can i buy a home if i have 0 cash and excellent credit with proof of income?

Arline_c
Home Buyer
Casa Grande, AZ

Answers (5)
Elizabeth Carte...
Agent
Casa Grande, AZ

Arline.

There is a down payment assistance program for a limited time in Pinal Conty. Also USDA financing is O down and excellent interest rates. Casa Grande, Arizona City areas also quaify as rural areas for this program.

Also the $8,000 tax credit may apply under certain scenerios toward down payment.

Elizabeth Drew
Prudential One Realty-Casa Grande
(520) 709-0253
sunraisin60@hotmail.com

Sat Jul 11 2009, 09:29
Stew Keene
Agent
Phoenix, AZ

Airline,

There is a lender now that has a 1% down payment program available with FHA financing.

Let me know if you have interest.


Stew Keene
Signature Realty Group

Web Reference: http://www.stewkeene.com
Fri Jul 10 2009, 15:34
Shawna Rains
Agent
Casa Grande, AZ

Hi Arline,

Have you spoken with a lender yet about the USDA program? If that doesn't work a family member could give you a gift so you could go FHA (3.5% down). Let me know if I could be of any assistance.

Shawna Rains
Century 21 All Star Realtors
520-840-0068

Fri Jul 10 2009, 15:29
Stew Keene
Agent
Phoenix, AZ

Arline,

Check new construction.

There are home builders providing new homes for those kind of circumstances.

All The Best,

Stew

Wed Jun 3 2009, 07:23
Benjamin Dusan
Agent
Phoenix, AZ
BEST ANSWER

Hello Arline,

If you are looking to buy in Casa Grande you may be able to get a USDA or Rural area loan and it may be 100% financing.

If that doesn't work the VA is also 100% financing.

If that doesn't work and you do not own any other property and have not owned any other property for the last 3 years+ then you may be able to use your $8,000 tax credit toward the down payment.

If that doesn't work you can get a gift from a family member for the down payment.

As with anything there are a lot of rules and regulations that go along with all of this so you need a great mortgage professional on your side during a purchase.

Please feel free to contact me for further info.

Thanks have a great day.

Benjamin I Dusan
Realtor®
GRI, ABR, E-PRO
Certified Commercial Sales Specialist
Design and Construction Consultant
Keller Williams Realty Professional Partners
623-776-4961 Office
602-486-9388 Cell
888-593-2362 Fax
http://www.BenDusan.Com
mailto:BenDusan@Gmail.com
"Your referrals are the best gift I can receive and I'm never too busy to answer your questions"

Web Reference: http://www.bendusan.com
Wed Jun 3 2009, 06:39

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 51
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback