Buying a Home in Arizona Has Never Been Easier With America’s Home Buyer Solutions Gift Program

Are you someone who would love to buy a home, but your income level just doesn’t allow you to have the funds for a down payment?  Typically, 3.5% down is required for those who purchase an FHA home, but now that has changed thanks to America’s (Arizona) Home Buyer Solutions Gift Program.  If approved, buyers need only 1% down, as the program gifts 2.5% of the required down payment, which you never have to pay back.  This is HUGE for those who have long dreamed of buying a home for their families!

Imagine if you were to purchase a home that is selling for $120,000.  Normally, you would be required to pay $4,200 down for that home.  With this program, $1,200 is all it takes – and the seller is encouraged to contribute up to 6% of the selling price to assist with prepaid expenses such as closing costs, so you save a substantial amount of money.

In fact, you could buy an FHA home for zero down, if you have a family member, employer or union who wants to gift the 1% you are required to pay down!  Co-signers are allowed as well, as long as they qualify.  There has never been a program like this before, and it has never been easier for those who fall in a low to median income range to buy a home.

How much can you make and still qualify?  Income guidelines are based on the county in which you live, and have been expanded to make qualifying even easier.  Interest rates are competitive, and you will not be penalized if you decide to pay your home off early.  This program is designed for those who intend to use an FHA 30-year fixed loan.  You must have a credit score of 640 to qualify.

Other facts about the program you will find interesting include:

You do not have to be a first-time homebuyer, unlike with many other programs in the past.  You can even currently live in your own home.

You are not limited to single family homes.  Any property that is FHA approved is fair game, including duplexes, condos, town homes and other properties capable of housing up to 4 families.

The approved lender for this program is The Lending Company, the only company approved to underwrite these Arizona FHA home loans.

While you may have come to the conclusion that you would simply never again be able to afford a home, this program gives you that opportunity.  This is a once-in-a-lifetime chance that you do not want to miss, so it is important that you act now to learn if you qualify.  Finally, you do not have to have thousands of dollars down to buy a home!