Down Payment Assistance Program Available In Maricopa County

Down Payment Assistance Program Available In Maricopa County

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Are you ready to purchase a home in 2015, but a little tight on funds for the down payment and closing costs?  Well, consider using the Home in 5 Program! This program was specifically designed to assist homeowners with their down payment and/or closing cost fees; it is NOT a loan but a grant! This means the assistance money does NOT need to be repaid!  Have I caught your attention yet?

Here’s a quick snapshot of the program:

  • You do not need to be a First-Time Home buyer

  • Up to 5% of the loan amount is available for assistance (or up to $15k, whichever is less)

  • Maximum purchase price shall not exceed $300,000

  • Income limitations and debt ratio limitations apply

  • Special incentives are eligible for United States military personnel

  • Financing for these loans is available for existing homes, condominiums, townhomes or manufactured homes on first come, first-served basis.

  • Buyers must attend a home buyer education course and complete a home inspection on the home they purchase

According to the Arizona Multiple Listing Service Inc. (ARMLS) most recent Rent Check, the average monthly rent for Maricopa County is $1306.  With the mortgage rates low right now, why wouldn’t you consider buying versus renting?

*Certain lending restrictions apply and are subject to change without notice.  Contact us today for more details on this program and a Home in 5 Lender recommendation!

Are you thinking of selling your current home? Contact ME today to discuss the programs we offer and how easy it can be to save you MONEY when using our team! As always, we appreciate your referrals of friends and family, plus we guarantee 100% satisfactory service!


Adrea A France Headshot
Author:
Phone: 480-399-1585
Dated: January 12th 2015
Views: 571
About Adrea: Adrea France brings more than 20 years of Real Estate experience to the table. In that span of time,...

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Smart Concept Real Estate Group
3920 S. Rural Road, Suite 110
Tempe, AZ
480-725-3393
480-237-5680