Up to $18,000 Down Payment Assistance Available for First Time Buyers!

By
Real Estate Agent with Garrette Custom Homes SA537042000

Home in 5 Down Payment Assistance AZ

 The Industrial Development Authority of the County of Maricopa and The Industrial Development Authority of the City of Phoenix, Arizona have joined together to help homebuyers obtain FHA, VA, or USDA-RD loan financing to purchase a home anywhere in Maricopa County, including the City of Phoenix.

Through the Home in Five Advantage program, individuals or families who qualify would be able to obtain a 30-year fixed rate loan, with a non-repayable 5% down payment/closing cost assistance grant, with special incentives for qualified United States military personnel.

Financing for these loans is available on new or existing homes, condominiums, townhouses or manufactured homes on a first-come, first-served basis, only through Participating Lenders

This assistance is a grant and does NOT require repayment!!

 

Homebuyer Eligibility

Buyers must:

*Have a minimum FICO credit score of 640

*Have a maximum debt-to-income (DTI) ratio of 45%

*Qualify for financing utilizing Standard loan guidelines (i.e., adequate income, acceptable credit, and down payment requirement).

 *Attend a homebuyer education course and obtain a certificate of completion, and receive a home inspection.

Income Limits for Eligible Borrowers

*Maximum credit qualifying income may not exceed $90,000.

There is no income limit for qualified United States military personnel.

Program Eligibility

*Homebuyers may purchase a home anywhere in Maricopa County, including in the City of Phoenix.

*Buyers must occupy the home as their principal residence within 60 days of closing.

*The program may only be used to purchase a home (i.e., no refinancing).

Purchase Price Limit

Maximum purchase price limit of $300,000.

Special Incentives for Qualified United States Military Personnel

There is no income limit for qualified United States military personnel.

Down payment/closing cost assistance of an additional 1% for a total of 6%.

 “Qualified United States Military Personnel” include Qualified Veterans, active duty United States military, active United States Reservists, and active members of the National Guard.

A "Qualified Veteran" is a person who served in the active military, naval, or air service, and who was discharged or released therefrom under conditions other than dishonorable (as provided in 38 U.S.C. Section 101.

Down Payment Assistance

All homebuyers qualifying for down payment assistance will receive 5% of the original loan amount to be used for down payment and closing cost assistance.  

Qualified United States Military Personnel will receive 6% of the original loan amount.

THIS IS FREE MONEY!!!!

Arizona Down Payment Assistance Programs

  All of the Down Payment Assistance Programs primarily use an FHA mortgage to secure the first mortgage however some programs may accept different programs.

C = Conventional
F = FHA V = VA
                 R= USDA Rural Development

 

 


