Why rent when you can own a home?
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Why Rent When You Can Own?
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The city of Phoenix offers a homeownership assistance loan of $15,000 (no-interest loan and no monthly payments) toward the purchase of:
A newly refurbished single-family home located in established neighborhoods that has been renovated by city of Phoenix program partners for sale to NSP eligible homebuyers through the -Move-In Ready Program- To be eligible: - Must have a good credit history and able to qualify for a 15- or 30-year fixed rate mortgage loan - Not be on title on any residential property (you do not have to be first-time homebuyer) - Must be a legal U.S. resident - Able to contribute half of the home's required cash down payment or a minimum $1,000 - Take a 2 hour one-on-one credit counseling and an 8 hour homebuyer education class ** - Total household income does not exceed the maximum income guidelines listed below:
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Posted at 02:41PM Dec 09, 2010 by Louisa Ward & Robyn Viktor in General | Comments[0]
