The Maricopa County Home in 5 down payment assistance program has received $2,000,000 in new funding. This is a very popular program that had recently run out of funds. Expect the new funding to go quickly.
Shailesh Gimire of CTX Mortgage posted a good overview of the requirements to use the new funding and the overall program. I have a client who is working with them now to take advantage of this – if we can find a home quickly enough to buy before the funds run out again.
UPDATE 7/14/08: Unfortunately, most of the funding has been used up. There is some money available to assist with purchases in “targeted” areas. Check the Maricopa County Home in 5 website for more information on targeted areas, or contact a lender that is qualified to work with Home in 5.
Copyright © 2008 Rod Rebello