Arizona homes for sale
Thinking about buying your next home with a down payment of 3.5% up to 20% down payment? Don’t forget the closing costs, moving costs and an extra cushion of a emergency savings that generally can be the most challenging aspect of buyer a home in Arizona real estate market.
Zero down payment home loans used to be popular option when house values were rising and credit guidelines were easier. The USDA Rural Development Housing loans and VA loans are still available.
Today there is a new no down payment program for real estate buyers in Arizona which includes assistance for closing costs. The caveat for this exclusive buyer program for today’s borrowers is we still need to provide documentation of adequate income to repay the loan and must have good credit, at the very least a credit score of 640 or higher.
Examples of this No Down Payment Program:
Loan Amount Down Payment / Closing Cost (5%)
- $300,000 $15,000 Gift
- $220,000 $11,000 Gift
- $185,000 $9,250 Gift
How to Qualify for this No Down Payment Home Loan Program
- Income limit per household is $90,000,
- Cannot have any ownership interest in any other Mortgage/Deed/Warranty Deed
- Qualify with a 640 FICO score or higher
- The Debt-to-income ratio can’t be higher than 45%, No Exceptions!Owner Occupied
- Not for refinance, Purchases only
- Other conditions apply
- Call Manny 480.695.6485 for details
Exclusive No Down Payment Home Loan Program
Down payment program assist a amount up to 5% of Final Loan Amount. This is a true Gift/Grant may be part down payment and balance towards closing costs. Time is of the essence. This program will last for a limited time.