Thursday, January 27, 2011

Know a first time home buyer in Pima County?

If you do, you might tell them about this. The Pima County Bond program offers a guaranteed low interest rate for first time buyers. The rate has recently been reduced to 3.99% to keep up with the latest low rates. Here are the basics to qualify:
Be a first time home buyer, and make it your primary residence.
Occupy the residence within 60 days.
Qualify for existing loan programs (FHA, VA, Conventional)
Have a FICO score of 620 or better.
Make no more than $72,480 (1-2 in household) or $79,675 (3 or more in household).
Buy a home in Pima County with a sale price of $276,334 or less.
With current rates now around 4.25% or more, this is a good deal and will just get better when interest rates rise. And they WILL rise. It’s just a matter of when.
Keep this program in mind for anyone you know that will be purchasing a home for the first time here in Pima County. Feel free to contact me for more information.

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