1% Down on Conventional: A Game-Changer for Arizona Borrowers
Are you dreaming of homeownership in Arizona but struggling to save for a down payment? At Arizona Lending Group, we're excited to announce a groundbreaking Down Payment Assistance program, exclusively offered through our partnership with United Wholesale Mortgage (the nation's #1 mortgage lender). This unique program is designed to help you unlock the door to your dream home with just 1% down, making homeownership more accessible than ever!
Here's how it works:
You meet all of the special guidelines for the program (the big ones are shown below), and your loan application is approved.
Our partners at UWM will contribute 2% (up to their maximum) towards your down payment as a grant, not a loan or second mortgage.
You'll be left to pay the remaining 1% (minimum) down payment at closing.
This program is just one small part of Arizona Lending Group's mission to make homeownership more attainable to all Arizonans. As our client, you could use the money you save to buy furniture, renovate or improve your new home, or just contribute to your personal savings fund.
To be eligible for this program, there are a few special guidelines:
Only available on conventional, 30-year, fixed-rate loans.
The Grant must be used to purchase a primary residence.
Maximum grant amount is $4,000 (defined by our Partner).
Minimum FICO Score of 620.
No multi-unit properties or manufactured homes.
Must meet Freddie Mac's Home Possible guidelines (incl. income limits)
Check with our team to make sure the program is still available.
All other normal guidelines must be met.
We're proud to offer such a revolutionary program - this is just another way that Arizona Lending Group is able to compete with the big banks and offer our clients a superior experience. Combine this with our industry-leading rates, turn times, and service; the choice is clear. Learn more about the ALG Difference here.
This program is available in all corners of Arizona, including Prescott, Tucson, Yuma, Phoenix, Flagstaff, and many other communities. Our team of experts is standing by to answer your questions about this unique new program. Get in touch with us today to get started.