Arizona Home Loans – Now, a Special Program Makes It Easy to Afford a Home

If you are an Arizona resident who has long wanted your own home, but you simply could not afford the down payment, there are now Arizona home loans that make it possible for those in a low to moderate income range to buy that home of their dreams.

Depending upon how long you have been trying to figure out a way to buy a home for yourself and your family, you probably already know that typically, 3.5% is required down on an FHA home.  Now, a wonderful program allows those who qualify to purchase approved FHA properties for only 1% down!  This program, America’s Home Buyer Solutions Gift Program, offers a 2.5% gift that never has to be repaid, leaving you with only 1% down to buy a home.  The real kicker?  A family member, employer or union can gift the remaining 1%, meaning you literally buy a home with zero down.

Additionally, sellers are frequently paying buyers’ closing costs, because of the current condition of the housing market.  With this program, sellers are encouraged to contribute up to 6% of the selling cost, and many do simply for the fact that it helps them sell their home faster.  Imagine the money you will save – and you will finally have a beautiful, quality home for your family if you qualify.

This 1% down Arizona home loan is easy to qualify for; as long as you have a credit score of 640, there usually aren’t any issues.  Here are a few more facts about the program you will find interesting:

Even if you currently live in your own home, that is okay.  You do not have to be a first time homebuyer to participate in the program.

Not only can you purchase a single family home if approved, you have other options.  Condos, town homes, duplexes – any FHA approved property that houses up to 4 families.

How much can you make and still qualify?  Income guidelines have been expanded, and are based on the county in which you live.

Co-signers are welcome, and you never have to repay the gift.

No pre-payment penalties; the program is strictly for 30 year fixed FHA loans.

With this Arizona home loan program, you can see how you can save thousands of dollars – and have your own home for as little as 1% or zero down.  What are you waiting for?  This incredible opportunity will not be around forever, now is your chance.  Learn more today, and finally realize your dream of owning a home.