The industrial Development Authorities of the City of Phoenix and Maricopa County have joined together to offer up to $100 million dollars to help first-time homebuyers obtain FHA, VA or other eligible loan or conventional financing to purchase a home anywhere in Maricopa County.
Individuals or families who qualify would be able to obtain a 30-year fixed-rate mortage at a competitive rate, along with 5% assistanve for down payment and closing costs.
Financing for these fully assumable loans is available on new or existing homes, condominiums, townhomes, or manufactured homes on a first-come, first-served basis.
Your annual income must not exceed the income limits for eligible borrowers. The programs definition of a first-time homebuyer is someone who has NOT owned a home for at least the last 3 years.
NOTE: there is NO Privtate Mortgage Insurance required with the loans. Feel Free To Call Terry Smith with RE/MAX Fine Properties for more information (602) 763-1858
Author: Terry Smith
Home Buyer Education:
DOWN PAYMENT SOLUTIONS™
Other Important Links for down payment assistance and first time home buyers:
Home Buyer Grants By State:
Alabama - Alaska - Arizona - Arkansas - California - Colorado - Connecticut - Delaware - Florida - Georgia - Hawaii - Idaho - Illinois - Indiana - Iowa - Kansas - Kentucky - Louisiana - Maine - Maryland - Massachusetts - Michigan - Minnesota - Mississippi - Missouri - Montana - Nebraska - Nevada - New Hampshire - New Jersey - New Mexico - New York - North Carolina - North Dakota - Ohio - Oklahoma - Oregon - Pennsylvania - Rhode Island - South Carolina - South Dakota - Tennessee - Texas - Utah - Vermont - Virginia - Washington - DC - West Virginia - Wisconsin - Wyoming