4.55% Pima County Bond Mortgage is Here!!

We are now offering a 4.55% 30 year fixed mortgage for First Time Home Buyers to purchase homes in Pima County. There are no zip code restrictions on where these homes can be purchased. These rates are for FHA and VA loans only. This is a great opportunity for first time home buyers to take advantage of these great low 4.55% fixed rates.

We also offer Down Payment Assistance programs to assist qualified home buyers in taking advantage of up to 4.5% of the Sales Price. The Sales Price Limits for existing homes are $276,334 for a 1 unit homes and $353,752 for a 2 unit homes. For new homes $337,741 for 1 units and $432,363 for 2 units. There are income limits to qualify for these loans. For non-targeted areas in Pima County for a family of 1-2 adults, the income liimits are $69,000 and for 3+ the income limit is $79,675. Targeted areas are parts of Pima County that HUD is trying to increase home ownership in. These income limits are higher to promote home ownership and these income limits are $72,480 and $79,675 for 3+ members.

These loans are underwritten to normal FHA and VA guidelines and the current allotment for these loans is currently $25,000,000 for Pima County. These loans will go fast!!! Contact me or your Loan Officer for more details for this loan program today.