Down Payment Assistance Program Available for Buying House in Phoenix AZ
Some homebuyers may not know that there are programs available that require no down payment or a very low down payment when buying a home in Phoenix Arizona area. There is still a government grant that provides down payment assistance/closing cost assistance for potential home buyers or assisting creditworthy renters who can afford a mortgage but lack the resources for a down payment. Here are some Down Payment Assistance Program Phoenix AZ:
Home In 5 Down Payment Assistance Program
Home in 5 is unique to Maricopa County, AZ including the City of Phoenix. Through the Home in 5 Advantage program, families and individuals who qualify can receive 4% non-repayable funds for down payment/closing costs. Qualified Military personnel can receive 5%.
The HFA Preferred/Home Plus Mortgage Program
Home Plus Mortgage Program is a down payment assistance program that is very similar to the Home in 5 program. The funds are provided by the Arizona Department of Housing and are available as a grant that does not need to be repaid for qualified buyers. Qualified U.S. Military Personnel may receive an additional 1% on ANY mortgage type.
AmeriFirst Financial 100 Program
AmeriFirst Financial 100 program allows buyers to get into a home with as little as 0% down. Buyers may qualify with as low as 620 credit score.
Pathway to Purchase
Pathway to Purchase is a down payment assistance that provide up to 10% of the purchase price (up to a maximum of $20,000) to qualified home buyers purchasing a primary residence in 17 targeted municipalities in Arizona. The Pathway to Purchase Program is strictly limited to the following 17 Cities:
Arizona City, Avondale, Buckeye, Casa Grande, Coolidge, Douglas, El Mirage, Fort Mohave, Goodyear, Huachuca City, Laveen, Maricopa, Red Rock, Sierra Vista, Snowflake, Tucson and Yuma.
Homes for Heroes
Homes for Heroes is a program that allows Arizona residents with qualified job types pay lower down payments for qualified homes than typical applicants. Firefighters, police officers, military service personnel and teachers may qualify.
Phoenix AZ Homes for Sale Under $300,000
Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.
If you are looking to buy or sell your home in Phoenix AZ and surrounding area, we hope you will consider us. Contact us today for complimentary consultation.
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