There is a new program available to help First Time Buyers get into their first home.  It is a 1% down loan program.  The Buyer puts down 1% and the AZ FHR Program gives them a 2% gift to make a 3% down payment.

This program can be used with Manufactured Homes or stick build homes.  The AZ FHR Program will also give a 5% second loan for closing costs.  The maximum loan amount is $342,000.  You can use the program with single family, condos. or 1-2 unit properties.  It is for Primary Residences only. No investor or second homes.

If the program is used on a Manufactuted Home you must have a permanent foundation, no hauled water and you need an engineer certification.

There may be income limits based on the county you are purchasing in.

Call Lynne Dewar at (800) 552-1188 for more details.