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Next month Arizona first-time homebuyers will get a little help purchasing a foreclosed home in the form of down payment assistance at the closing table.
Several communities in the state have received a piece of more than $121 million from the Neighborhood Stabilization Program, which is intended to reduce the inventory of foreclosed homes on the market.
Not everyone can use this program; there are income limits and qualifying requirements. This is the first of a series of articles about how 10 of our communities will be using the money, and how to find out if you can use it.
For more info: yourwayhomeaz.com/arizona.aspx
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I can help you to finance the home that you have always dreamed of, and the best part is that you may only have to pay 1% as a down payment in order to qualify for The America's Home Buyer Solutions Program. Buyers must use the 2.5% down payment assistance (amount gifted from a non profit) as a down payment on an FHA first mortgage that normally requires 3.5% down. The seller can contribute up to an aditional 6% for closing costs and pre-paid items for the buyer. The genorous income limits for this program will vary from county to county. The America's Home Buyer Solutions Program is not just for first-time home buyers and this program applies to any FHA approved property that will be owner-occupied. The America's Home Buyer Solutions Program is being offered exclusively through The Lending Company. The Lending Company is a direct endorsed U.S. Housing and Urban Development lender and offers excellent interest rates and flexible loan approval guidelines. Call me direct at 636 236 6577 if you have any questions
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