This won't last so move fast! This move in ready, 2 bed / 2 bath home that is located highly desirable Twelve Oaks subdivision is walking distance from Intel and situated within a cul-de-sac. You will enjoy the vaulted ceilings, granite counter-tops, stainless steel appliances, and cook top stove (all conveying to the new buyer), plantation shutters, Nest Thermostat, Anderson windows, ceiling fans, his and her closets in the master, and tile in all the right places! Back patio features a retractable awning. Located in the Kyrene school district and immediate vicinity to grocery stores, schools, abundance of retail, restaurants and Chandler Fashion Center. Convenient freeway access to I-10 and 101 and San Tan 202. This home qualifies for little to no money down financing options.
Call today and book your private showing. Special closing costs incentives for buyers who deal direct with listing agent.
Today we are talking about a loan program that is geared specifically towards Veteran's and Active Military Members and their spouses. The VA Mortgage Loan is also known as the Veteran's Administration home loan and is one of the most benificial military benefits offered. For those who qualify, you can buy or refinance an existing mortgage with as little as $0 down, low rates and financing up to $484,350.00. Another great benefit over a traditional mortgage is that there is no PMI(Private Mortgage Insurance). PMI is the monthly insurance that you pay the bank/lender each month when you don't put down 20%. The PMI you pay each month protects the bank/lender in case you default on the loan.
Here are the VA program highlights:
■ 10-, 15-, 20-, 25- and 30-year fixed rates available
■ Up to 100% LTV for purchase and refinance transactions
■ No LTV limits for VA Interest Rate Reduction Refinance Loans (IRRRLs) for transaction with less than one discount point
■ 1- to 2-unit primary residences
■ Non-owner occupied residences allowed for IRRRLs
■ VA approved condos and PUDs
■ Manufactured housing
■ Purchase transactions
■ Cash-out (Type I and Type II)
■ Jumbo VA program also available
■ Active duty
■ National Guard
■ Surviving spouses (Retrictions Apply)
* * Additional restrictions apply. See guidelines for specific details about surviving spouse eligibility.
The amount you can qualify for varies depending on a few different factors. One of the biggest factors is your debt to income ratio. It helps to determine the amount you can afford to pay each month.
Once you have established how much you can afford the next step is to Contact Us to get you pre-approved. This will involve a credit pull to look at your credit report and to find out your score. With a pre-approval you can find a home by shopping within your means.
And even a little something for the kids
If you’re buying a house and plan on putting less than 20% down payment, the answer is YOU.
(Mortgage Insurance is often referred to in the industry as “MI”)
Some conforming home loans with less than 20% down do offer “No MI” or Lender-Paid MI. That option can be advantageous if you only plan to be in the home before the MI would have a chance to be removed.
Mortgage Insurance is utilized with low down payment mortgage options, and the rate varies by the type of loan program. The most common in 2019 are:
Although, not technically MI, VA Home Loans and USDA Loans do have similar fee structures under another name:
So that you are aware, MI appears under many names in the financing industry:
Contact us to find out more about your mortgage insurance options
Roccuzzo Mortgage Group w/ Barrett Financial Group