Pinetop White Mountain Blog

Good Afternoon Everyone,

There is good news for the Arizona Home Buyers, down payment assistance is back.  Thanks to Stimulus Money Arizona has a new program to help residents achieve their dream of Homeownership.

The program is call:  YOUR WAY HOME AZ HOUSING PROGRAM

The best part of this program is that it is open to any buyer, not just First Time buyers.  The Arizona Dept. of Housing will offer up to 22% in Down Payment Assistance to qualified buyers who are purchasing a foreclosed property.  Is this great news or what?????

The qualifications are pretty simple.

Must be a Primary Residence

3% Down Payment (2% of which can be a gift)

Have 2 months Reserves

Property must be a foreclosure and vacant

Maximum Purchase Price of $346,250.

Must meet income/credit Requirements

Will need to complete a Home Buyer Education Class

To get started, contact a lender and ask them if they are an approved "Your Way Home Approved Lender"?  Once you find the right lender you are on your way.  There are still plenty of homes that will qualify for this program on the market so don't miss out on this great opportunity.

For you First Time Home Buyers, don't forget there is still time to find your new home and qualify for the $8000. tax credit.  This is free money from the US Government.  Just think what you could do with an extra $8000.  Time is running out though, the sale must close escrow before December 1, 2009 so don't wait, move today!

Give us a call and let us help you find that perfect property.

Sandra & Bruce Paulow, Your High Country REALTORS®

(928) 242-0300