FHA Gives Yuma 1st Time Buyers Zero Down Options

Posted by Derek Egeberg
February 27, 2009

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:

derekDerek Egeberg, CMPS
The “Approval Coach”
Academy Mortgage
928-247-9089
928-246-0422
www.TheApprovalCoach.com

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FHA Mortgage

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