THESE HOMES GO UP TO $375K ASSUMING $80 HOA PER MONTH AND HAVING $2200 IN PROPERTY TAXES PER YEAR, and the proper amount of Mortgage Insurance has been calculated. We have three lenders; two of them are mortgage brokers and one is a mortgage banker that we can use to qualify you for a 3% Conventional loan which is less out of pocket than a 3.5% Down FHA loan. The Home Ready and Home Possible programs are for people that have an income up to $62,500 per year (1 or 2 household incomes combined). If the single or combined income is more than $62,500 a year, then a higher credit score will be needed to qualify for a conventional loan. If you have a credit score under a 680 FICO, then the current market interest rates can be had with an FHA loan and will still work well for all NEW BUILDS. However, if going the RESALE ROUTE, then it is imperative to qualify for a CONVENTIONAL LOAN to get a resale Under Contract. For more details, please contact us at 480-999-6061 or you can email us at firstname.lastname@example.org
If you can save your 3% Down Payment of ($9,750 based on $325K) for a 3% Conventional loan, then for the same payment of $1838.66 a month, with a low interest rate of 3.375% with a 45% Debt To Income Ratio, CLOSING COSTS PAID BY THE LENDER, a minimum 680 FICO credit score, YOU ARE GOOD TO GO! If you are going to pay for your closing costs, then the rate will drop by 0.5%! 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 West Valley cities of Avondale, Buckeye, Glendale, Goodyear, Peoria, Surprise, Tolleson, Waddell, and Wittmann for single family detached homes that are best for the Home Ready and the Home Possible conventional loan programs. 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. These are homes that are (single-family detached) from $250K up to $375K.
We do have direct connections to the NEW HOME BUILDERS and their loan officers to see if you want to AVOID the racket of over-bidding on homes that are 15 years old or older that will need $20K to $30K in upgrades on a FIRST COME-FIRST SERVE BASIS WITHOUT A LOTTERY OR A WAITING LIST! YOU MAY ALSO QUALIFY FOR THEIR CLOSING COST CONCESSIONS THAT THESE NEW HOME BUILDERS ARE GIVING TOO!!
TO VIEW MORE LISTINGS, CREATE YOUR SEARCH BY USING THE ADVANCED SEARCH TAB AND SELECT ANY OF THE WEST VALLEY CITIES THAT INCLUDE SINGLE FAMILY HOMES DETACHED; AND PRICES FROM $250K UP TO $375K!
These are most of the communities in the West 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.
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