Buy a Home in Arizona Even Though You Could Not Before - 1% Down Makes It a Reality

You may have come to the point now that you had given up on ever buying a home of your own. When you have little to put down on a home and have been turned down repeatedly, eventually you give up. Now, an amazing program makes it possible for those in a low to moderate income range to buy a home, even if you lack the down payment money typically required.

The America's Home Buyer Solutions Program Arizona is a one-of-a-kind program that allows qualified buyers to purchase a home with only 1% down, or even less if a family member or employer pays this amount in the form of a gift. Here is how it works: Usually, 3.5% down is required to purchase an FHA approved home. With this program, 2.5% of this amount is gifted to you, never to be paid back. This leaves you with only 1% that you are responsible for paying on the down payment. Should a family member provide this amount, you could literally be in your home home for zero down!

Of course, this isn't the only feature of this incredible program that makes it so exciting. Here are a few other facts that will get you motivated again about purchasing a home of your own:

Seller is encouraged to contribute up to 6% of the selling price, which can be used for prepaid expenses such as closing costs.

Income limits are generous; how much your income is limited to in order to qualify is based on the county you live in.

Even if you own the home you currently live in or have owned a home in the past, you can still qualify.

Unlike many other programs of the past, you are not limited to buying a single family home. As long as the property is Arizona FHA approved, you can buy a duplex, condominium, homes that house up to 3 or 4 families or even a town house.

No pre-payment penalties should you pay off your loan early, and co-signers are okay as well.

A minimum FICO 640 credit score is required.

Interest rates are competitive.

Absolutely no strings attached.

Usually when something sounds too good to be true, it is. In this case, there are no gimmicks behind the scenes for you to worry about. This is a legitimate, straight forward program that is offered only by The Lending Company. If you've been wanting to buy a home of your own but could not come up with down payment money, it's now or never.

Are you going to learn now if you qualify, or sit back and watch this opportunity pass you by?