.jpg)
From our friend, Ryan Halldorson, comes this week's mortgage update...
Interest Rates improved once again this week. With seller paid down payment assistance programs no longer available, there are still several specialized programs that can still be used to get a buyer into a home with no down payment. VA loans still allow 100% financing. Another program is called the Good Neighbor Program available to Teachers, Police Officers, Fire Fighters and Emergency Medical Technicians (formerly Teacher/Officer Next Door). This program allows a buyer to buy a HUD home (FHA foreclosure) at 50% of the list price with only a $100 down payment. This program can only be used in designated revitalization areas - much of South Phoenix and several other limited spots (type in a zipcodeto see all available areas here: Zip Code Availablity).
Interest Rates improved once again this week. With seller paid down payment assistance programs no longer available, there are still several specialized programs that can still be used to get a buyer into a home with no down payment. VA loans still allow 100% financing. Another program is called the Good Neighbor Program available to Teachers, Police Officers, Fire Fighters and Emergency Medical Technicians (formerly Teacher/Officer Next Door). This program allows a buyer to buy a HUD home (FHA foreclosure) at 50% of the list price with only a $100 down payment. This program can only be used in designated revitalization areas - much of South Phoenix and several other limited spots (type in a zipcodeto see all available areas here: Zip Code Availablity).
More details can be found at http://www.hud.gov/offices/hsg/sfh/reo/goodn/gnndabot.cfm .
For more information call Angela McDonald at (602) 369-6409.
No comments:
Post a Comment