Yes, free home buyer grants are still available in the Phoenix metro area of Maricopa County. The Home in Five Advantage free grant program has been very popular and is still providing grants to home buyers with at least a 640 credit score but otherwise do not have sufficient cash for the down payment and/or closing costs.
See a home buyer testimonial on how the free grant worked for him
A 3% free grant of the loan amount is available for down payment and/or closing costs. Veterans, first responders and teachers and certain others have recently been added to qualifying for an extra 1% free grant. To learn more about the Home in Five Free Grant see this link for qualifying rules, benefits and participating lenders.
Free Home Buyer Grants help first time homeowner families
Home in Five Advantage is a wonderful program in Maricopa County to help home buyers get into a home that they did not think they would be able to purchase.
How To Qualify?
- Borrowers Minimum FICO credit score of 640
- Annual income up to $92,980
- Debt to Income ratio up to 45%
- Occupy the home as principal residence within 60 days of closing
- Complete Homebuyer education
- Located in Maricopa County
- Priced at $371,930 or below
- A new purchase (no refinancing)
- New or existing houses, condominiums, or townhouses
Ask me Jeff Masich for more information. I would be pleased to help you get started on your free grant and help you as your Buyer's Realtor find the right home at the right price. I can help you keep your home purchase and closing costs as low as possible. Some clients may be able to get into their home for little or no money down.
If you are looking to move to Phoenix including Scottsdale or to buy a home in Arizona or sell a home in Arizona, contact Jeffrey Masich, Associate Broker and Realtor. I would be pleased to help you and look out for your best interests while finding you the right home at the right price!
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