If you live in Phoenix, Arizona you may qualify for and take advantage down-payment and closing cost assistance through the city's Neighborhood Stabilization Program.
You may be eligible for the program if you meet the following criteria:
• Do not currently own any real estate
• Will occupy the home as your primary residence
• Earn within the program’s income requirements, which are less restricted than you may think. For example, a household of four can make $79,100 and still qualify for the program
The NSP Homeownership Assistance Program provides a $15,000 for down payment and closing cost assistance to eligible buyers of foreclosed homes anywhere in the city of Phoenix (while funds last).
• Buyers must live in their newly purchased homes as their primary residences; investors are not eligible.
• The homebuyer pays back the full amount of the interest-free loan to the city when the home is sold or refinanced.
• The Homeownership Assistance Program targets foreclosed single-family homes, townhomes and condominiums (condo conversions are not eligible) that meet U.S. Department of Housing and Urban Development (HUD) Housing Quality Standards.
• This program is for down payment and closing costs assistance only and cannot be used to fund home improvements or repairs.
Phoenix Home Buyers: Take Advantage of $15,000 for down payment and closing cost assistance on foreclosures with the Phoenix City Limits! What a great way to start of 2011 - with a new house to call home. Please give me a call if you live in the Phoenix metropolitan area and are considering buying a new home or likewise if you are currently living outside of Arizona and are looking to relocate. There may be similar programs available in suburban cities, so please give me a call today at 480-773-5195 and let's get started on your new home search!
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