Pathway to Purchase Down Payment Assistance Program.
Arizona department of housing's launch of the Pathway to Purchase program is the perfect trampoline many Arizona home buyers need to spring them into the home of there dreams. With a maximum of $20,000 dollars to be granted to some buyers, that dream can soon come to fruition. The program's aim is to increase home ownership in specific areas that were the hardest hit during the last market downturn. Some extremely nice cities in Arizona are on the list. Some of the highlights that I personally service are Avondale, Goodyear, Laveen, and Buckeye. A full list of participating cities and details can be obtained by visiting pathwaytopurchase.info.
There are pre-qualifications for buyers which include:
Minimum 640 FICO score.
Household income no greater than $89,000 per year.
Property must be the primary residence.
Existing property (no new construction).
With just under 50 million dollars set aside for this program, it is truly a wonderful opportunity if you or someone you know meets the requirements to get on their Pathway to Purchase.