Need help with the down payment for your home? maybe we can help!

 

For many people, saving the money for the down payment necessary to buy a home can be one of the most difficult parts of their entry into homeownership.  

Through my friends in the mortgage business we have access to several programs that may help you with some of the dollars needed for you to buy your family home.

 

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Additional Assistance

Down Payment Assistance Matrix

You can download the information on these down payment assistance programs by clicking on either image. These programs are subject to change at any time. 

Home in 5 Down Payment Assistance Program

Down Payment Assistance Programs

The number of down payment programs can fluctuate because there are federal, state, county, municipal, and private down payment grant programs available.

Some down payment programs have budget limits, some have expiration dates, but new programs get introduced on a regular basis. 

Each program and participating lender may have different credit score requirements, income levels, etc. It’s best to review all factors in qualifying for down payment money.

Our partner mortgage company loan officers can discuss these different programs and find he right program for you.

Many types including FHA, VA Loans, USDA, HERO, HOMEPLUS, HOMEPATH and most Conventional loans.

Most of the programs offer between 3-5% that can be applied either towards the down payment and/or closing costs.

Most of these programs offer forgivable loans where you pay no interest and no payments towards the loan. The loan becomes a second mortgage that just falls off at the end of a specified time.

The down payment assistance programs offer loans for particular zip codes in several cities, in the Phoenix Metro area the Cities are Phoenix and Glendale. 

There are limitations as to the price of the home, and you need to make less than $93,000 annually on some programs and as high as $109,000 on other programs. You need to have a minimum FICO score between 620 and 640 on most of the programs.

If you would like to know more about these programs please reach out to me and I will help you. 

 

 

Testimonials

I have had the pleasure of working with Peter Hudson for several years in various capacities and have the utmost respect for him. Peter is extremely professional and is one of the most talented gentlemen I have ever met. I would highly recommend Peter to anyone who is looking to hire someone with impeccable integrity and a wealth of knowledge. 

John M.

Peter has an eye for detail while maintaining a strategic focus on the big picture.  He is extremely professional, punctual, and pleasant to work with. I have always appreciated Peter’s willingness to go above and beyond his job expectations. His ability to bring a team together to focus on a common goal is remarkable. In the time I have worked with Peter I have seen his straightforward style push people to become the best version of themselves.

Annie J.

Peter is an amazingly intelligent professional in sales and marketing. If you choose Peter as your agent he will work incredibly hard, but more importantly, incredibly smart to be your advocate, protect your interests and use many tools. The most important thing about my friend and colleague, who I have known for many years, is that he cares and he uses his expertise to serve his clients.

Cathy C.

I had the pleasure of working with Peter and he was extremely professional in working with internal staff and external clients. Peter was a pleasure to work with and extremely knowledgeable in marketing and sales. He took a consultative approach that met or exceeded client expectations and was always quick to respond, helpful and seeking to expand his knowledge to stay on top of market trends. 

Brian V.

Our nephew and his wife just closed on a house using Peter Hudson. It was a relief for us that Peter took them under his wing. Peter was caring but firmly guided the couple. Once the house was found Peter, with his expert knowledge and understanding, got them a great price. But, he didn’t stop there he watched over all the details to make sure everyone was doing their best for the couple all the way to handing them the key! Nice follow-up Peter.

Duane A.

Peter provided professionalism and diligence to every detail necessary for the sale of our Mesa, Az. residence. 
If the need is presented again, the choice will be the same.

Jon and Belinda S.