Zero Down Home Mortgages
Home In 5 Grant Program (5% Down Payment Assistance):
- 30 year fixed rate
- Minimum of 640 Credit Score Receive
- Annual income limit up to $108,920
- 1% additional down payment assistance for VA, Teachers, US Military and First Responders
- Purchase anywhere in Maricopa county
- Buyer must occupy the Home they purchase
- Must use Participating lenders ( Call for List )
- Must complete home buying class
Chenoa Fund Rate Advantage (3.5% Second Mortgage):
- Minimum 640 Credit Score
- Debt-to-Income Cap at 50%
- No Down Payment or 3.5% Second Mortgage
- No Cash Reserves Requirement
- Home must be located in a low-income census tract
- one of the borrowers must be a first-time home owner
Home + Plus (Receive up to 5% Down Payment / Closing Cost Assistance):
- Minimum 640 Credit Score
- No Maximum Purchase Price Requirement
- Debt-to-Income Cap at 45%
- No First Time Buyer Requirement
- Maximum Qualifying Income $109,965
Arizona HFA Preferred (Receive up to $16,926 for down payment):
- Minimum 640 Credit Score
- Maximum Purchase Price $371,936
- Debt-to-Income Cap at 45%
- No first time buyer requirement
- Maximum Qualifying Income $92,984
- Can Buy Anywhere in Arizona
Open Doors Grant Program (Receive up to $15,000 for down payment):
- Minimum 640 Credit Score
- Income Requirement – Household of 3 – $45,300 / Household of 4 – $50,000
- Home Purchased Must Be Located In Phoenix, AZ
- Must Complete An 8 hour Class
- Buyer Must Contribute $1000 of Their Own Funds
- Maximum Loan Amount Up To $180,000
Pathway To Purchase (Receive up to $20,000 for down payment):
- Minimum 640 Credit Score
- Maximum Purchase Price $371,936
- Debt-to-Income Cap at 45%
- City restrictions: Arizona City, Avondale, Buckeye, Casa Grande, Coolidge, Douglas, El Mirage, Fort Mohave, Goodyear, Huachuca City, Laveen, Maricopa, Red Rock, Sierra Vista, Snowflake, Tucson, and Yuma
- Maximum qualifying income $92,984
USDA Rural Loan Program (No down payment required):
- 100% financing, no down payment required.
- Flexible credit guidelines
- No maximum home purchase amount
- Must purchase in the rural development areas
VA Loan Program – A Zero Percent Down Loan For Our Country’s Veterans:
- 0 down, No down payment required
- No monthly mortgage insurance
- Purchase up to $548,250 in Arizona
- Must apply for a Certificate of Eligibility
Give us a call today to find out if you qualify for any of the above loan programs TODAY!!
Credit Score 500+ or No Credit Score:
Low Credit Score Loan Program
- Down payment of 10% with lower than 580 credit score
- Perfect rental history for 12 months
- No more than 2 late payments on car loans or mortgage within 30 days
- Must have income to quality
Foreign National or Non-Permanent Resident Alien Loan Program:
- Purchase price up to $1,000,000
- Maximum loan-to-value 75%
- No Credit Score Needed
- Verification of two years or earnings or bank statements
- Purchase primary, second home or investment property
Give us a call today to find out if you qualify for any of the above loan programs TODAY!!
Stated Income & No Income, Verified Assets Program
The One Bank Statement Program (Available But Change Daily):
- Borrower must be Self Employed or 1099
- Most recent personal account’s bank statement
- Income is ATTESTED to and DECLARED
- 700 minimum middle Credit Score
- 25% Down Payment
- Maximum loan amount of $3,000,000
- Rates starting in the low 5’s
- Reserve funds are not required
- Cash out is unlimited
No Income, Verified Asset Program (Available But Change Daily):
- 25% Down Payment
- Maximum loan amount $2,000,000
- Minimum credit score 560
- Income and employment not verified
- No reserve requirement
- Designed for experienced real estate investors
Give us a call today to find out if you qualify for any of the above loan programs TODAY!!
Low Interest Investor Fix and Flip Loans:
- NO minimum FICO required
- 15% down payment
- 3-60 months, interest only
- From 8.0%* APR 8.20*