Buying a home can be daunting. The initial hurdles are being able to show a steady and adequate income and a credit score generally above 620 (depending on the lender). Then you need to come up with a down payment. FHA loans usually require a lower down payment that most other types of loans, though not everyone qualifies for FHA. The higher your credit score, the better your chance of obtaining a loan from any lender and the lower your interest rate will be. Each lender has a specific set of rules for its borrowers.
Coming up with the monthly mortgage payment isn’t necessarily the hard part. But that down payment – that can be tough. At MyCommunityProject.org we don’t loan money. What we do is offer grants of a maximum of $6,500.00 towards your down payment. Recipients of our grants are military families as well as first responders (fire, police, EMTs) and teachers. This can be considered a first home owners grant in Scottsdale, AZ, but we don’t require this to be for a first home purchase. It’s quite fine with us if you have 14 other properties. We just want to help give back for your service to our community and our country.
Our process is relatively painless. You will probably hear back within a few days about the next step to take. We can suggest lenders and real estate folks who can help you with other steps in the process. Your dream could be coming true sooner than you think with a first home owners grant in Scottsdale, AZ, through website. We want to be part of that dream.
If you are a potential home buyer and need some help getting started in the process to owning a new home, we want to help.
