Purchase Assistance Money To Buy A Home

Limited amount of funds available!!
The Arizona Department of Housing (ADOH) will offer 22 percent in purchase assistance to qualified home buyers purchasing an eligible foreclosed home in the State. ADOH provides help in the form of a deferred second mortgage loan for purchase assistance. All loans are zero percent interest with no monthly payment.
QUALIFICATIONS
Eligibility for the purchase assistance is based on a variety of factors
1.) The household must have a gross income (the total income before taxes, health care costs, social security, etc.) of no greater than 120 percent of the average median income for the county they want to purchase a foreclosed house in.
2.) If you own a residence, you must be leasing your primary residence at least 12 months before applying for the program.
3.) Attend and complete an eight-hour Home buyer Education Class.
4.) MUST be your primary residence.
5.) Maximum debt-to-ratio is 31/43.
6.) Foreclosed properties only. One unit detached single family homes, condos and town homes.
7.) Minimum of 3% down payment, 1% must come from borrower's own funds.
HOW DO I START?
Once you have determined you may be eligible for the ADOH program, contact me at 480-813-0970.