Buying Arizona Real Estate » Arizona http://buyingarizonarealestate.com/blog Everything real estate in Arizona, let's talk! Sat, 02 Oct 2010 15:29:52 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Purchase a New Home with only a 1% Down Payment? http://buyingarizonarealestate.com/blog/2010/04/22/purchase-a-new-home-with-only-a-1-down-payment/ http://buyingarizonarealestate.com/blog/2010/04/22/purchase-a-new-home-with-only-a-1-down-payment/#comments Thu, 22 Apr 2010 21:41:38 +0000 RebeccaRoberts http://buyingarizonarealestate.com/blog/?p=335 Purchase a New Home with only a 1% Down Payment*

Up to a 2.5% gift Gift to be used for a down payment by homebuyers utilizing an FHA 1st mortgage.  Down payment requirements as low as 1% Seller can contribute up to 6% for closing costs and pre-paids Expanded [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.]]>

Introducing the Arizona Home Buyer Solutions™ Program
from The Lending Co. and Rebecca Roberts

Purchase a New Home with only a 1% Down Payment*

  • Up to a 2.5% gift
  • Gift to be used for a down payment by homebuyers utilizing an FHA 1st mortgage. 
  • Down payment requirements as low as 1%
  • Seller can contribute up to 6% for closing costs and pre-paids
  • Expanded Income Limits based on county.
  • Competitive interest rates.
  • Flexible loan approval guidelines.
  • Not just for first time home buyers.
  • Applies to ANY FHA-Approved Property in AZ!

 This program is ideal for low to moderate income individuals and families looking to obtain quality affordable housing with only 1% down.  And the better news is the 1% down payment can be a gift from a family member!

The Arizona Home Buyer Solutions Program is offered exclusively through The Lending Company, a direct endorsed U.S. Housing and Urban Development lender.

* Plus, the Down Payment can be a Gift from a Family Member!

The Lending Company is a Direct Endorsed H.U.D. Lender. The 1% down payment program is a qualified gift program. It is available statewide in ARIZONA to qualified homebuyers. The minimum down for FHA financing is 3.5%. The gift is available up to 2.5%. Example for illustration purposes only: $100,000 sales price. $1,000 down (1%) PLUS closing costs. 6.0%/6.684 APR. 30 year fixed rate. Subject to income and credit qualifications. Rates and fees subject to change without notice. Call your representative for current low rates and further details.

*Must be Owner Occupied.

Rebecca Roberts mortgage banker in Phoenix Arizona
Rebecca Roberts
Mortgage Banker
The Lending Company, Inc.
Phone: 602-791-6262
Fax: 866-559-9097
License: NMLS #231543 – BK0909441
rroberts@thelendingco.com
http://www.thelendingco.com/

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]]> http://buyingarizonarealestate.com/blog/2010/04/22/purchase-a-new-home-with-only-a-1-down-payment/feed/ 0 The Phoenix Real Estate Weekly 8/28/09 http://buyingarizonarealestate.com/blog/2009/08/28/the-phoenix-real-estate-weekly-82809/ http://buyingarizonarealestate.com/blog/2009/08/28/the-phoenix-real-estate-weekly-82809/#comments Sat, 29 Aug 2009 01:17:00 +0000 Barb Savoy http://buyingarizonarealestate.com/blog/2009/08/28/the-phoenix-real-estate-weekly-82809/ by Barb Savoy-Pacella, ABR, CNRS, CHMS Coldwell Banker Residential Brokerage

Visit our web site at www.PacellaGroup.com to view property listings, or for additional information.

For those who like good news/bad news scenarios, you will enjoy this week’s report….

The good news is that we have seen a steady decline in the percentage of inventory of foreclosure property over the [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.]]> by Barb Savoy-Pacella, ABR, CNRS, CHMS
Coldwell Banker Residential Brokerage

Visit our web site at www.PacellaGroup.com to view property listings, or for additional information.

For those who like good news/bad news scenarios, you will enjoy this week’s report….

The good news is that we have seen a steady decline in the percentage of inventory of foreclosure property over the past several weeks (currently foreclosures make up just 14% of the active inventory). The other good news is that although we have been hearing for some time that another wave of foreclosures is imminent, according to Net Value Central, of the properties currently owned by the bank that are not yet on the market, the vast majority is comprised of vacant land that went back to the banks after builder failures, rather than residential resale homes.

The bad news is that foreclosures overall still seem to be the only segment of the market seeing a price per square foot increase with short sales and seller owned properties still seeing declines.

CURRENT CONDITIONS IN THE PHOENIX MARKET:

There are 24,061 single family detached listings actively on the market today. That is a decrease of 9 listings for the week.

Total listings, including condos, patio homes, and town homes active in MLS today are 31,339.

For absorption rate information and months of available supply for a specific area in the Valley, please contact us at www.PacellaGroup.com

Barb Savoy-Pacella, ABR, CNRS, CHMS
Coldwell Banker Residential Brokerage
(602) 908-7177
Pacella & Savoy, PLLC
International Sterling Society & Customer Service Award Winner

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]]> http://buyingarizonarealestate.com/blog/2009/08/28/the-phoenix-real-estate-weekly-82809/feed/ 0 The Phoenix Real Estate Weekly 8/21/09 http://buyingarizonarealestate.com/blog/2009/08/21/the-phoenix-real-estate-weekly-82109/ http://buyingarizonarealestate.com/blog/2009/08/21/the-phoenix-real-estate-weekly-82109/#comments Fri, 21 Aug 2009 18:16:53 +0000 Barb Savoy http://buyingarizonarealestate.com/blog/2009/08/21/the-phoenix-real-estate-weekly-82109/ Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS Coldwell Banker Residential Brokerage

Visit our web site at www.PacellaGroup.com to view property listings, or for additional information.

The real estate roller coaster appears to have fewer terrifying drops recently.

According to the Cromford Report, seller owned transactions have seen a price decline per square foot in the past several weeks, although [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.]]> Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS
Coldwell Banker Residential Brokerage

Visit our web site at www.PacellaGroup.com to view property listings, or for additional information.

The real estate roller coaster appears to have fewer terrifying drops recently.

According to the Cromford Report, seller owned transactions have seen a price decline per square foot in the past several weeks, although they only comprise 20% of the sales. Once again, this week the price per square foot for foreclosed properties seems to be increasing, however, this week the price per square foot for short sales seems to be declining slightly, after remaining relatively flat for the past few weeks.

It appears that the rate of notice of trustee sales has been significantly lower for the month of August than it had been in June and July, which will hopefully equate to further stabilization in the market. We are heading into what is traditionally the slowest time of year for real estate sales in the Phoenix Metro area, so we will have to wait and see…

CURRENT CONDITIONS IN THE PHOENIX MARKET:

There are 24,070 single family detached listings actively on the market today. That is a decrease of 139 listings for the week.

Total listings, including condos, patio homes, and town homes active in MLS today are 31,312.

Areas in the Valley that were hardest hit by foreclosures are still seeing a tremendous amount of activity with many properties receiving multiple offers and selling above list price.

For absorption rate information and months of available supply for a specific area in the Valley, please contact us at www.PacellaGroup.com

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