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Posts Tagged ‘down payment assistance’

$15,000 in down payment assistance puts owning a home within your reach

Wednesday, September 12th, 2012

Buying a home just got a lot easier with up to $15,000 in down payment assistance.

Individuals and families whose household income is up to 120 percent of the average in Pima County may qualify for the assistance to buy a home in an area generally south of 22nd Street (see the attached map).

A couple may qualify with household income as high as $58,000; a family of four, with up to $72,500.

Homebuyers must contribute a minimum of $1,000 of their own funds.

The assistance is available beginning Monday, Sept. 17, through the Pima Neighborhood Investment Partnership, a collaboration between Pima County, the City of Tucson and seven local nonprofits. Pima County received $22 million in federal stimulus funds in 2010 to make foreclosed and vacant homes in the target area energy efficient, available and affordable.

The down payment assistance program, administered by the nonprofit Community Investment Partnership, ends Nov. 30, 2012. Real estate agents can provide assistance in locating eligible properties.

For more information, please call 520-243-4663, visit www.pnip.org or contact one of these four participating housing counseling agencies:

Chicanos Por La Causa Inc.
www.cplc.org
Attn: Housing Counseling Department
2550 E. Fort Lowell Road
Tucson, AZ 85716
(520) 882-0018

Family Housing Resources
http://familyhousingresources.com/
1700 E. Fort Lowell Road, Ste. 101
Tucson, AZ 85719
(520) 318-0993

Old Pueblo Community Services
www.helptucson.org
4007 E. Paradise Falls, Ste. 125
Tucson, AZ 85712
(520) 445-7084

Primavera Foundation Inc.
www.primavera.org
Housing Counseling Department
151 W. 40th St.
Tucson, AZ 85713
(520) 882-5479

PNIP target area

 

SER PROPIETARIO DE UNA CASA ESTÁ A TU ALCANCE: RECIBE $15,000 DE AYUDA CON EL ENGANCHE

Wednesday, September 12th, 2012

Individuos y familias cuyo ingreso conjunto (household income) es hasta el 120 por ciento del promedio en el Condado Pima, pueden calificar para asistencia financiera en la compra de una casa en el área Sur de 22nd Street.

Una pareja puede calificar con el ingreso conjunto de hasta $58,000; una familia de cuatro con un ingreso conjunto de hasta $72,500.

Los compradores de casa deben contribuir un mínimo de $1,000 de su propio dinero.

La asistencia estará disponible empezando el lunes, 17 de septiembre, a través de Pima Neighborhood Investment Partnership, una colaboración entre el Condado Pima, la Ciudad de Tucson y siete organizaciones locales no lucrativas.  En el 2010 el Condado Pima recibió $22 millones en fondos del estímulo federal para convertir aquellas propiedades vacantes y bajo ejecución hipotecaria en esa área eficientes en el consumo de energía, disponibles y accesibles.

El programa para asistencia con el enganche, administrado por la organización no lucrativa de Community Investment Partnership, termina el 30 de noviembre, 2012.  Los agentes inmobiliarios pueden asistir en localizar propiedades elegibles.

Para más información, por favor llama al 520-243-4663, visita www.pnip.org o comunícate con una de las cuatro agencias participantes de asesoramiento de vivienda:

Chicanos Por La Causa Inc.
www.cplc.org
Attn: Housing Counseling Department
2550 E. Fort Lowell Road
Tucson, AZ 85716
(520) 882-0018

Family Housing Resources
http://familyhousingresources.com/
1700 E. Fort Lowell Road, Ste. 101
Tucson, AZ 85719
(520) 318-0993

Old Pueblo Community Services
www.helptucson.org
4007 E. Paradise Falls, Ste. 125
Tucson, AZ 85712
(520) 445-7084

 Primavera Foundation Inc.
www.primavera.org
Housing Counseling Department
151 W. 40th St.
Tucson, AZ 85713
(520) 882-5479

PNIP target area

 

Low interest rate, down payment assistance available to first-time homebuyers

Friday, August 26th, 2011

Pima County, Arizona – First-time homebuyers and veterans in Pima County may be eligible for $8,500 in down payment assistance and a 3.5 percent interest rate on a 30-year fixed-rate mortgage.

To qualify for the down payment assistance and the low interest rate, borrowers must be first-time homebuyers or veterans, or the home must be in one of 19 targeted census tracts in Pima County (see  map).

The $8,500 in down payment assistance is available to households whose family income is 80 percent or less of the area median income (for example, $38,200 or less for a family of two or $47,700 or less for a family of four).

If their household income is higher, homebuyers can still take advantage of the 3.5 percent mortgage interest rate, which has higher household income limits.  For the 3.5 percent interest rate, the household income limits are:

Household Income Limit
Family Size Pima County Target areas
1-2 $71,520 $72,960
3 or more $83,440 $85,120

 

To qualify for down payment assistance, the homebuyer must have $1,000 to contribute to the purchase but must not have cash assets exceeding $10,000.

The buyer must also complete HUD Certified Homebuyer Counseling at one of the following agencies:

Chicanos Por La Causa
Paul Swift
200 N. Stone Ave.
Tucson, AZ  85701
(520) 882-0018
Paul.swift@cplc.org

Family Housing Resources
1700 E. Fort Lowell, Suite 101
Tucson, AZ 85719
cris@thrinc.net

Old Pueblo Community Services
Terry Galligan
4501 E. 5th St.
Tucson, AZ  85711
(520) 546-0122
TerryGalligan@helptucson.org

Pio Decimo Cente
Jesus Mora
848 S. 7th Ave.
Tucson, AZ  85701
(520) 622-2801
jmora@piodecimocenter.org

Primavera Foundation
151 W. 40th St.
Tucson, AZ  85713
(520) 882-5383, ext. 132
csilva@primavera.org

TMM Family Services
Tres Lister
1550 N. Country Club Blvd.
Tucson, AZ  85716
(520) 322-9557
tlister@tmmfs.org

The low-interest Mortgage Revenue Bond program is available through the City of Tucson Industrial Development Authority (www.TucsonIDA.com) and the Pima County Industrial Development Authority (www.PimaIDA.com).

For more information about:

  • the Mortgage Revenue Bond program
  • the $8,500 down payment assistance
  • other down payment assistance programs available for market interest rate loan products
  • other housing assistance in Pima County

call a HUD certified counseling agency or the Pima County Housing Center, 801 W. Congress St., at 624-2947 or stop by between 8 a.m. and 5 p.m. Monday through Friday.

The Pima County Housing Center and its partners:

  • Provide resources, information, counseling, classes, computers, and workshops to help first-time homebuyers and other Pima County residents purchase, repair and make their homes more energy efficient; find affordable rentals; improve their credit; and save and manage their money.
  • Help homeowners with mortgage modification and foreclosure prevention or recovery.
  • Assist individuals and families who have been victims of fraud and rescue scams.
  • Help individuals obtain emergency rent, mortgage and utility assistance.