Free Grants + No Down for Home Buyers in Phoenix Metro

By
Real Estate Agent with HomeSmart Real Estate BR632450000

Does buying a home with nothing down in the Phoenix Arizona metro area sound too good to be true? Well check these real opportunties out for a free grant for down payment and/or Buyer closing costs or for Zero Dollar down payments.

 

free home grants                             Home Buyer Free Grants and No Down Payment Loans are still available

 

There are still a number of free grant and zero dollar down programs available in the Maricopa County or Phoenix metro area. Ask me as your buyer's Realtor for more information. Also, ask me about structuring your purchase contract asking for Seller assistance on the Buyer closing costs.

Home in Five ProgramTheHome in 5 Program  offers 3-4% of the loan amount towards your down payment & closing costs in Maricopa County only. Income limitations and debt ratio limitations apply. You do not need to be a First-Time Homebuyer but must meet minimum FICO score requirements (currently 640) and FHA guidelines. 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 3-4% down payment/closing cost assistance grant, with special incentives for qualified United States military personnel. Learn more

Home Plus loan programThe AzHFA HOME PLUS Home Loan Program provides an attractive 30-year fixed-rate mortgage with a down payment assistance (DPA) grant equal to 4% of the mortgage amount. Qualified U.S. Military Personnel may receive an additional 1% for a total of 5% DPA. Income limitations and debt ratio limitations apply. Learn more

VA Home LoansThe VA Home Loan for Veterans was designed to offer long-term financing to eligible American Veterans or their surviving spouses (provided they do not remarry). This loan is 100% financing or no money down and has no monthly mortgage insurance. There may be a VA funding fee financed into your loan if you are not considered at least 10% disabled by Veterans Affairs. Additional requirements not common to other government loans such as residual income requirements apply. Learn more

USDA Rural Housing Loan ProgramThe USDA Rural Housing Guaranteed Loan Program assists approved lenders in providing low- and moderate-income households the opportunity to own with Zero Dollars down an adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Areas are limited by the USDA and you can check for property eligibility hereLearn more

                                                                                                                                                      Neighborhood Stabilization Program                                                                                                                                                                                            Neighborhood Stabilization Programs vary by state, county, and city to provide interested home buyers with down payment assistance grants and discounted housing options based on specific program options available in that area. In the West valley there are programs in the cities of: El Mirage, Surprise, Peoria, Glendale, Avondale, Goodyear, Phoenix, along with Maricopa County and more. You can find more info and learn more here.

 

For more information on Arizona Mortgage Loans check here. It is important to select a lender that can work with these free grant and low down payment programs. I can help you as a Buyer to structure the purchase contract in a way that can ask the Seller to contribute towards your Buyer closing costs.

 

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!

 

Free MLS Search ArizonaPress FREE MLS Search for search for homes for sale in Arizona

Posted by

Jeffrey Masich, Associate Broker, REALTOR®, MBA, GRI, BS Accounting

HomeSmart

Scottsdale, Arizona

JeffMasich@ArizonaHomesLand.com

http://ArizonaHomesLand.com

480-242-6500

 

 

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Arizona Maricopa County
Tags:
no down payment
free mls
home buyer assistance
home plus
home buyer grants
neighborhood stabilization
home in five
free mls phoenix
no down homes
closing cost asssistance homes
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Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeffrey, this should make your phone ring, as getting into a first home is tough to come up with a down payment.

May 12, 2018 05:32 PM #1
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is great information to share with prospective home buyers.

May 14, 2018 07:08 AM #2
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Rainmaker
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Jeffrey Masich- Arizona Associate Broker,MBA &GRI

Arizona Homes and Land Group/ Buy or Sell
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