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That Real Estate Show

Updated Feb 2, 2013 - 3:34 pm

Free money from Maricopa County to buy a home

You read that right! Free money to buy a home in Maricopa County.

It's called the Maricopa County Home in 5 Advantage Program. It's a big fat grant the county got.

Buyers (and you don't have to a first time home buyer) get 5 percent from Maricopa County to use towards a down payment. Veterans who qualify get 6 percent.

If there's one thing I love to do, it's to tell people about great deals.

Do you need to donate a kidney to partipate or give up your first born? No. Here's what you do need to do:

• Have a minimum FICO score of 640.
• Your annual income must not exceed $90,000 per year, but if you're qualified United States military personnel, there is no income limit.
• Home has to be within Maricopa County.
• You must live in this home. It must be your primary residence.
• You need to get your stuff moved in and living there within 60 days after close of escrow.

The best part? This is a grant, meaning you do not have to pay this money back.

I repeat.

You DO NOT have to pay this money back.

Not all lenders can participate.

Lisa Brown with Amerifirst Financial can facilitate the program. Contact her for help. You can also hear Lisa the Lender Saturdays at 3 p.m. on That Real Estate Show with Diane Brennan and Linda Williams on News/Talk 92.3 KTAR.

About the Author

Diane Brennan hosts That Real Estate Show on KTAR Sundays at 8 a.m. Before her career in real estate, you could hear Diane reporting the news and co-hosting for several years on KTAR. Her lengthy journalism career spanned the U.S and Canada before she turned her love of real estate into a full-time endeavor. Diane is a Realtor with Berkshire Hathaway Home Services and a dual citizen. She started building her business by helping Canadians and other foreign buyers purchase real estate during the sharp down turn in the Phoenix area market. Today, she helps buyers and sellers all over the Valley with their real estate needs. Her dedication to continued real estate education has earned her the designations of Master Certified Negotiations Expert, Certified Luxury Home Market Specialist, Certified Military Residential Specialist and Certified Scottsdale Real Estate Specialist.


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