down payment assistance: Changes to Home in 5 - 12/03/15 01:22 AM
There have been some significant changes to the down payment assistance program. The Home In 5 down payment assistance program helps buyers get a government grant towards the down payment for FHA, VA and USDA loans. The following changes went into affect as of December 1st, 2015.
 
Please contact us for further clarification. www.academymortgagemesa.com
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down payment assistance: What Does It Take To Become A First Time Home Buyer? - 10/02/15 02:59 AM
The prospect of home ownership can be both exciting and nerve-racking. If you don't have any experience with the home buying process, it can even feel a little overwhelming.
The most important thing to remember is to not rush into anything. At times, the process can be so daunting that buyers either end up buying the first available home, or they go back to renting.
If you make any hasty decisions, you may end up regretting it. Take some time to understand the buying process, as this will help you make a decision you can be happy with.
Pricing Considerations
Even if you think you … (7 comments)

down payment assistance: Use Family Money As A Down Payment. - 09/24/15 03:33 AM
Buying a home can prove expensive, and many home buyers don't necessarily have a lot of money saved up for making a down payment.
However, most lenders aren't particularly interested in taking risks on unqualified borrowers, so there is a need to prioritize saving up for a sizeable down payment.
Thus, home buyers may turn to their friends, family, or other sources to try to make up the difference.
Whether or not you can use family money to make your down payment depends on a number of different factors. Let's take a look.
The Amount Of Money
The amount of money you can realistically receive as … (0 comments)

down payment assistance: Home in 5 - 09/08/15 01:36 AM
There are a number of factors that can prevent you from achieving home ownership. We do not want a lack of down payment to prevent you from obtaining your dream home. There are down payment assistance programs available to residents of Arizona. 
The most popular program is Home in Five Advantage. This is a government grant that provides a non-repayable 4% down payment/closing costs. This increase to 5% if you are a qualified United States Military Personnel. Financing is available on new or existing homes, condominiums, townhouses or manufactured homes. 
 
There are some minimum qualifications:
Byers must have a minimum FICO of 640 and a maximum debt-to-income ration of 45% All buyers … (0 comments)

down payment assistance: Down payment assistance - 06/19/15 08:03 AM
Academy Mortgage Mesa now has a loan solution called the First-Down Loan Program that only requires a 1/2% down payment.
Financing
The First-Down Loan Program offers financing of up to 99.5% of the sales price or appraise value of the home, whichever is lower. This is why you do not require more than a 1/2% down payment.
This loan is a 30-year, fixed-rate FHA loan. FHA’s mortgage insurance enables home buyers to qualify for ownership, even if they have been previously denied home loans or have found it difficult to qualify.
Even those who have previously experienced bankruptcy or foreclosure will be pleased to know that the … (0 comments)

 
Steve Alonso, Branch Manager, NMLS #229617 (Academy Mortgage Corporation)

Steve Alonso

Branch Manager, NMLS #229617

Mesa, AZ

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Academy Mortgage Corporation

Address: 5304 E Southern Ave, Ste 101, Mesa, Arizona, 85206-3623

Mobile: (602) 570-6757

Office: (480) 892-0000

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