If you're considering Buying a Home, Townhome or Condo and could use assistance with the down payment, this program may be for you.  We've helped many Valley home buyers become homeowners through this amazing program and they're just thrilled with the results!  

Down Payment Assistance Grant gets you into a home with virtually no money down when you purchase a home in Maricopa County and you don't even need to be a first time home buyer to qualify!  

Call Marie for questions or to get started with this amazing program, today! Tel. 602-475-3175.

Qualification Criteria As Follows:

(additional terms and conditions do apply; inquire within by contacting Marie at 602-475-3175)

ELIGIBLE AREAS
  • All Maricopa County including the City of Phoenix, Chandler, Gilbert, Mesa, Tempe, Avondale, Glendale, Peoria, Scottsdale, Laveen, etc. - All of Maricopa County.
ELIGIBILITY CRITERIA
  • Borrower(s) & Spouses must occupy the property as their Primary Residence; Borrower(s) & Spouses must be able to Permanently reside in the US; Do Not Need to be a First Time Home Buyer to Qualify
ELIGIBLE LOAN TYPES
  • FHA, VA
AVAILABLE DOWN PAYMENT ASSISTANCE
  • Total of 4% of Final Loan Amount – True Grant, No Repayment
  • Additional 1% (5% total) Down Payment Assistance for Qualified Veterans, Active Military, Reserves and National Guard.
  •  
INCOME LIMIT CRITERIA
  • Household income = 1003 Credit Qualifying Income (not co-signor’s)
    For all household sizes income cannot exceed $88,340
PURCHASE PRICE LIMITS
  • $300,000 (FHA Max financing amount is currently $271,050)
HOME BUYER EDUCATION
  • Required for anyone on the Note: Can use ANY HUD Approved Counseling Agency (we will provide you a list of course locations).
  • (not required for co-signors)
FICO SCORE REQUIREMENT
  • Mid score must be 660 or higher
  • Debt-to income ratios – Max 45%
  • No Exceptions
CO-SIGNERS
  • Permitted to the extent permitted by applicable Agency (FHA, VA, USDA:RD). They cannot have any ownership interest (cannot be on the Mortgage/Deed/WarrantyDeed). 
·         Interest rates fluctuate and are set by the program.
 
*This grant program is subject to change and has changed since this posting. Please consult with Marie De Los Monteros at 602-475-3175 for the most up to date information regarding this particular program.
 
 

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