Here are 2 ways I help put more homeowners into homes.

                                  VS                                        

 The home in 5 is a great program.  Its a bond issued through the county.  It gives the buyer 5% towards downpayment and/or closing costs.

Pros: 

• 5% to be used toward buyers closing costs/prepaid
• No Seller Contributions are necessary
• Lender has flexible loan programs to choose from

Cons:

• The initial 5% (silent 2nd) needs to be repaid if the home is sold in the first 10 years
• The bond rate is set at the time of the issue of the bond
• The program is income restrictiive  

For more information on home in 5 visit:  www.phoenixida.com

Ameridream is a down payment assistance program.  Ameridream gifts 3% to the buyer for their down payment and works in conjunction with an FHA loan. 

Pros:

• 3% is a gift, it does not need to be paid back.
• Meet the FHA Down Payment Requirement. 

Cons:

• The Ameridream Fee is paid by the Seller
• Has to work with an FHA loan

for more information on Ameridream visit:  www.ameridream.org

I think both of these programs in a market like ours is a great way to help more people obtain homeownership. 

I have over 14 years of experience in the Real Estate and Mortgage Services Industry.  I specialize in using down payment assistant programs, government bond funds and 100% financing options.  If you have questions, please do not hesistate to email me.