THESE HOMES ONLY GO UP TO $300K TO KEEP THE MONTHLY PAYMENTS AT JUST UNDER $1800 A MONTH OR BELOW ASSUMING $80 HOA PER MONTH AND HAVING $1500 IN PROPERTY TAXES PER YEAR. THESE CALCULATIONS ARE BASED ON A 3.25% INTEREST RATE FOR 30 YEARS, ON AN FHA LOAN, AND THE LENDER GRANTING THE 3.5% DOWN PAYMENT TO THE BORROWER. We have three lenders; two of them are mortgage brokers and one is a mortgage banker that we use to give you the best programs for Down Payment Assistance. We have evaluated their regulations as far as loan forgivability meaning how long do you have to live in your home before you can sell or refinance. Some of them you must live in the residence for a minimum of 3 years before the Down Payment Assistance grant is forgiven, others can be longer. Also, some of the Down Payment Assistance grants can have a considerably higher interest rate than the primary, 96.5%) first mortgage. Other 3.5% Down Payment Assistance grants can have the same interest rate as the primary 96.5% first mortgage. For more details, please contact us at 480-999-6061 or you can email us at email@example.com
If you can save your 3.5% Down Payment for a normal FHA loan, then for the same payment of $1767 a month, your purchasing power goes DOWN by $90.00 because of a lower interest rate of 2.75%! Keep in mind that your actual interest rate will depend on your credit scores, Debt to Income ratios, your gross monthly income, and your job or income stability.
Our website features the East Valley cities of Tempe, Mesa, Chandler, Gilbert, Queen Creek, San Tan Valley, Apache Junction, Gold Canyon, and Florence for single family detached homes and townhomes that are best for Down Payment Assistance. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor’s database every 15 minutes. There are many communities in the East Valley cities where the prices are still quite reasonable in reference to Rentals. The homes that are from less than $150K may or may not be acceptable to FHA certification, so please keep that in mind. A few of these homes may need work, can be fix and flips, or can make great rental property investments. These are homes that are (single-family detached and townhomes) up to $300K.
TO VIEW MORE LISTINGS, CREATE YOUR SEARCH BY USING THE ADVANCED SEARCH TAB AND SELECT ANY OF THE EAST VALLEY CITIES THAT INCLUDE SINGLE FAMILY HOMES DETACHED AND TOWNHOMES; AND PRICES UP TO $220K!
These are most of the communities in the East Valley Cities: You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.
Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!
Considering selling or refinancing your home? Get an INSTANT property valuation now!
href="/member/contact/">Contact us today to find out how we can be of assistance to you!
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.