• 5% grant (6% grant for veterans and military) can be used for loan closing costs and down payment.
  
• The grant never needs to be re-paid and there is no recapture tax of any sort upon the sale of the property.
• There is no requirement for a first time home buyer - just this has to be the primary residence.
• This program can be used in conjunction with a FHA, VA, or USDA loan (cannot be used on a conventional loan).
• Min credit score of 640 and maximum income $88,340.
• The current rate for this program is a 3--year fixed at 3.75%.
• There are normal closing costs plus a mandatory 1% discount, 1% origination, and $460 in program fees.
• Price of the home must be less than $300,000.

Please call Steffy at 480-966-9353 to set up a home search for you.