How to get a Home Mortgage with a 500 Credit score! New Podcast episode!

/

IMaybe you don't have the best credit, but you want to buy a home sooner rather than later. Well this episode I talk with Josh Culver of Peoples Mortgage that could get you into that home with a credit score as low as 500!

Josh can be found online on Facebook at  https://www.facebook.com/JoshCulverMortgageLoanOriginator  or Instagram  https://www.instagram.com/jculverresidentialmortgagelo/ 

As always, you can find me at  https://www.phoenixrisingrealty.com/ for any Real Estate or Insurance needs here in Arizona.


How to Protect Yourself from Wire Fraud - New Podcast Episode

/

New episode of my podcast is up - this is with Mary Van Alstyne of Landmark Title Assurance Company about how Homebuyers can protect themselves from Wire Fraud when buying a home.

Home in 5

/

Another Down Payment Assistance program for ANY home in Maricopa County is "Home in 5".

The goal of this program is to help homebuyers obtain FHA, VA, or USDA-RD loan financing to purchase a home anywhere in Maricopa County, including the city of Phoenix. Through the Home in Five Advantage program, individuals or families who qualify would be able to obtain a 30-year fixed rate loan, with a non-repayable down payment/closing cost assistance grant, with special incentives for qualified United States military personnel.

Financing for these loans is available on new or existing homes, condominiums, and townhouses on a first-come, first-served basis.

PROGRAM ELIGIBILITY

  • Homebuyers may purchase a home anywhere in Maricopa County, including in the city of Phoenix.
  • Buyers must occupy the home as their principal residence within 60 days of closing.
  • The program may only be used to purchase a home (i.e., no refinancing).

INCOME LIMITS FOR ELIGIBLE BORROWER

Maximum credit qualifying income may not exceed $88,340 for ALL borrowers.

PURCHASE PRICE LIMIT

Maximum purchase price limit of $300,000.

SPECIAL INCENTIVES FOR QUALIFIED UNITED STATES MILITARY PERSONNEL, TEACHERS, FIRST RESPONDERS, FIRE FIGHTERS, EMTS, AND SOME PRISON WORKERS

  • Down payment/closing cost assistance of an additional 1% for a maximum of 4.5%.

“Qualified United States Military Personnel” includes Qualified Veterans, active duty United States military, active United States Reservists, and active members of the National Guard. A “Qualified Veteran” is a person who served in the active military, naval, or air service, and who was discharged or released under conditions other than dishonorable (as provided in 38 U.S.C.Section 101).

DOWN PAYMENT ASSISTANCE

  • All homebuyers qualifying for down payment assistance will receive a maximum of 4.5%. of the original loan amount to be used for down payment and closing cost assistance.
  • Qualified United States Military Personnel, Teachers, First Responders, Fire Fighters, EMTs, and some Prison Workers will receive an extra 1% DPA grant.
  • THIS ASSISTANCE IS A GRANT AND DOES NOT REQUIRE REPAYMENT.