|
|
|
|
 |
|
 |
|
 |
|
 |
|
|
|
Where in Arizona Do You Plan to Purchase a Home?
Residents of Pima County qualify for all mortgage
loan programs, Arizona Homebuyer Solutions
and Pima/City IDA 2008 Mortgage
Loan programs. Residents of other Arizona counties can apply for the Arizona Homebuyer Solutions program.
Are
You A First-time Homebuyer?
If you have never a purchased a home before or you have not owned a home
in the last three years, then you are a first-time homebuyer. Veterans
and those purchasing in a targeted area are considered first-time
homebuyers. First-time
homebuyers qualify for all mortgage loan programs available. If you’re not a first-time homebuyer, you still qualify for the
outstanding benefits of the Arizona Homebuyer Solutions loan program.
|
Programs
at a Glance
|
||
|
Program
Name
|
||
|
Interest
Rate
|
Daily
Priced
Inquire with lender |
5.99%
30-Year Fixed |
|
Second Loan for Downpayment and Closing Costs
|
Up
to 7% of sales price
|
Up to 7% of first loan
Amount
|
|
Downpayment
Assistance Repayment*
|
Second
mortgage payment at 7%
|
Second mortgage payment at 7%
|
|
Recapture
Tax*
|
Not
Applicable
|
Yes
|
|
First-Time
Homebuyer Restriction
|
No
|
Yes
|
|
Income
Limits
|
Varies
by County
|
$66,000 ($70,200 Target)
for household two or less
$77,000 ($78,150 Target)
for households 3 or more
|
|
Maximum
Purchase Price
|
$417,000
|
$374,506
($326,000 FHA)
($457,729 Target)
|
|
Loan
Type
|
Conventional,
FHA
|
Conventional,
FHA,
VA & USDA
|
|
Geographical
Area
|
State
of Arizona
|
Pima County
|
|
Not Required
Strongly Encouraged
|
Not
Required
Strongly Encouraged
|
|
* Click to program descriptions for further information
Terms of Use :: Privacy Policy :: web design by aire design co. © 2004 Family Housing Resources. All Rights Reserved.
0