Neighborhood Stabilization Program

Home Down Payment and Closing Cost Assistance

It' called MONEY - to help you buy a home - Yipee
 

May 2009:  Phoenix just received $39,478,000 in federal funds to help families purchase a home in the city of Phoenix.  For a first time homebuyer, this down payment assistance comes in the form of a $15,000 zero interest loan that is repaid when the house sells or borrower refinances. 

Homebuyer Requirements

Primary Residence

First Time Homebuyer (has not owned a residence in three years)

Combined with a FHA loan will result in 100% financing

Property Requirements

Single Family Detached, Eligible Condos, and Town homes (no condo conversions)

Must Meet HUD Housing Quality Standards

Must meet FHA property eligibility standards

Foreclosure property lender owned (no short sales)

Sales Price 15% below appraisal value or more

Must Purchase 3 year home warranty contract

Contact me for more details!

This information comes from Julie Messina, CMB
CNN Mortgage, Scottsdale

602-819-1359 phone

480-907-3087 fax

Well more good news!!!!!
We are really doing well sales are strong, here is the update as of May 18, 2009

Please remember to call me, as I - Specialize in Scottsdale homes for sale and the Maricopa County real estate market. Stop here, you have found your realtor resource for buying and selling your next Arizona home. With expertise in realty for both purchasing and listing properties in Scottsdale, Mesa, Las Sendas, Biltmore, Rio Verde, Troon, DC Ranch, Casa Grande and all surrounding Maricopa County, AZ areas, you have found the right resource for all of your real estate needs. Whether you are looking for a new Rio Verde property or Mesa land, or you are in the preliminary stages of a Scottsdale real estate search, you have found the best in professional service.

Today the question asked "is it the right time to buy a home"  Well.... Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers.

In Aug of 2008 the Canadians didn't buy when the dollar was at 1.06 US - today it is 87cents to the US dollar - several condo communities are offering at PAR.....and some clients are seizing the opportunity before it is too late, AGAIN.

I said this last month, but it is worth leaving in for you to read again ..."Unfortunately, we do not know how to identify a bottom to this housing slump - only with the benefit of hindsight. But as it does with the stock market, the moment will probably arrive when everyone is feeling the most pessimistic"

Based on the market information that I just posted...you will see an increase in sales

So if you need to speak with me about investment opportunities here in AZ or for those of you in the north, who have had enough snow in your life….come and buy a home now for your retirement.

See the value in the following MLS’s – you can plug and review buy going to www.ward.com then my listings or search http://www.realtor.com/ or to see some financial numbers for each home, register at http://www.investorloft.com/ click sign up now and use KateWard as the referral code.

It can be a scary time, especially when the door of opportunity is before you…….

Just kick it open, make it work for you….come and enjoy more sun!

Through, this real estate web site, you have the ability to search virtually every home for sale in Scottsdale, Mesa, Las Sendas, Biltmore, Rio Verde, Troon,  DC Ranch and Casa Grande and all other local areas. In addition to accessing houses and real estate for sale, this web site features comprehensive community information for Maricopa County areas that can help guide you in making the right buying or selling decision.

Questions, just give me a call  877 553-8921