First Time Homebuyers in Scottsdale have access to low cost loans with no PMI

A client of mine, who is the daughter of a Texas A & M University couple here in Scottsdale ran across a program for "First Time Homebuyers" that is remarkable.

This individual is a single lady 3 years out of college that works for Boeing as an Aeronautical Engineer.

Boeing is a major employer in Mesa, Arizona.

The highpoints of the "First Time Homebuyer" program are these:

Market Interest rate (in this case 4%)
30 year fixed rate
No points
No Underwriting Fees
3 Months deferred payments
5% downpayment
FICO of 680 and above
Buyers closing costs minimal, appraisal/recording/tax
NO PMI
3 months escrow reserves
Price cap of $417,000

I confirmed this with the Lender and was skeptical. However, after talking with him, this is a for real deal.

So, if you are interested in purchasing property as a "First Time Homebuyer" in Scottsdale, Cave Creek,Carefree, Rio Verde Foothills, this program may be attractive to you. And....there is more yet. The definition of a "First Time Homebuyer" is someone that has not owned a home in 3 years.

Give me a call for further information on how to purchase your next home in Scottsdale, Carefree, Cave Creek, Rio Verde Foothills.

First Time Homebuyers in Scottsdale have access to low cost loans with no PMI

Friday, August 17, 2012

First Time Homebuyers in Scottsdale have access to low cost loans with no PMI: A client of mine, who is the daughter of a Texas A...