city of Phoenix. This grant does not have a repayment clause.
Here are some of the guidelines of this program:
* Primary Residence, owner occupied only
* Single family residences or condos
* Does not have to be a first time home buyer
* Minimum FICO score of 640 required
* Maximum household income $88,340.00
* Maximum purchase price $300,000.00
* FHA or VA loans
* No repayment required for this grant.
* Buyers will need to complete a Home buyer’s Education Class
The benefits of owning a home are endless, but the top of the list would be gaining equity for your future. Other benefits are tax deductions, payments never going up again unlike rents and a place that you can call your own. You are locking in a payment that will stay unchanged for the life of the loan,for example, a home that sells for approximately $150K would cost about $995.00 per month including mortgage, taxes and insurance fixed for 30 years. You can kiss your landlord “Farewell”.
On that note, I can’t think of a better and easier way to get into a home that will provide you with equity and security for a long time to come.
If this program will help you just fill out the form be low and we be in touch with you soon.
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