Looking to buy a home in Arizona and need financing? I can refer you to a lender today. There are different options out there for buyers, and some offer a small down payment.The FHA home loan is a type of mortgage that has traditionally been used by many homebuyers to purchase a home with a smaller down payment. In fact, the minimum down payment on an FHA loan is still just 3.5% and all of those funds can be gifted from a family member for the purchase of a home. However, there is now a new program that can be used in conjunction with an FHA mortgage to put as little 0.5% down payment on a new home. The minimum down payment has not changed for the FHA program, but you can now obtain a second mortgage for 3% of the value of the home, leaving just 0.5% down payments to be paid by the home buyer. Here is how it works. A home buyer will be qualified for a standard FHA mortgage for 96.5% of the value of the home. They will then also be qualified for a 3% second mortgage, which is not an FHA loan and does have an interest rate of 8% currently. Then the remainder .5% is provided as down payment by the buyer. For someone who does not have the full 3.5% to put down for the purchase of a new home, this program provides an option to put a smaller down payment right now and then work to pay off the small 3% second mortgage on the home. With home prices and interest rates rising, this is a program that can make sense for someone who has not yet saved up the full down payment needed for a home purchase. CALL COURTNEY RAMIREZ TODAY FOR YOUR REAL ESTATE NEEDS. 520-252-9640. Click my link below these photos to browse #Arizonahomesforsale, or get a free home valuation.
"How fast did your agent respond to your questions: 5 out of 5
How well did your agent use technology: 5 out of 5
How helpful was the support staff: 5 out of 5
How good was the auxiliary services we recommended: 5 out of 5
How did the closing go: 5 out of 5
How close did we meet your expectations: 5 out of 5
How likely are you to recommend us: 5 out of 5
Services used: Buy
How did you find us: Internet Search
Your most memorable moment
When, after looking at many, many possible properties, he took us to the home we purchased and made that experience go so smooth.......we needed to close in 3 weeks, which we did, and he walked everything thru quickly and all went simply great. We also had Mark Ulloa help us buy a small house so our kids could live close to us. This also was done expertly and with ease. I couldn't think of any other Realtor who could have handled our needs any better.
The moment you'd rather forget?
No. His is always on time, prepared and professional...........what more could you ask for.
We met Mark Ulloa from online ads and were trying to start the looking/buying process ahead of coming to Casa Grande to buy a house. He worked with us for many weeks, and when we came to the area and met with him, he had 5 days filled with possibilities. We were so pleased with his ability to listen and try to find what we were looking for. We did so on the 5th day. He put it all together within the 3 week time for closing etc. We couldn't have had a better experience. We have purchased homes in other states before much like this one, and can honestly say this was our best experience yet. We highly recommend Mark Ulloa and know he will give you the best service.
Not at this time, but always tell people about Mark Ulloa and our good experience with him. Thanks Sharon Logan"