Stephen W. Brooks

623-202-3833

Clear clutter away from rooms, clutter make the rooms look smaller and of course the buyer will think that the rooms are small too. The kitchen counters should be clutter free also.  furniture that is not used put in storage.   Move your furniture around in your home, sometimes the dining room become the office.   Potential buyers need to see each room has a purpose.

Rent furniture or accessories to fill in empty spaces.  Most furniture will show wear  and tear you may want to rent some newer looking furniture, you can also rent accent pieces like vase, dishes and more.

About the program:

America’s Home Buyer Solution Gift Program is designed to provide eligible homebuyers a gift of up to 2.5% of the sales price to be applied towards the FHA down payment and/or allowable closing costs for the purchase of a home.

Targeted towards quality affordable housing, approved homebuyers can purchase a home for as little as 1% down payment. The program also allows for the remaining 1% down payment to be gifted from any FHA allowable source.

The program is offered exclusevely through The Lending Company, a Direct Endorsed US Housing and urban Development lender. There is no requirement for the gift to ever be repaid. It is offered in concert with an IRS approved 501(c)(3) non-profit organization.

This is not a seller-paid down-payment assistance program and the seller is not required to participate.

Program Benefits:

• The program provides up to a 2.5% gift to FHA qualified home buyers
• Remaining down payment is as low as 1% (as above, if market conditions allow, down payment from borrower may be as low as 1/2%)
• Seller can and is encouraged to contrbute towards the closing costs to further assist the homebuyer
• Income requirements match USDA Income Guides
• Competitive interest rates
• Flexible FHA approval guidelines
• Not limited to first-time homebuyers
• Standard FHA appraisal
• Owner Occupied purchase only
• 1 units allowed
• FHA approved condominiums allowed
• Loan limits match FHA guidelines for each county
• Minimum credit score of 640
• Successful credit restoration allowed
• Automated AUS/DU approve/eligible determination required
• FHA qualified Non-occupant co-borrower/co-signer allowed
• No prepayment penalties
• Must complete approved Home Buyer Counseling Course
• Must meet income guidelines for approval
  Call Jeff Thomas (602-610-4030 jthomas@thelendingco.com) with the Lending Company to see if you qualify for this great program, and then callTheBrooksteamaz.com to find your “Dream Home”.
  Stephen W. Brooks
  623-202-3833
  www.thebrooksteamaz.com
  https://www.facebook.com/pages/The-Brooks-Team-AZ-Realtors/178283375540777

Lets first talk about the Lease Purchase which I’m sure you’ve all heard of . The lease purchase is a good option if you understand it. The way it works is (you find a Realtor like me with eXp) to help you find a home that fits your needs, where the owner is offering this option. At the time you lease the property you also agree to purchase the home in the near future at a set price, you pay the seller monthly and a portion of the monthly lease payments are to be applied to your down payment when the lease expires. Sounds simple right?

Well here is the problem that I’ve seen with lease purchases. When most people that were put into the lease purchase homes with impaired credit, there was no help, or guidance  to help the lessee. No follow up to see if lessee was doing the things needed to improve credit score to qualify for a loan to purchase when the lease is over. There for loosing the home and there down-payment in the process.

The Brooks Team has found a way to make this work. We we’ll guide you to the right people that will hold you accountable. www.quizzle.com is a great site to let you know where your credit is and where it needs to be to make your  lease purchase a reality.

Now the Lease To Own program is a great program that I’ve became aware of a short while ago. This is a great program which is run by Community Empower https://www.communityempower.com/lto/ from Texas and has spread to CO and AZ. There are 4 steps involved in this program.

Step one: You apply into the program to see if you qualify. Once pre-qualified you are assigned to a counselor that will discuss the benefit of a 4-month enrollment in there ScoreManager credit program regardless of whether you are immediately qualified for the program. This program will guide you to getting your credit inline to qualify for a mortgage.

Step 2: Once you are approved you find a Realtor, (like us) to help you find your new home. You’ll may have the chance to choose from many homes.

Step 3: Once you find the home and sign the lease and pay the appropriate fees you get the keys to your new home. During your 6-18 month  lease Score manger will help improve your score so you can become a home owner

Step 4 Lastly when your lease is up and you’ve followed Score manger you qualify for your mortgage and become a home owner. So give Darlene and I a call we’ll help stop renting and become a homeowner .

Stephen W. Brooks

623-202-3833

www.thebrooksteamaz.com

You can reach me at 623-202-3833