08/01/2024
Down Payment Assistance Programs are back!
First, the funding sort of fizzled out. Then the market was so hot over the last few years that sellers would often skip over them for more favorable terms from cash or higher qualified buyers.
Now, they're back! And you've got options! Just in time for buyers to be able to take full advantage. Right now, sellers are more than willing to contribute towards a buyer's closing costs to make the deal even sweeter.
I have some first-time home buyers purchasing a $425,000 remodeled 2,200 sf 4-bedroom home in El Mirage where we were able to secure 3% seller credit to buy their rate down to 5.8%. Their total out of pocket downpayment with closing costs is going to be less than $7,600.
Reach out to Marian Matache if you are interested in more info.
Home Plus is the program we will be discussing in this blog. Call our #1 preferred Loan Officer, Marian Matache with Mortgage in AZ, LLC and he can get you started with the correct Down Payment Assistance Program for you - Mortgage in AZ, LLC (amortgagez.com). Achieving the dream of homeownership in...