Did you know that counties have grants available to assist home buyers with the purchase of a home? Currently there is a program in Maricopa County that will give buyers a 5% grant to help with down payment and closing costs. This is free money that does not have to be paid back! There is a very similar program for Pinal County that will provide a grant of 4%! Again, no repayment on this money, it is a grant! To make sure the money is going to people who need the assistance to get in to a property, there are a few qualifying factors. Often times it is cheaper for clients not only monthly, but initially to get in to a house by purchasing through one of these programs than it is to move in to a rental.
If you do not qualify for a grant due to income or another factor, there are two new loan types that you might be interested in. One is a 100% financed FHA loan (no that is not a typo). The other is a 5% down conventional loan with NO MORTGAGE INSURANCE!
Author:Future Client Phone: 480-838-9613 Dated: October 8th 2013 Views: 811 About Future: ...
"She's the best!
Monica has a great personality, a vast knowledge in Real Estate and won't be pushy. Very easy to deal with.
Monica was very professional, informative, polite and dedicated with the sell of our home. She did a great job marketing and going above and beyond to get the home sold. We were so pleased with Monica, we used her to purchase our second home. Also, we have a rental home in gilbert that we are thinking about selling, and Monica will be the first person i call!!
Monica Scott did an amazing job facilitating my needs and finding just the right property. I am looking to purchase a condominium in a historic district and Monica found a complex that I love. No units are currently available, so Monica found an apartment across the street from the condo for me to rent until one comes on the market. I found my realtor, highly recommend!
Monica was always there to show me properties and I was renting back from buyers on my previous house. So I was in a time crunch to find a new place so I could make one move and not get into a lease. She was very helpful and we made multiple offers on properties, but we finally closed by the time I had to move out and get into my new property. She is very good at her job and loves her work and always has something good to say about every choice you make."