Home Buying in 85308>Question Details

Slbigelow, Home Buyer in Peoria, AZ

Is there currently any down payment assistance programs available for a widowed female over 55, first time home owner, in the glendale area?

Asked by Slbigelow, Peoria, AZ Sun Aug 21, 2011

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Yes there are. Depending on income. I have a disabled client in process right now if we can help let us know. Greg thetirkhillteam@gmail.com
1 vote Thank Flag Link Sun Aug 21, 2011
Jeff laid out the common loan programs and seller paid concession that can be included in an offer.

The loan program that Chris mentioned is available from select lenders with a 1% down payment. Give one of us a call and we can make the introductions once we fully understand your situation.

Loren Hoboy-Buyer's Agent
623-688-0044
0 votes Thank Flag Link Sat Oct 8, 2011
I recently found out about this HUD-1 program availble through some lenders where a person qualifies for a down payment up to 10k and FHA loan. How this works is that the lender provides a down payment of up to 10k that starts repayment in 5 years and then they qualify you for a 203 B FHA Loan.

Its a pretty slick program, call you mortgage broker and ask them if they work with any lenders that are familiar with the program.

Regards,

Chris Hutchinson
Realtor
The Chris Hutchinson Team
The Michael Group
972.809.0607
http://www.chrishutchinsonteam.com
0 votes Thank Flag Link Sat Oct 8, 2011
Dear SL:

The government stimulus down payment programs like yourwayhomeaz.com have dried up. The first time tax credit program is over.

There are still 0% down USDA loans available in cities classified as rural such as Buckeye and Anthem. For veterans, %0 down is available. Maybe someone in your family would qualifiy.

Seller's are often paying the buyers closing costs. An FHA loan is 3.5% down. A Fannie Mae loan is 3%. Talk to you lender and Realtor for more information.

Let me know if you have other questions.

Jeff Masich, Realtor
HomeSmart Realty
Scottsdale
Web Reference: http://ArizonaHomesLand.com
0 votes Thank Flag Link Mon Aug 22, 2011
While you would to come in with your down payment money, the seller can contribute to your other closing cost. I work primarily in the Glendale/Peoria area and can put you in touch with a lender that can answer those questions for you.

Feel free to contact me.
0 votes Thank Flag Link Sun Aug 21, 2011
There some great values in Glendale and many banks are paying for closing costs. I recently closed one n the area. You would need to see what programs are available with a qualified and licensed lender. I know a great lender close to that area that will provide the information you need.

Feel free to log on my site and or contact me and link directly to my lender.

Regards Lucinda
0 votes Thank Flag Link Sun Aug 21, 2011
Good morning! There are some no money down programs such as the VA and USDA loans available. You need to be a military veteran of course to qualify for the VA loan and the USDA loan is restricted to only certain areas/cities. You can check the eligibility of a particular home for USDA on our site or on USDA's website at
http://eligibility.sc.egov.usda.gov/eligibility/welcomeActio…

We also offer the FHA loan with down payment assistance which allows you to put 1% down instead of the standard 3.5%. Feel free to contact me and my team if you have any further questions or would like to get started on a pre-approval.
0 votes Thank Flag Link Sun Aug 21, 2011
Hi - There are a couple of other options related to properties owned by the VA and by HUD. Many times these properties have special financing programs requiring a lower down payment. I recently assisted a buyer purchase a home from the VA with NO MONEY down. Please let me know if I can be of assistance. We are happy to help. Janis & Dan Ramirez 623 215-8199.
0 votes Thank Flag Link Sun Aug 21, 2011
Try checking out this site for a number of possibilities. Each program may or may not have funding at any given time.
http://www.arizona-dream-homes.com/ArizonaHomeLoans.html

While not available for Glendale, The USDA loans have 0% down. You need to chose a qualifying home in say Buckeye, Waddell, the far west side to Surprise, Queen Creek, San Tan Valley adn other "rural" areas.
http://eligibility.sc.egov.usda.gov/eligibility/eligibilityA…
0 votes Thank Flag Link Sun Aug 21, 2011
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