NEW & BETTER 0% DOWN LOAN PROGRAM. YOU CAN NOW QUALIFY QUICKER AND EASIER THAN BEFORE. WATCH OUR NEW FACEBOOK LIVE VIDEO ON THIS AND MORE!
Think you can’t buy a home? Maybe you were told you couldn’t? This brand new loan program just made it easier. Even easier than the old down payment assistance programs. It also helps us sell your home faster. Not all lenders have this loan program available. Ours does. Look through more details below and contact us to get started.
NEW Down Payment Assistance Program – No Income Limit!
With the Pathways to Purchase almost gone, we have a brand new Down Payment Assistance program available in all of Arizona (and many other states)! Below are some details – this will definitely help a lot more homebuyers!
620 Minimum FICO Score
No Debt to Income Ratio Max (goes to FHA guidelines/AUS Findings)
Assistance is 3.5% of the Purchase Price (covers entire down payment)
No set origination fee/rate – can increase rate to help cover closing costs
No need to be a 1st Time Homebuyer
Available ANYWHERE IN ARIZONA!
The assistance is offered as a 2nd mortgage (with two options). If buyers are below 115% of the HUD’s area median income limit for their household size, then its FULLY FORGIVEN after they live in the property for 3 years and its a 0% rate mortgage with no payments required. If they are above the income limit, they can choose a 10yr repayment term (0% interest) or 30yr term (5% interest) for the assistance (very low payments compared to past 2nd mortgages).
This is arguably one of the best DPA programs (not city specific) that we have seen in a while. If you have any questions, let us know. Group Line/Text: 480-788-8569
Chris & Cynthia Mincolla
The Mincolla Group | Keller Williams Realty Phoenix
3920 S Rural Road, Suite 110, Tempe, AZ 85282
Group Line/Text: 480-788-8569
[email protected] | www.MincollaGroup.com