Did you know that if you are a first-time home buyer in Pinal County, Arizona, you may be able to obtain down payment assistance for as much as $20,000?
Sounds too good to be true? Well, it is indeed very true. However, not every Pinal County home buyer is eligible. And you need to understand the true definition of "first-time home buyer" as it applies to this program.
Firstly, first-time home buyer as it pertains to this DPA (down payment assistance) program means that you must not have owned a home within the past 3 years. How the heck would anyone be able to confirm that? Simple. The lender will require that you provide your last 3 years of federal income tax returns.
You must also satisfy additional eligibility requirements including falling within specified family household income limits, as well as not exceeding specified purchase price limits.
And did you also know that an interest rate reduction bond program is available to Pinal County, first-time home buyers? The eligibility requirements for this program are the same as for the down payment assistance program.
There are also a few other resources out there including Pinal County Down Payment Assistance and Pinal Bond Program.
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