Eligible 1st MTG. LOAN TYPES
State
DAP Maximum Assistance Amount
Phone #
PROGRAM NAME
Avondale Homebuyer Assistance Neighborhood Stabilization Program (NSP) – Gift C F V AZ $15,000 (623) 333-2700
Avondale Homebuyer Assistance Neighborhood Stabilization Program (NSP) – gift C,F,V AZ $5,000 (623) 333-2700
Avondale Homebuyer Assistance Neighborhood Stabilization Program (NSP) – Lien C F V AZ $40,000 (623) 333-2700
Avondale Homebuyer Assistance Neighborhood Stabilization Program (NSP) – lien C,F,V AZ $40,000 (623) 333-2700
Avondale Homebuyer Assistance Program (HAP) C F V AZ $40,000 (623) 333-2700
Avondale Homebuyer Assistance Program (HAP) – Gift C F V AZ $5,000 (623) 333-2700
FHLBSF/National Bank of AZ/Comite de Bien Estar Individual Development & Empowerment Account Program (IDEA) C F AZ $15,000 (928) 627-8559
Flagstaff Community Homebuyer Assistance Program (CHAP) C F V AZ $33,700 (520) 214-7456
Flagstaff FHLBSF/BOTHANDS Inc Individual Development Account (IDA) C F AZ $15,000 (928) 214-7456
Flagstaff FHLBSF/BOTHANDS Inc Workforce Initiative Subsidy for Homeownership Program (WISH) C F AZ $15,000 (928) 214-7456
Maricopa County Federal Home Loan Bank of San Francisco/Alliance Bank of Arizona Individual Development and Empowerment Account IDEA C F AZ $15,000  
Mesa Housing Our Communities Inc New Opportunities for Homeownership Program (NOH) Closing Cost Assistance C F AZ $2,000 (480) 649-1335
Mesa Housing Our Communities Inc New Opportunities for Homeownership Program (NOH) Down payment Assistance C F AZ $25,000 (480) 649-1335
Multi Counties Alliance Bank of Arizona Workforce Initiative Subsidy for Homeownership Program (WISH) C F AZ $15,000 (602) 629-1721
Multi Counties Community Housing Resources of Arizona (CHRA) Wells Fargo Mortgage Assistance Program (MAP) C F AZ $5,000 (602) 631-9780
Peoria First Time Homebuyer Down Payment Assistance (FTHB) C F AZ $15,000 (623) 773-7250
Phoenix American Dream Down payment Initiative Program (ADDI) C F AZ $10,000  
Phoenix Neighborhood Stabilization Homebuyer Assistance Program (HAP) C,F,V AZ $15,000 (602) 631-9780
Phoenix Neighborhood Stabilization Homebuyer Assistance Program (HAP) – NSP C F V AZ $15,000 (602) 631-9780
Pima County AZ Federal Credit Union/Family Housing Resources Workforce Initiative Subsidy for Homeownership (WISH) C F AZ $15,000 (520) 318-0993
Pima County Down Payment Assistance Program (DAP) F AZ $20,000 (520) 791-4123
Pima County Family Housing Resources Homebuyer Assistance Project (HAP) C F AZ $3,500 (520) 791-4123
Pima County Housing Assistance Program C F AZ $5,000 (520) 791-4123
Pima County Primavera Foundation Inc Homeownership Program (HOP) C F AZ $15,000 (520) 882-5383
San Luis Comite de Bien Estar Inc Deferred Payment Loan (DPL) C AZ $25,000 (928) 627-8559
Tempe Community Assisted Mortgage Program C F AZ $35,000 (480) 350-8950
Tucson CDBG Down Payment Assistance Program (DPA) C F V AZ $2,000 (520) 882-0018
Tucson Old Pueblo Community Foundation (OPCF) First Time Homebuyer Project (FTHP) C F AZ $10,000 (520) 546-0122

This assistance is a grant and does NOT require repayment!!  HURRY and take advantage of this program TODAY while the funds are still available....this program won't last long!! CONTACT ME TODAY!

Posted by

ASHBY REALTY GROUP, LLC

C: 602-677-7977   F: 480-907-1916

E: azshortsalediva@gmail.com 

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Don't let time slip away. Take action today.  Foreclosure is NOT an option!
Call Jessica Sulliman Phoenix Arizona Short Sale Agent for a confidential phone interview to go over your options to avoid foreclosure at 602-677-7977. 

Stop Foreclosure- Learn Your Options. Maybe a short sale is your best option. 

Maybe the bank will PAY YOU to short sell your home! We may be able to help you avoid foreclosure.

 

IMPORTANT DISCLOSURE:
*Seek competent legal counsel and tax advice for any real estate transaction. Jessica Sulliman and Ashby Realty Group are not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit. Your Lender may not agree to the change of your loan and/or a Short Sale.With a Short Sale, there are no guarantees offered and we cannot provide legal advice. Seek legal advice.*

About the Author...

This article  was provided by Jessica Sulliman, a Nationally recognized Realtor and Certified Short Sale & REO Specialist.  Jessica can be reached via e-mail at azshortsalediva@gmail.com or by cell phone or text message at 602-677-7977. Jessica has helped hundreds of people buy and sell their home.  For Arizona real estate and homes see www.jessicasulliman.ashbyrealty.com or www.theshortsalediva.com

Ashby Realty Group handles Arizona real estate sales, Arizona short sales, Arizona strategic short sales, Arizona pre-foreclosure sales, and Arizona foreclosures in the entire metro Phoenix area.  We specialize in the East Valley: Queen Creek, Gilbert, Chandler, Mesa, Scottsdale, Paradise Valley, Apache Junction, Gold Canyon, Tempe, Florence, San Tan Valley,  Ahwatukee, Anthem at Merrill Ranch resort community in Florence AZ. Serving all of Maricopa and Pinal counties Arizona. Arizona Short Sale Realtor. Short Sale Arizona 

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Comments (2)

Anonymous
Diana Layton

Do you still do the USDA LOAN/ HOMES FOR SALE ASSISTANCE. I am very interested. In need of a good Realtor for this. Thank you.

Mar 09, 2018 02:51 PM
#1
Jessica Sulliman
Garrette Custom Homes - Queen Creek, AZ
CDPE, SFR, Queen Creek Real Estate 602-677-7977

Hi Diana! You didn’t leave any contact info....I would love to help!! 602-677-7977

Mar 21, 2018 06:23 PM

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