Financing
June 2, 2022
Should you pre-qualify for a home loan before looking at homes? Unless you are paying cash, the answer is yes. Buying a home can be fun and exciting. It can also be very challenging if you are not prepared. There are definite steps to preparing your finances for this process, and while it seems like a lot of work, and it can be, it will pay off when you are […]
April 7, 2014
It is a common misconception that all homes qualify for all types of financing. Many buyers wanting to utilize a low down payment mortgage to purchase a home look to an FHA loan because of its 3.5% down payment option. Unfortunately, if buyers are looking to purchase a condominium instead of a single family home, their options can be limited to condos that “qualify” for FHA financing. While the guidelines […]
July 15, 2012
In another sign of economic recovery, Phoenix IDA & Maricopa County IDA have teamed up with Morgan Keegan to bring the Home in 5 down payment assistance program back to us here in the Metro Phoenix market. In 2006 and 2007, the Home in 5 program helped over 2200 families with a 5% grant to be used towards the expenses of down payment and closing costs when purchasing a home. This […]