Mini Mortgage Questionaire
Posts By Derek Egeberg
More homes will become available for first time buyers in Arizona with the 90-day anti-flip rule being suspended for one year.
Previously FHA has not allowed any property to be sold for even a dollar more than the original price plus the cost of the improvements until at least 90 days of ownership. That additional holding time had [...]
Yuma, Somerton, San Luis, Flagstaff, Arizona - 928-246-0422
Yes, it is true. $1000 down is all you may need to purchase a Falls Ranch home in Yuma, Arizona.
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$1000 Is All You May Need
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With the media telling everyone that local programs do not exist, most buyer do not know that there are state programs that assist with the down payment here in Yuma, Arizona.
When [...]
Yuma, Somerton, San Luis, Flagstaff, Arizona - 928-246-0422
Yes there is still down payment assistance in Arizona. For those that qualify, the MCC or Mortgage Credit Certificate is still available in Arizona. The MCC program through Housing America works out to be a silent 2nd mortgage that gives 5% of the purchase price towards your down payment and closing costs.
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No Payments or Interest?
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On [...]
Yuma, Somerton, San Luis, Flagstaff, Arizona - 928-246-0422
Yes, you can buy a bank owned foreclosure and the State of Arizona may give you 22% towards your down payment. This program has many qualifying criteria so right up front make sure you work with your lender to confirm you qualify, but the work is well worth the reward.
This program works in all communities in [...]
Yuma, Somerton, San Luis, Flagstaff, Arizona - 928-246-0422
It is official, the Your Way Home Arizona program is now officially open and ready for approved buyers. The state of Arizona has created a program that will allow buyers who qualify to access a grant of 22% of the purchase price if they buy bank owned REO properties.
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What Are The Qualifications?
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These properties must be [...]
Yuma, Somerton, San Luis, Flagstaff, Arizona - 928-246-0422
Yes you really can buy in Somerton, Arizona or San Luis, Arizona with nothing down.
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IGNORE THE MEDIA
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The media sells doom and gloom yet now is a buyers dream with low prices and low interest rates. With the right team of a knowledgeable and committed loan officer and an educated Realtor you can finance 100% of [...]
Yuma, Somerton, San Luis, Flagstaff, Arizona - 928-246-0422
Yuma, Arizona FHA loan limits remain unchanged and now allow virtually every 1st time buyer the opportunity to purchase the home of their choice.
The current FHA loan limit is $271,050 after the minimum 3.5% down payment required by HUD. This number is now significantly higher than the average sales price in Yuma, Somerton and San [...]
Yuma, Somerton, San Luis, Flagstaff, Arizona - 928-246-0422
First Time Buyers can receive State funded Down Payment Assistance in Arizona! There are several non-profit and state agencies that oversee the distribution of funds for these programs.
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State Money is Available for Down Payments
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In general there are programs that will grant up to 5% of the purchase price for eligible 1st time buyers who meet [...]
Yuma, Somerton, San Luis, Flagstaff, Arizona - 928-246-0422
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