Have you been thinking about buying a house but figure you won’t live long enough to save up that huge down payment? Never fear! Hope is here!
Arizona has several down payment assistance programs that provide a grant to homeowners who qualify that shaves 3% off the minimum down payment. That’s a huge chunk of the low down payments required for FHA and some conventional loan programs.
And it gets better…
If the seller agrees to contribute towards your closing costs – effectively financing those closing costs – you might be surprised at the small amount of cash you need to get those house keys. I have seen folks buy for less than $1000 in cash!
There are some qualifications, such as minimum credit score, maximum home price, a salary cap and you will have to a take a class. But for a lot of folks, it’s an amazing way to get into a home and out of the rental game.
For more information, check out these links or give me a call for even more resources!
Arizona Down Payment Assistance Resources:
Or contact me at: