If You Live in Arizona, 1% Down Is All It Takes to Buy a Home

Can you imagine buying a home for as little as 1% down?  If you’re one of the many who cannot buy a home because you can’t afford the down payment, good news!  America’s Home Buyer Solutions Program is designed especially for those in a low to moderate income range.  If you have long been wanting quality, affordable housing for your family and have all but given up, this opportunity is absolutely amazing.

Not only can you buy a home for 1% down (and possibly even less), the seller is encouraged to contribute up to 6% to be used toward closing costs.  This program is offered exclusively through The Lending Company, the only lender endorsed by the U.S. Housing and Urban Development for this program.

How can you get a home for only 1% down?  Here is a short explanation.

3.5% down is required on these homes, and the program contributes 2.5% of that amount as a gift that never has to be repaid.  This leaves you with only 1% down, and this 1% can even be given as a gift from a family member, employer or union – meaning you could actually purchase a home of your own for zero down.  There are absolutely no strings attached.  As long as you are utilizing a 30 year fixed FHA loan, this is for you if approved.

Other aspects of the program that you need to know include:

You do not have to be a first-time home buyer, and you are not limited to single family dwellings.  If your income is within the limits for your county and you qualify, you can purchase a duplex, condo, town house or any dwelling for up to 4 families.

Income guidelines are very lenient

Seller is encouraged to contribute up to 6% to be used toward closing costs and other pre-paid expenses.

Interest rates are extremely competitive

Credit score of 640 or higher to qualify

No pre-payment penalties

Property must be owner occupied at the time of purchase, no rental properties

Can you imagine that for the equivalent of 1 months security deposit and 1 months rent, you could be living in a beautiful home of your own?

This is an incredible opportunity that you may never see again, so act while you have the chance.  Finally, the chances are great that you can purchase a quality home for yourself and your family.  Don’t wait until the opportunity is gone!