Who is a first time home buyer? A first time home buyer is defined as an individual, who has not had an ownership interest in a home within the last three years. If you fit this definition, you might be eligible for down payment assistance.
Arizona down payment assistance programs have no seller conditions or contribution requirements. The only requirement to satisfy government assistance housing guidelines is that your family income must meet the stipulated minimum, which varies according to the number of your dependents and the median income for the area in which you intend to purchase.
To find out if you are eligible to receive First Time Home Buyer financing you must first work with an approved lender. The following is an overview of what to expect when working with a lender.
Arizona First Time Home Buyer does not lend money directly to consumers. We use approved private lenders to qualify consumers and make all mortgage loans. The rates consumers pay could vary depending on program criteria.
For more information, please contact us at 602-500-7727.