Down Payment Assistance Programs: City of Phoenix Open Doors
The City of Phoenix Open Doors Homeownership down payment assistance program is designed to assist qualifying first-time homebuyers attain their dream of owning an affordable home in the city of Phoenix, Arizona. Based on the need of the applicant, the program provides up to $15,000 to be put towards the down payment and/or closing costs. […]
Down Payment Assistance: Arizona American Dream Downpayment Initiative
The Arizona American Dream Downpayment Initiative (ADDI) is a down payment assistance program created to aid first-time buyers (those who have not owned a home during the preceding 36 months before purchasing a home) in specific jurisdictions in Arizona, namely Maricopa County, the City of Phoenix, and Pima County/Tucson. Originally signed into law by George […]
Eight 2022 Housing Predictions: Zillow
While it’s unclear how long-lasting the effects of the pandemic on the housing market, Zillow has eight 2022 housing predictions. Though the market may not reach the same acme as 2021’s market, it won’t be a slow year by any means, says Zillow. The sellers market will persevere, the Sun Belt states will remain in-demand […]
Down Payment Assistance Programs: VA Loans
Military veteran homebuyers (including surviving un-remarried spouses), both new and experienced, have quite a few options when it comes to securing a loan to purchase their house, townhouse, or condo. Perhaps an overlooked choice is the Veteran Affairs, or VA, Loans, a loan financed by the U.S. Department of Veteran Affairs. These loans are worth […]
Down Payment Assistance Programs: 3 Percent Down Conventional Loans
One of the more common loans on the market is the 3 percent down conventional loan (also known as a Conventional 97 loan). The 3% down loan is attractive to those without large down payments and applies to the majority of borrowers due to not needing to be part of a specific income bracket or […]
Down Payment Assistance Programs: Arizona USDA Loan
When it comes to buying a home in Arizona, many are aware of FHA and VA loans, but don’t know that there’s a third government loan program available to Arizona home buyers: the Arizona USDA Loan. Originally created to assist potential low- to moderate-income purchasers in rural areas, the USDA loan is designed to help […]
Latinx Homebuyer Boom Coming, Says Report
A Latinx homebuyer boom is predicted according to a new report. Arizona is one of the top five states in the country that has added Latinx homebuyers in the past decade, with nearly 82,000 new homeowners. The study, “Datos: The State of Arizona’s Hispanic Market,” by the National Association of Hispanic Real Estate Professionals has […]
Five Valley Zip Codes with the Biggest Home Price Increases
Despite a general cooling of the American housing market, five Valley zip codes have remained scorching hot home price-wise. According to a recent report from Zillow, while a good portion of the country’s housing market is slowing down, the Phoenix metro area remains strong with home prices climbing over 32% in the last twelve months. […]
Five Reasons to Buy in Scottsdale
While it’s true there are many reasons to buy a home in Scottsdale, the desert conditions and natural landscape are a big draw, converting many a tourist into a resident. Consequently, the Scottsdale real estate market has flourished over the years, but especially during the uncertainty that is Covid, where buyers are reevaluating how and […]
Relocating to Phoenix: A Top Destination
Relocating to Phoenix, AZ has become a top choice for moving homebuyers in the third quarter of 2021, according to a recent report from Redfin. Quarter three of this year has seen more than 30% of Redfin’s users move to a different metropolitan area, though that number is down from just over 31% in Q2. This […]