Resources to Buy Your First Home in Arizona
When most people hear “down payment assistance,” they imagine free money that never has to be repaid. While some programs work that way, many of the best and most widely available programs offer help as a second mortgage. If that idea makes you pause, you are not alone — but this type of DPA is often one of the most practical, flexible, …
[Read more...] about Understanding Down Payment Assistance as a Second Mortgage
Buying a home comes with a few big costs up front beyond just the monthly mortgage. Let’s break them down so you know what to expect in Arizona. 1. Down Payment The down payment is the money you put toward the home up front before the rest is covered by your mortgage loan. For example, on a $300,000 home: Down …
[Read more...] about How Much Money Do I Need to Buy a Home in Arizona?
When people talk about help buying a home, they often hear the word grant. But what exactly is a grant? And how is it different from other help like loans or assistance programs? Let’s break it down. What a Grant Means A grant is money you receive that you do not have to pay back—provided you follow certain rules. It is like a …
[Read more...] about What Is a Grant — and How It Relates to Homebuying Help
