How Do You Get 15,000 Dollars For A Down Payment On A House In Phoenix Arizona?
The housing market in Phoenix Arizona and surrounding areas is currently in shambles with homes going for very cheap prices and still no buyers. The city of Phoenix though has come up with a unique way to try to get buyers to buy real estate by offering a 15,000 dollar loan to home buyers who meet certain eligibility qualifications and buy foreclosed homes. The first thing you must do is to see if you meet the eligibility qualifications for the program which include being able to avail a FHA loan, having below a certain income, having 1,000 dollars to invest and a few other minor requirements. Next you must attend a 8 hour class on home ownership as this is required to avail the program. Next you must find a house that meets the qualifications which means it must be a single family home, foreclosed and priced at 15 percent under appraisal. All that is left to do now is to collect the 15,000 dollars to pay towards the down payment and closing costs of your new found house while realizin
