Here are some things to keep in mind when browing homes in Arizona:

• The credit amounts to 10% of the purchase price of the home not to exceed $8,000
• A Phoenix first-time homebuyer is defined as someone who has not owned a home in the last three years
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit of $8,000
• The tax credit is non refundable if owner occupies the home for at least 3 years

Through Family Housing Resources (an AZ & HUD approved non-profit agency), home buyers may be able to receive a 2% down payment gift and therefore reduce their 3.5% down payment FHA requirement to only 1.5%. This 1% may be gifted by relatives, be a loan from relatives or be paid by the home buyer. It may not be paid by the seller or builder in the form of closing cost assistance. If the home buyer qualifies for the $8,000 first time homebuyer tax credit, they could potentially pay back a family gift early in 2009 with their tax refund.

• Properties are not limited to a specific location or target area
• AZ Home Buyers do not have to be first time homebuyers
• Income limits in Maricopa & Pinal Counties are $73,830/year, regardless of family size (call for info on other counties)

Home Buyers may not own any other properties at the time of closing

• 1 and 2 unit properties allowed, purchases only
• Buyer education class required if Arizona first time homebuyer
• Interest Rate buy-downs are allowed
• Sellers may contribute up to 6% for closing costs/prepaids
• No co-signors (non-occupant co-borrowers) allowed
• We will lead you through every step of the Phoenix home buying process.
  
• We will help you define your "wish list" of features you want in your Phoenix home, your neighborhood and your school district.
   
• We will walk you through the  financial details associated with buying a home in Phoenix, and make sure you choose a loan program that is right for you.
   
• We will monitor all new Phoenix Real Estate listings that hit the Arizona MLS, alert you and schedule a viewing.
   
• We will eliminate the stress involved with buying a home by putting our years of Phoenix real estate experience to work for you.

Finding the perfect Arizona Home For Sale  is our business. 

If you have wanted to purchase a home and invest in the Phoenix Real Estate Market, but didn't think you could afford it, qualify for a loan, or have the money for a down payment, think again! There are many programs available and closing cost assistance is still a way for buyers to keep some extra cash in their pocket...why keep paying rent when you can start the path to own a home today?!  We have the sources to get our clients into their Phoenix dream home, at prices we guarantee will not be around for long. With the current Arizona Real Estate market showing a substantial property value decline, you the Phoenix homebuyer can purchase just like the investors do, thousands below market value.