Such a deal!!!! How does 4.25% fixed interest rate, 30-year FHA or VA financing sound? Here’s the details…
Qualification requirements:
• Income limits of $69,000 for 1 ‑ 2 person household, and $79,675 for 3 or more person households
• Three years tax returns required (Veterans exception may apply)
• 620 Minimum credit score
• Eligible Area – all of Pima County
Limitation - Recapture Tax: If property is sold within nine years for a net profit and the borrower’s income exceeds the income limits allowed at the time of sale, a recapture tax may assessed
*** If you’re using FHA financing, how about getting 3.5% Down Payment Assistance??? ***
Qualification requirements:
• Household Income limits 1 person $32,200 2 persons $36,800 3 persons $41,400
4 persons $46,000 5 persons $49,700 6 persons $53,350
• First Time Homebuyer education class through certified non-profit agency (must be completed BEFORE writing an offer to purchase a home)
PLEASE allow 45 days closing for processing and approval of down payment assistance funds.
Call Todd Abelson at Sunstreet Mortgage for all your mortgage needs! 520-331-LEND (5363)