2% DOWN FHA GRANT PROGRAM By Arizona Wholesale Mortgage Inc. This programs allows borrowers to receive a free grant in the form of 2% of their down payment. Borrowers still need to come to close with a down payment in the amount of 1.5% of the purchase price. The remaining 1.5% down payment can be a gift from an immediate family member such as your mother, father, sister, or brother.

QUALIFICATIONS Borrowers must meet one of the three criteria listed below: 1. First time home buyer or hasn’t owned a home in the last 3 years. This must be a primary residence & you must reside in the home. Single family residence only or manufactured homes which includes both single wide and double wide

QUALIFICATIONS Borrowers must meet one of the three criteria listed below: 2. Borrowers on a loan application, their income collectively) is equal to or less than 140% of the state or county median income regardless of family size based upon the state or county where the Security Property is located. State/County Median Income Tool: https://homeready-eligibility.fanniemae.com/homeready/

QUALIFICATIONS Borrowers must meet one of the three criteria listed below: 3. Any Borrower on the loan application is a current, retired, volunteer or non-paid: First responder (police officer, firefighter, public safety officer, paramedic, emergency medical technician (EMT) or similar Educator (Sunday school teacher, tutor, day care provider) Medical personnel (nurse, doctor, phlebotomists, health ambassador, or hospital, American Red Cross worker, or similar) Civil servant in a Federal, state or local municipality Military personnel

OTHER QUALIFICATIONS 580 fico score requirement Maximum dti is 48.9% Must attend a hud approved home counseling class 30, 25, or 20 year fixed product only Lender Fees: $10 Flood Fee $80 Tax Service Fee $635 Appraisal Fee-this fee maybe subject to change $34.50 credit report fee for a married couple

Closing Costs Sellers can contribute up to 6% of the borrowers closing costs. Call Arizona Wholesale Mortgage Inc. today to get preapproved. 602-358-8717