Yes it’s true. You can get into a BRAND New home for ZERO money down. These are brand new homes built to your specifications. 

There are 2 key things that make this possible:

  • No Down Payment-  Utilizing the USDA Rural Loan, you can get a home loan for zero money down.
  • No Closing Costs- Utilizing the incentives from the builder, they will pay all of your closing costs when you use their preferred lender.

A deposit of $500 which is credited back to you at closing is the only money that changes hands.

DETAILS:

  • Brand new homes built by a reputable builder. They have model homes you can walk through and many floorplans to choose from.
  • The builder will have homes that are either 3 or 6 months out from completion. A brand new build takes 6 months to complete, and a home that’s already started is usually around 3 months from completion. (perfect if you are currently in a lease or a short-term living situation)
  • Only a $500 earnest payment is required to start your new home. This money is credited back to you at closing.
  • You must be with your agent upon entering builder’s office for the first time.

LOCATION:

  • These homes are located only two miles off  of the I-10 less and only 2 miles west of the Goodyear city boarder.  That means you can still take advantage of the USDA Rural loan program for zero down, but you’re within easy access of the I-10 or the 101. Soon, the Loop 303 will be tied into the I-10, and that’s when the whole area will boom. This is one of those areas you won’t recognize a year from now.

LOCATION CONTINUED…

Do you eventually see yourself living in another area? THAT’S PERFECT! Think of this home as a 2-3 year home. Especially if you don’t have $10,000-$12,000 sitting around for down payment and closing costs. Live in it for 2-3 years, sell for a profit & THEN have the money to get into your long term house in your long term neighborhood. Or, keep it for a rental. The point is, NOW is the time to get in & start building equity!!

REQUIREMENTS:

  • Must be your primary residence to qualify for a zero down payment loan.
  • You will need to use the builder’s “in-house” lender to get their incentives. Their lender offers the same loan terms as an outside lender. The only exception would be if the in-house lender cannot get you qualified, and you find another lender who can. Then they will allow you to use another lender & still get the incentives.
  • $500 check is deposited at the time the contract is written. Again, this money is credited back to you at close. So depending on where your closing costs end up, you might or might not get some of it back. (I’ve seen people get $300 back, but doesn’t happen all of the time. The point is, it’s a house for $500 out of pocket at the most!)
  • Your must be with your agent upon entering property.

Simply put, it makes financial sense to leverage the bank’s money, then sell for a profit down the road. Plus, you will have pride of ownership in your very own home along the way!

WHY YOU NEED YOUR OWN BUYER REPRESENTATION:

  • You would never defend yourself in court right? Then why defend yourself when you’re buying a house? It’s important to contact us first. We will first do some basic consulting to answer all of your questions, then we will be with you every step of the way. We can point out things that that builder won’t, and make sure your interest are protected. The best part is, we’re paid by the builder!For pictures, to ask specific questions or to make an appointment to see these homes, please fill out the form below, or call direct to 623-777-3302.