Lehi Teachers and Staff...Buy a Home With Arizona's Best Home Down Payment Assistance Program Ever!
This is Your Answer To Homeownership
Now Available… unprecedented home mortgage terms oozing with benefits designed to help first-time home buyers. Check it out…
Option 1 Benefits and Requirements
Program Benefits
No Down Payment – 100% Financing
No Monthly Mortgage Insurance
No Upfront Mortgage Insurance
Lower or Market Interest Rates
30 Year Fixed Payments
Must Negotiate w/Seller on Closing Costs
Qualification Requirements and Limits
$105,000/yr Maximum Income Limit*
Owner Occupancy is Required
No Real Estate Ownership in Last 3 Yrs
640 Minimum Credit Score
No Minimum Ownership Time
55% Debit to Income Ratio (Ask Us)
* – Purchase Anywhere in AZ if income is less than $71,000/yr – If over $71,000/yr you must purchase in certain census areas only (Ask us for details)
Option 2 Benefits and Requirements
Program Benefits
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3% Down Payment Granted From Bank
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No Monthly Mortgage Insurance
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No Upfront Mortgage Insurance
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Lower Than Market Interest Rates
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30 Year Fixed Payments
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$1,200 Total Buyer Purchase Costs
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Bank Pays All Other Costs
Qualification Requirements and Limits
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$105,000/yr Maximum Income Limit*
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Owner Occupancy is Required
-
No Real Estate Ownership in Last 3 Yrs
-
600 Minimum Credit Score
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No Minimum Ownership Time
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Repayment of Grant Funds NOT Required
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45% Debit to Income Ratio (Ask Us)
* – Purchase Anywhere in AZ if income is less than $71,000/yr – If over $71,000/yr you must purchase in certain census areas only (Ask us for details)
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