If you have been wanting your own home for a long time and were short on funds for a down payment, you can now purchase a home for your family for as little as 1% down if you qualify! The Arizona Home Buyer Solutions Gift Program is making affordable housing a reality. Available statewide, you will find this program exceptional. This is truly a once-in-a-lifetime opportunity!

What’s so amazing about this program? For starters, the minimum down payment for an FHA loan is 3.5% – but it doesn’t end there. The program provides 2.5% of this to you, with no repayment required. The remaining 1% can come in the form of a gift from a family member or credit union, meaning the entire 3.5% is taken care of! Here are a few more facts about the program that will make it clear to you just how incredible this really is:

* By utilizing an FHA 30 year fixed rate Government insured 1st mortgage, the 2.5% gift you receive can be used toward down payment or for assistance with closing costs

* In order to qualify, it is necessary that you meet income guidelines specific to the county you live in, which are very lenient

* Low interest rates are extremely competitive

* Even if you have owned a home previously, you can still qualify. You do not have to be a first time home buyer

* Properties include 1 to 4 unit family homes and condominiums that qualify

* Seller is urged to contribute up to 6% in order to assist you with closing costs, rate buydowns and prepaids. Many participate in this, simply because it helps them sell their home quickly

This program is the perfect solution for those with low incomes, which is a large percentage of the population in Arizona. You may have been excited about previous programs, only to learn that you either had to be a first time home buyer or were limited to homes that were in foreclosure. Now, qualifying is easier than ever and there absolutely are no strings attached! Those who want quality housing for their families can finally afford to buy a beautiful home of their own.

This program won’t be around forever, so don’t waste any time. Learn more about the Arizona Home Buyer Solutions Gift Program now, before you miss the best opportunity you will perhaps ever see. Finally, quality housing is affordable again, even if you could not come up with the necessary down payment in the past.

Whether you are in a low income bracket, or simply did not have the money to make a down payment for other reasons, now is the perfect time to buy. Qualifying is easy, and this may be your one chance to finally get a beautiful, quality home for your family! Don’t wait – learn more about this amazing program today. Feel free to contact FHA Loan AZ for more information about a loan for a purchase or refinance to help you meet your real estate needs.

Author Bio: Joel McLaughlin Learn more about FHA Loans in Arizona

Category: Real Estate
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