1% Down to Buy a Home in Arizona? Incredible Program Makes It Easy

As the most revolutionary Arizona loan program available in years, America’s Home Buyer Solution Program has made it possible for those who fall in a low to moderate income range to finally buy a home of their own.  Frequently, first-time home buyers utilize an FHA loan to buy their home.  Additionally, the ability to come up with a down payment is what prevents most people from buying a home.  Now, with only 1% down you can if you qualify – which is easy.

The program offers a 2.5% gift that applies to the 3.5% down payment required to purchase a home.  This gift does not have to be repaid, and you are responsible for the remaining 1% down, which can come from a family member or union in the form of a gift.

This is a Arizona FHA loan program that is not limited to first-time home buyers.  The seller is also encouraged to contribute up to 6% of the selling cost, and many do.  This money can be applied toward pre-paid expenses such as closing costs.

Do you have to have perfect credit to purchase a home through this program?  No.  As long as you have a 640 FICO you may be eligible.  There has truly never before been a program that makes it this easy to purchase a quality home for your family.

How much are you limited in regards to your income?  Limits are based on the county in which you reside and have been expanded, making it easier to qualify.

You are required to use FHA financing; the Lending Company secures a 2.5% forgivable gift from a qualified 501(c)(3) non-profit, leaving you responsible for only 1% of the down payment.  This 2.5% is not a loan so it is not required that you pay it back.  Truly, this is a once-in-a-lifetime opportunity for those who have had problems in the past coming up with a down payment to finally purchase a home.

Are you required to purchase a single family home?  No.  Any FHA approved property that houses up to four families may qualify, including duplexes, townhouses and even condos.

Are you going to miss this outstanding opportunity?  If you have long been dreaming of a beautiful home for your family but have decided that your dream is beyond reach, now’s your chance.  Don’t let it pass you by!  Qualifying is easy – and it’s likely you will never have an opportunity like this again once it’s gone.