How The Home In 5 Down Payment Assistant Program Can Help You Buy Your Phoenix Arizona Home

How The Home In 5 Down Payment Assistant Program Can Help You Buy Your Phoenix Arizona Home


Here Is How The Arizona Home In 5 Down Payment Program Can Help You Buy Your First or Second Arizona Home. 



The Home in 5 down payment assistance program is still strong to help Phoenix, Arizona home buyers buytheir first home or second home in Phoenix and the surrounding areas. The Home In 5 Advantage Program also know as the Home In 5 Down Payment Program has been extended by the Phoenix Mayor Greg Stanton. This down payment assistance program is an expansion of the Home In Five Down Payment Program that was in place in 2012. Funds are still available for you to use that can help you own your new home. 


Home In 5 Down Payment Program In Full Details Via Video




Cities Where You Can Use The Home In 5 Down Payment Assistance Program:



Arizona has a couple of down payment assistance programs that can help the first time home buyers and repeated home buyers buy their first home or second home the Arizona. The only thing you as home buyers need to do is take advantage of this down payment assistance program while it last. 



Is this a scam? 


No.



Trustworthy program? 


Yes.



Is your realtor a free service who represents you in buying your home? 



Yes!



Now let’s get into the details so you can understand the program.



Down Payment Assistance Program Arizona May Gift You Up To $15,000.00 For Your Closing Cost:


  • Home buyers will receive down payment assistance gift money in form of a grant that never has to be paid back to buy your home in 2016.

  • This gift can be used towards all closing cost and towards your down payment.

  • You don’t have to be a first time home buyer.

  • Sell your current home and upgrade to a newer home with this program.

  • FICO restrictions do apply for this down payment assistance program.




Home In 5 Advantage Down Payment Assistance Arizona Program in Detail:


  • Max income cannot exceed $88,340.00 base only. (If you make more with overtime, we do not include overtime. Just your base pay.)

  • Maximum home buyer purchase price cannot exceed $300,000.00.

  • DPA (Down Payment Assistance) only goes up the $271,050.00. (loan amount)

  • Home buyers will pay the difference if the home you purchase is above the FHA loan limit which is $271,050.00.

  • Minimum credit score of 640 is needed for this down payment assistance program.

  • 640-659 credit score, you will receive 3% down payment assistance of the loan amount.

  • 660 credit score and above will receive 4% down payment monies of the loan amount.

  • First time home buyers and repeated home buyers are approved for this down payment assistance program in Arizona.

  • First responders, teachers, military receive an extra 1% on top of the down payment assistance Arizona program listed above.


 


What is a first responders job title to be able to receive up to 5% down payment assistance to buy my home in 2016? 



  • Peace Officers, as defined in A.R.S. § 1-215, certified by the Arizona peace officer standards and training board, and employed full-time as:

  • Sheriffs, Deputy Sheriffs of Counties,

  • Constables,

  • Policemen of Cities and Towns

  • Commissioned Personnel of the Department of Public Safety

  • Personnel Employed by the State Department of Corrections or the Department of Juvenile Corrections

  • Police Officers appointed by Community College District Governing Boards, Arizona Board of Regents or Governing Body of a Public Airport Pursuant to Section 28-8426

  • County Detention Officers

  • Special Agents from the Office of the Attorney General

  • or of a County Attorney

  • including Police Officers employed by a Tribal Police Agency

  • Professional Firefighter, as defined in A.R.S. § 9-901, employed full time as A member of an organized paid Fire Department Emergency Personnel, whose primary responsibility is the care of patients in an ambulance and is employed full-time, to include the following occupations, defined in A.R.S. § 36-2201

  • Emergency medical technician,

  • Advanced Emergency Medical Technician

  • Emergency medical technician I-99

  • Paramedic



Don’t worry Teachers. We have you covered as well for this down payment assistance Arizona program.



As a teacher employed full-time by a state-accredited public school you can receive up to 5% down payment gift funds as well. Using down payment assistance program Arizona to buy your next home and how the numbers look? 



 


Example:


House for sale = $180,000.00 purchase price


660 credit score


$7,069.59 gift goes towards your down payment and closing cost


Estimated payment at current rate of 4.5% (still a great rate)


895.51 – Principal and Interest


45.00- Estimated Ins


100- Estimated Taxes


122.13- Mortgage Insurance


————————


$1,162.64 Total Est Payment



Are you happy with your current home? Would you consider selling your current home and moving up to a nicer, newer home? 


What is My Home Worth





Victor Vic Huerta Headshot
Author:
Phone: 602-615-1947
Dated: May 6th 2017
Views: 231
About Victor Vic: Your Life. Your Dreams. Your Home! #Arizona #realtor & investor. Father. Husband. Honest. Truth. Abo...

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602-615-1947
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