| When you qualify, only 1% down is required - and this | | | | income families desiring good housing that is |
| can even come from a family member! | | | | affordable? A low down payment, it can be combined |
| This program provides up to 2.5% as a gift that is to | | | | with other programs, and family members can |
| be used for a down payment, and is offered ONLY | | | | contribute their "gift" to make up the balance of the |
| through The Lending Company, which is an endorsed | | | | down payment. This one-of-a-kind program is the first |
| HUD lender. If you are utilizing an FHA 1st mortgage, | | | | to truly make affordable housing available to anyone, |
| the program will provide a gift of up to 2.5%, and 6% | | | | no matter what their income level. |
| may be contributed by the seller for pre-paid | | | | Here are a few helpful facts about the program: |
| expenses and closing costs. Why would the seller | | | | * The home buyer should have decent credit, and a |
| contribute? It is a small price to pay to get their home | | | | minimum of 620 FICO is required |
| sold in a down housing market. | | | | * Income restrictions are generous when compared |
| Income limits are based on the county you live in. The | | | | with most other programs for housing |
| program is also not limited to only 1st time home | | | | * The purchased home does not have to be a |
| buyers, which is excellent news. It provides flexible loan | | | | foreclosure - it can be any home that meets FHA |
| approval guidelines along with very competitive interest | | | | standards, and may be a duplex, townhome, triplex, |
| rates, and provides you with a large variety of homes, | | | | fourplex, or condo that is HUD approved. |
| since nearly any home approved by HUD qualifies. This | | | | * You DO NOT have to be a first-time home buyer! |
| includes 1 to 4 family homes and condominiums, and | | | | The home you purchase must be used as your |
| the owner must occupy the home to qualify for the | | | | primary residence. |
| program. The Arizona Home Buyer Solutions Program | | | | This is exciting news for Arizona! You, as a home |
| is the only one of its kind, and is available to qualified | | | | buyer, should learn more about this program if you are |
| home buyers across the state of Arizona. | | | | looking for quality, affordable housing. There has never |
| What makes this a good fit for low to moderate | | | | been a better time to buy! |