FHA allows Yuma area residents and 1st time home buyers zero down options. Yes it’s TRUE!!! FHA loans require a minimum down of 3 1/2% but the FHA guidelines say buyers may either borrower that money from family or obtain a grant from an approved non-profit entity.
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Grant Money Is Available!!!
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Here in Yuma, AZ there are several local entities that one can apply with. Depending on the household income and a qualification process it is possible to have your down payment and even closing costs covered by a non-repayable grant. Each of the various grants will have terms for which the borrower must comply with including a length of time that the borrower must live in the residence.
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Don’t Be Fooled–Mortgages Are Available
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Don’t be fooled by the national media. Mortgages are available and you can qualify for simple government backed 30 year fixed mortgages.
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I look forward to hearing from you about Yuma, AZ down payment grants, FHA Mortgages, and HUD Foreclosure mortgage programs:
Derek Egeberg, CMPS
The “Approval Coach”
Academy Mortgage
928-247-9089
928-246-0422
www.TheApprovalCoach.com
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