Pinal County Down Payment Assistance
Amazed to learn that eligible Pinal County home buyers can receive a generous amount of down payment assistance from a variety of program sources? What amount of assistance/money may you receive if you meet eligibility requirements? How about up to 22% depending upon the particular down payment assistance program, your financial profile and other factors.
Although there are a number down payment assistance programs available, some may require you to be a what is described as a "first time" home buyer, but you need to understand that a "first time" home buyer as it applies to some programs is defined as "an individual who has not owned a home within the last 3 years." Thus, if you previously owned a home and sold it say, 5 years ago, and have rented an apartment ever since, you may be eligible for this particular down payment assistance program if you meet a few additional requirements.
What exactly are these additional eligibility requirements? They include:
How will a lender verify whether or not you have owned a home within the last 3 years? Simply put, you will need to provide the last 3 years of Federal Income Tax Returns, and any other information necessary for the lender to render a loan decision based upon the mortgage program for which you apply.
Assuming you are eligible, how much down payment assistance can you expect to receive? This depends on the specific down payment assistance program for which you apply.
For details, please call Luisa Han at: 480-363-9488 or toll free at: 877-538-9833.
Although there are a number down payment assistance programs available, some may require you to be a what is described as a "first time" home buyer, but you need to understand that a "first time" home buyer as it applies to some programs is defined as "an individual who has not owned a home within the last 3 years." Thus, if you previously owned a home and sold it say, 5 years ago, and have rented an apartment ever since, you may be eligible for this particular down payment assistance program if you meet a few additional requirements.
What exactly are these additional eligibility requirements? They include:
- Purchasing a 1-2 unit home in Pinal County, Arizona
- Not exceeding home purchase price limits and family income limits
- Meeting all additional lending guidelines based on the mortgage program for which you have applied
How will a lender verify whether or not you have owned a home within the last 3 years? Simply put, you will need to provide the last 3 years of Federal Income Tax Returns, and any other information necessary for the lender to render a loan decision based upon the mortgage program for which you apply.
Assuming you are eligible, how much down payment assistance can you expect to receive? This depends on the specific down payment assistance program for which you apply.
For details, please call Luisa Han at: 480-363-9488 or toll free at: 877-538-9833.
New $100 down payment FHA & HUD home buyer incentives makes homeownership more affordable. 
The FHA 203k mortgage can be used for the rehabilitation and repair of 1-4 Family, owner occupied, properties.
Did you know there are still some great mortgage programs available to first time home buyers?