1% (Or Even Zero) Down Can Get Arizona Residents a Home of Your Own!

If you’re tired of paying throwing your money away on rent but have been unable to buy your own home due to a shortage of funds for a down payment, things are about to change for you!  The America’s Home Buyer Solutions Program is now making it possible for low to moderate income families to finally be able to afford a home.

With only 1% (or even zero) down and 6% from the seller to assist with closing costs and other pre-paid expenses, this program is incredible.  Imagine how much money you will save, and how little it will cost to finally get the home you have been dreaming of.

There are no strings attached here; this program is available for those who qualify and applies to any FHA approved property.  How can you possibly get a home for so little down?

The program contributes a gift of 2.5% of the total 3.5% down payment required, leaving you with only 1% remaining.  This 1% can come in the form of a gift from a family member, union or employer.  The 2.5% down payment assistance gift money does not have to be repaid.

Additionally, the seller is encouraged to contribute up to 6% of the selling cost to help with closing and other costs.  While the seller is not required to do this, many do simply because of the fact that it helps them sell their home faster.

Some of the other features and requirements of the program include:

Even if you currently own a home you may qualify – you do not have to be a first time homebuyer.

Income limits are expanded and based upon the county in which you live.

Loan approval guidelines are flexible, interest rates competitive.

You are not limited to single family dwellings.  Any FHA approved condominium, duplex, town house or 3 to 4 family unit dwelling is ok.

There are no pre-payment penalties.

Credit score of 640 or higher is required.

You are required to take the First Time Homebuyers loan education () course, but it’s only $60.

This is a once-in-a-lifetime opportunity that you should not pass up if you have been longing for a quality home for your family and have not been able to afford the down payment.  It will not last forever, and when it’s gone it is unlikely you will ever see anything like it again.

Don’t pass up your chance to get a Arizona fha home loan for 1% or even zero down!  Learn more right now – you may finally be able to buy that home you have been dreaming of!  Don’t put it off.