Hey Arizona...great program for home buyers. Must check this out!

Real Estate Agent with Stone Path @ West USA Realty

Receive 5% down on a home as payment assistance (6% down for Veteran's assistance) with the new HOME IN 5 PROGRAM.. You really need to check this program out. We just had someone call us who is already pre-qualified for a home loan but didn't know about this program. Now she's going to receive 5% of her total loan amount which she can use towards her down payment. And what's REALLY nice about this program is that 5% DOES NOT HAVE TO BE PAID BACK.... Here are the program highlights:

1) 5% down payment assistance. Assistance is calculated as 5% of the initial principal balance of mortgage loan

2) 30 year Fixed Rate Home Loan. Interest Rate (set by IDA) currently 4.500% **The interest rate may change periodically to stay competitive with the market**

3) This is a grant, so no repayment is required.
Eligible loan types: FHA, VA, or USDA-Rural

4) Minimum 640 credit score

5) Maximum of 45% debt to income ratio

6) There is no first time home buyer requirement

7) Maximum qualifying income of $88,000

8) Important for Military (Qualified Veterans, Active Duty Military, Active Reservists, Active National Guard)

9) Down Payment Assistance is increased to 6%

Call us today and we'll work on getting you pre-qualified and finding you your next home immediately.

Share this with your friends too. This is a great program that is helping a lot of people get into homes with a little more ease.  Call me for details!

Posted by

Comments (0)