First Time Home Buyers in Florence, AZ

Down Payment and Closing Cost Assistance

First time buyers worry about the upfront costs of homeownership especially down payments and closing costs. The home program offers below-market interest rates and down payment assistance to eligible first-time homebuyers. Good news is there are several down payment and payment assistance programs in Arizona including those offered by state and local agencies. These programs offer grants or low interest loans to help buyers pay for these big costs.

In Florence buyers may also qualify for closing cost assistance which can help pay for the fees associated with getting a loan and finalizing the purchase of your home.

Mortgage Credit Certificate Program (MCC)

The Mortgage Credit Certificate Program is another great resource for first time buyers. This program allows qualified first time homebuyers to get a tax credit based on a portion of the mortgage interest paid annually. By reducing your federal tax liability the Mortgage Credit Certificate (MCC) can save you thousands of dollars over the life of the loan.

Income and Eligibility Requirements

When applying for loan programs or down payment assistance you need to understand the eligibility requirements. These programs have limits on area median income (AMI) which means your household income must be below a certain amount to qualify for assistance. In Pinal County the income limits vary depending on the size of your family and the program you’re applying for.

First Time Home Buyer Definition

A first-time home buyer is generally defined as someone who has not had an ownership interest in a primary residence for at least three years. So even if you’ve owned a home in the past, you may still qualify for first time homebuyer programs if enough time has passed since your last ownership interest.

National Historic District: A Home Buying Experience Like No Other

Buying a home in Florence’s National Historic District is a unique opportunity to own a piece of Arizona’s history. Many homes in this area are on the National Register of Historic Places making homeownership in one of Arizona’s oldest towns even more special. Whether you like the charm of a historic home or modern homes Florence has options for you.

Why Choose Joe Huljak for First Time Home Buyer Mortgage?

As a mortgage broker and owner of Joonago Mortgage Services I know the first-time home buyer experience in Florence, AZ. Here’s why you should choose me for your home buying journey:

1. Customized Mortgage Solutions

Every buyer is different, and I take the time to understand your financial goals and find the right loan program for you. From FHA to VA loans, I’ll show you the way to the right loan for your budget and lifestyle.

2. First Time Home Buyer Programs Expertise

I know down payment assistance, Mortgage Credit Certificates and closing cost assistance programs inside and out so I’ll make sure you get all the funding you’re eligible for.

3. Local Florence, AZ Knowledge

As a mortgage broker with experience in Pinal County I know the local market and I’m here to help you through the home buying process in Florence.

4. Support Throughout the Process

From application to closing I’ll communicate clearly and guide you every step of the way.

How to Buy Your First Home in Florence, AZ

If you’re ready to start the process of homeownership here are the steps to follow:

1. Take a First Time Homebuyer Class

Many loan programs require buyers to take a first-time homebuyer class to learn about the responsibilities of homeownership and the loan and payment process.

2. Get Pre-Qualified

Before you start looking for homes get pre-qualified for a loan. This will give you a clear picture of what you can afford and make you a stronger buyer when you find the right home.

3. Choose Your Loan

Work with a mortgage broker to choose the right loan for you whether it’s a government backed loan like FHA or VA or a conventional loan.

4. Apply

Once you’ve chosen your loan you’ll need to submit a formal application with all the required documents including proof of income, employment history and any assets you own.

5. Get Down Payment Assistance

If you qualify for down payment assistance your mortgage broker will help you apply for funds to cover part or all of your down payment and closing costs.

6. Close the Loan

Once your loan is approved the final steps are a home appraisal, underwriting and setting a closing date. At closing you’ll sign the final papers and become a homeowner.

Contact Joe Huljak

If you’re a first-time home buyer in Florence, AZ and ready to start the process of homeownership, contact me today. With my expertise in mortgage programs and down payment assistance I’ll make sure you have everything you need to make homeownership a reality.