Yes there is still down payment assistance in Arizona. For those that qualify, the MCC or Mortgage Credit Certificate is still available in Arizona. The MCC program through Housing America works out to be a silent 2nd mortgage that gives 5% of the purchase price towards your down payment and closing costs.
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On the Housing America down payment assistance, there are no monthly payments required and no interest due. There is a requirement that if you do not live in the home for a minimum number of years you will repay the money upon the sale of your home. On average that term is 10 years.
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There are certainly many requirements and the various hoops to jump through which is why you need to work with a qualified expert on these programs. Housing America and the MCC program require you to meet:
While you will certainly do much more work that a normal purchase the benefits can be huge. You may be able to purchase a home with just $1000 out of pocket, which is the requirement of the MCC program, as well as you may still be eligible for the $8000 tax credit.
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Time is of the essence. With the tax credit winding down and the rush to use the MCC credits, the system is starting to get bogged down. Watch this VIDEO we create to give you the needed closing date to obtain the $8000 tax credit. On average it is now taking over 30 days to get an appointment with Housing America. You MUST be pre-qualified before obtaining an appoitment with Housing America so visit THE APPROVAL COACH today or call directly. Working with an expert that knows the MCC credit programs is the only way to be sure you will qualify.
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I look forward to hearing from you about Yuma, Somerton, San Luis and Flagstaff Arizona down payment grants, FHA Mortgages, and HUD Foreclosure mortgage programs:
Derek Egeberg, CMPS
The “Approval Coach”
Academy Mortgage
928-247-9089
928-246-0422
www.TheApprovalCoach.com
www.academymortgage.com/derekegeberg
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*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
