Arizona HUD Homes, Government Foreclosures in Phoenix Arizona, VA homes, bank foreclosures
Purchase this Large Gilbert Home for ONLY $100
Down!*
Plus at closing receive back $1,000 from
HUD. 1st Time Home Buyers may also qualify for an $8,000 tax
credit!*
This 5 Bedroom Phoenix Home is listed for
sale at only $35,000, with ONLY $100 Down to Buy!*
To qualify for the $8,000 tax credit, you
must close before December 1, 2009 on your home.*
A $99,500 DEAL!!
This 3 bedroom townhome sold for
$114,500 in 2006. HUD currently has it listed for sale at only
$15,000! Email us for more info!
$45,000 In Free Grant Money To Buy a Foreclosed Home
The State of Arizona is
currently handing out $121 million in federal funds to buy
bank owned homes. The program was put in place as a result
of the 2009 economic-stimulus package. The goal is to help
people buy foreclosure homes, fix them up and stop the
overall slide in home values.
Each city has different
guidelines, but a few work this way -- Program provides
up to $30,000 for the down payment, up to $5,000 for
closing costs and up to $10,000 for home repairs. This
is in addition to the $8,000 tax credit program -- where
the funds also do not need to be paid back.
Here are just a few of the
important details regarding the Neighborhood
Stabilization Program:
If you own a residence, you must be leasing
your primary residence at least 12 months before
applying for the program.
You must use a participating lender-- email me for a list of approved lenders as
there are only a few in the Valley.
The property you purchase must be your primary
residence.
You must have a maximum debt‐to‐income
ratio 43% or less.
You can use any type of financing with the NSP
program – including paying cash. That means you can
still get up to 22% of the purchase price even if
you pay cash for the house.
Neighborhood Stabilization
Program Purchase Price Limits:
For Maricopa county the maximum purchase price of the
home is $346,250.
Neighborhood Stabilization
Program Income Limits: Income limits range from
$55,350 for a single individual to $104,400 for a family
of 8 or more.
Neighborhood Stabilization Program:
Up to 22 percent of purchase price is provided
under this grant program and are structured as a 2nd
mortgage on your new home.
All loans are forgivable after a period of
time based on the amount of the loan. * 5 years
for assistance of $15,000 or less * 10 years for
assistance of $15,001‐$40,000
* 15 years for assistance of more than $40,000
All loans are zero percent interest with no
monthly payment.
The balance of the loan is forgiven at the
completion of the term.
Please email or call me for
more details concerning this exciting new program.
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