Partners Services: Down Payment Assistance

Partners Services: Down Payment Assistance

https://arizona.realestatemortgagegrants.com   

In collaboration with Real Estate Mortgage Grants and Down Payment Assistance, Inc., a 501c(3) non-profit organization. A plan to create 1 million new homeowners.

  • Non-repayable
  • No income restrictions
  • Close withing 30-45 days
  • 56% max debt to income ratio
  • Not limited to 1st time home buyers
  • 58 minimum credit score
  • No bankruptcies or foreclosures in last 3 yrs. 2 yrs may be acceptable if due to loss of income. 
  • Only properties listed on the MLS are eligible for downpayment assistance.
  • Credit assistance for those with credit scores below 580
  • 660 an above credit scores eligible for zero out of pocket at close
  • Zero out of pocket at close for VA & USDA 
  • Other fees apply for credit report, home inspection and appraisal, earnest deposit to homeowner; minimum of $3,000 recommended. 

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