If you are ready to start your first time home buying process, make sure you educate yourself on your options and don't just depend on the advice of others. For instance, first time home buyers are often entitled to special government funded mortgage programs that have low interest rates and low down payments. If you arm yourself with knowledge, you can explore all the options you have.

We are seeing many buyers taking advantage of the Grant program on homes currently on the market to get into a home for zero down or as little as $500.00.

It is recommended that you get a mortgage pre-approval before you go house hunting. Sellers today demand a pre-approval letter before they will accept your offer and it is a required part of the Arizona Purchase Contract. Pre-approval also gives a first time homebuyer a realistic idea of what you can afford to buy and what the monthly payments will be. Plus it lets you know what programs will work best for you to get a workable monthly budget.

There are different programs available for first time buyers and you need to explore what options are available. Some of these include the Phoenix Bond Program for first time buyers, the Newest Grant Program, Ameridream for downpayment assistance for Arizona First time buyers.

SPECIALIZING IN HOMES FOR ARIZONA FIRST TIME BUYERS in Glendale, Peoria, Surprise, Litchfield Park, Mesa, Tempe, Chandler, Gilbert, Tolleson, Buckeye, Avondale, Laveen, Goodyear, Scottsdale and other communities in the surrounding Metro Phoenix area.

What types of programs are available for first time home buyers?

• Zero Down Programs in the Metro Phoenix area
• Neighborhood Gold
• Phoenix Bond Program and the Newest Zero Down Grant Program
• Rent to Own Homes in Metro Phoenix including Chandler, Mesa and Tempe
• Lease to Own Homes in Goodyear, Peoria, Phoenix, Surprise, Glendale, Tolleson, Avondale and other Metro Phoenix cities.
• Arizona VA and FHA home loan programs in Arizona
• VA Vendee Financing for specific VA owned homes in Glendale, Peoria and Metro Phoenix
• Fix up home Loan Programs for Arizona such as a renovation loan
• Officer Next Door Program in Arizona
• Teacher Next Door Program in Arizona

I work with many first time buyers wanting to purchase Arizona Newly built homes, Resale Homes, Foreclosure, Preforeclosure, HUD homes, and VA REO properties. Many times you will find real estate deals by working with an agent that is knowledgeable in the community and knows pricing. My most recent clients saved an average of $9500.00 on their home purchase. Put experience to work for you and the "Power of Century 21".

I would love to help you with your home purchase. I am here to walk you through the steps for buying a home in the Metro Phoenix area and help answer your questions. I am not here to sell you on the home I think you need. I am here to show you the homes you want to see that are in your price range, in your location and with the amenities you need. My business is built around Customer Service.  Call or email to get your customized list of "Arizona First time buyer homes".

What will a lender look at when I apply for a mortgage?

Lenders consider many factors in evaluating your loan application, but they usually focus on four areas:

• Income and debt. How much money you make and what other bills you have to pay helps the lender determine whether you can afford to make mortgage payments.
• Assets. The lender needs to make sure you have enough money to cover the costs of buying a home.
• Credit. Whether you've met other financial obligations helps the lender predict whether you will repay your mortgage.
• Property. The home you want to buy has to be worth enough to act as collateral for the mortgage.

What does it mean to get pre-approved?

Getting pre-approved means you receive a loan commitment from your mortgage company before you have found a home, based on a review of your credit and finances. Having your credit pre-approved shows sellers that you're a qualified buyer and helps you establish a clear price range. The process is the same as a typical mortgage application, except that your application doesn't include property information. If you're ready to look for a home, take your first step now and apply for a credit pre-approval.

What if I've had credit problems?

Your credit history is only one factor in qualifying for a loan, and having made some late payments doesn't have to keep you from buying a home. Someone who has consistently made payments on time in the past may have more financing options than someone who has not, but that doesn't mean a mortgage is off-limits if you've had credit problems. In fact, many lenders program offers a variety of mortgage options to help people with less-than-perfect credit become homeowners and leave credit challenges behind. Please call for a list of recommended lenders of visit my preferred partners list of lenders.

What is the minimum down payment I can make on a home?

There is generally no minimum down payment required for buying a home. Many first-time buyers believe they must be able to put down as much as 20% of a home's purchase price in cash. That may have been true in the past, but many of the mortgage options available to today's home-buyers require little or no down payment. With housing prices as high as they are, homeownership would be impossible for many people if not for these low-down-payment options. Many lenders have a number of loan programs that can help you buy a home with little or no cash find out if one is right for you. There are programs available in the Metro Phoenix area to buy homes for Zero-Down.