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Client Success Stories

Arnold

Congratulations on the purchase of your first home!  Thank you for allowing us to be a part of your home buying journey!

#AZFirstTimeHomeBuyers

Dennis & Kristina

Thank you for choosing us to help you with the purchase of your first home.  We wish you many years of happiness and fond momories in your new home!

 #AZFirstTimeHomeBuyers

 
Jason and Tracy

It was a pleasure to help you find your dream home for your growing family!  Thank you for choosing Arizona First Time Home Buyers to assist you. 

#AZFirstTimeHomeBuyers 

Down Payment Assistance

Click the button below to find out if you may qualify for up to $16,588* in Down Payment Assistance Programs in Arizona.  Complete the questionnaire and we will send you a custom home buying plan.  You'll receive a binder with your custom home buying plan, including a list of down payment assistance programs you may qualify for, as well as other useful information, tips and tricks, and education you'll need to get started on your home buying process.  It's that easy!

By HomeSmart

Answers To Your Down Payment Assistance Questions

Q. Where does the money come from?
There are numerous private organizations, as well as city, county, and federal government backed organizations that offer buyers assistance with the finances to purchase a home. The money usually comes from programs who are backed by one of these entities.

Q. Do I have to pay back the money?
Not usually.  Grant money is usually not required to be paid back, where a silent second mortgage will usually be forgiven in stages (usually over 3 years, with 1/3 of the loan being forgiven after each year).  However, if you sell the property prior to the 3 year mark, you may have to repay some or all of the money.

Q. How do I qualify for a down payment assistance program?
Each program is unique, and usually has it's own particular requirements.  Since there are a wide variety of programs available it's impossible to list out all of the various programs, but that's where we come in!  As first time home buying specialists, we will help you determine which programs you may qualify for, and assist in connecting you with the right loan specialists who can help you utilize the down payment assistance programs to purchase your first home.

Q. Do I have to be a first time home owner to use these programs?
Many programs that are advertised as a "first time home buyer program" are not restricted to those who have never owned a home before.  In fact, the actual lending definition of a first time home buyer is someone who hasn't owned a home in the past 3 years.  

Q. Are down payment programs based on my income?
Many programs are designed to assist low to middle income families in purchasing a home.  Often the income limits are based on a chart of median income limits for that particular area.

Q. Are there other ways to purchase a home with little or no money out of pocket? 
There are many ways that you can purchase a home with little or no money out of pocket.  We specialize in helping first time home buyers, and can show you how you can utilize various loan programs, such as VA or USDA loans, as well as creative ways to help you purchase your dream home.

Q. Where can I find additonal information on down payment assistance in Arizona?
Home In 5 Program
Home Ready
Arizona Department of Housing
Housing And Urban Development

If You Are Ready To Get Started...

Simply click the button below.  You'll be taken to a page with a list of questions to help us best determine which programs might be a best fit for you.  One of our first time home buying specialists will call you to go over the information, as well as your home buying wants and needs.  We'll put together a custom plan to help you make home buying more affordable, and even help you get started.  We'll also answer all of your questions and address your concerns.  You'll get a custom binder filled with home buying information, and tips and tricks to help you with some of the common first time home buyer jitters, after all, home buying can be a little scary if you don't know where to start!  We're here to make it safe, easy, and fun, all while educating you about the real estate transaction.  We are your real estate advocates!

Contact Us

HomeSmart
Christopher Eppich
Associate Broker
The Valley Solutions Team
4111 E. Valley Auto Dr., Ste #210
Mesa, AZ 85204
(480) 295-9431
Chris@YourFirstHomeAZ.com

Disclosure

YourFirstHomeAZ.com is operating under HomeSmart, a real estate brokerage.  YourFirstHomeAZ.com and HomeSmart are not a bank, a lender or other mortgage professional.  By submitting your information on this website you agree to be contacted by phone or email by a member of our team, and/or a mortgage professional partner.

We value your privacy. 
Your information is never sold.

*Down Payment Assistance Calculations

Receive up to 5% of the loan amount towards down payment or closing costs assistance.  In Maricopa County, the FHA maximum loan limit, for 2020, is $331,760.  To determine the amount of assistance, multiply the loan amount by 3%, 4%, or 5%.  Down Payment assistance funds are in the form of a forgivable or fully repayable 2nd mortgage recorded against the property.  Other down payment assistance programs exist, buyer(s) must qualify, income limits, and minimum FICO scores apply.
For more information, please call Tammy Richardson at Peoples Mortgage
602-434-7182 or trichardson@peoplesmortgage.com
LO Licensing: AZ LO - 1005291 NMLS# 1906275 
Company Licensing: AZ BK – 0904164 NMLS – 6274 |
Equal Housing Lender

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