Community First Financial has partnered up with Maricopa County's initiative to offer first time home-buyers downpayment assistance.  The program is designed to help home-buyers purchase a newly constructed or existing home by providing a below market mortgage interest rate with a 5% grant for down payment and closing cost assistance.  The qualified borrower will receive the non-repayable grant that can be used anywhere in Maricopa county. 

Eligible properties For Targeted and Non-Targeted Area's

-Single family detached houses

-Condominiums

-Townhouses

-Duplex older than 5 yrs

-Planned Unit Developments (PUDs)

-Within Purchase price limitations

•·         New/Existing one unit: $311,625(Non-Targeted)

•·         New/Existing one unit: $380,875(Targeted)

Eligible Borrowers For Targeted and Non-Targeted Area's

-First time home-buyers(have not owned home in last three years)

-If home is in a Targeted area the buyer does not have to be a First time home-buyer

-Primary residence

-Purchase only

-Within household income limitations

•·         1-2 Person household = $64,524(Non-Targeted)

•·         1-2 Person household = $74,203(Targeted)

Community First Financial has streamlined this process for the individuals or families who are wanting to qualify.  Buyers purchasing a home in certain targeted area's within Maricopa county will receive a lower interest rate along with a 6% grant for down payment and closing cost assistance.  To find out more on the downpayment assistance and to get a targeted area map contact Nick Porter.

Nick Porter

www.Lawenforcement1st.com

nick@cffinfo.com

Community First Financial, LLC

7575 E Redfield Rd, Suite 235

Scottsdale, AZ  85260

480-305-8900  Ext: 302

541-231-3040  Cell