For residents in Maricopa & Pinal County there is money available for a down payment on your home purchase. The counties have bond programs available for those who qualify. If you don't qualify for the bond programs there are also special loan programs with $0 down and $100 down options.
MARICOPA & PINAL COUNTY BONDS
How much? Offering up to 22% for down payment.
Who Qualifies? "First time" home buyer. Even if you have purchased a home before, you may qualify as if you are "an individual who has not owned a home within the last 3 years." So, if you owned a home before and do not own one now, but say have been renting for the past 3 or more years, you may be eligilbe.
What exactly are these additional eligibility requirements? They include:
- Purchasing a 1-2 unit home in Pinal County, Arizona
- Not exceeding home purchase price limits and family income limits
- Meeting all additional lending guidelines based on the mortgage program for which you have applied
ZERO DOWN PROGRAM SAN TAN VALLEY
The USDA Rural Development Program provides several billions of dollars each year in mortgage funding to Americans in rural areas. Not all areas of the Phoenix Metro qualify. All of San Tan Valley qualifies, most unicorporated areas qualify and parts of Queen Creek qualify. Contact us for an up to date zipcode map.
$100 FHA DOWN PROGRAM MARICOPA/PINAL COUNTIES
Program highlights inlcude:
- $100 Down Payment with FHA financing
- $1,000 Sales Allowance paid to borrower at closing*
- HUD 3% Allowable Closing Cost Funds still apply
To see which program you qualify for, fill out the form the San Tan Valley Down Payment Assistance page.
Amy Gerrish
The Phoenix Metro Group
Brokered by Homesmart
Phone: 866-602-4601
Fax: 602-710-2057
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