Free Government Grant Money Available in Maricopa County for Down Payments

There are many great Tempe area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (480) 776-5200 for a FREE home buying or selling consultation to answer any of your real estate questions.

I'm here to talk about an exciting new program that can help pay for part of your new home if you qualify. It's actually a government grant, so you do not have to pay any money back!

Home in Five Program - Exclusive to Maricopa County

• A grant with no repayment terms. So yes, this is free money!
• Maximum amount available is 5% which will cover closing costs and your down payment.
• However, you must have a minimum 640 credit score.
• Your maximum family income can be no greater than $88,000.
• You must complete a home-buying course (which can be done online).
• The loan is a 30-year fixed rate.
• This loan is also available for military members with no income requirement and the maximum reimbursement can be raised to 6%. 

This program is exclusive to Maricopa county, so if you're interested and would like to speak with me about this amazing opportunity, then I can gladly set aside some time for you. You can call me at (480) 776-5200 or email me at Kagnew@kw.com

How do Appraisals Work?

Thanks for visiting my video blog! There are just so many questions surrounding the home-buying process so it's easy to get lost. Today I want to talk about one question in particular I was asked by a client of mine: what happens if the appraisal value of my home comes in low? Fortunately, we haven't experienced this problem as much as we did earlier in the year, but it still raises an important question. Appraisals are a mystery to a lot of us, so how do they work?

Appraisals are used to protect you from over-paying and to protect you from spending outside of your payment bracket. They are also used to keep the market stable and prevent inflation.

The mortgage company sends an appraiser to the home. Using pending sales and closed sales, they evaluate your home in comparison. As a real estate agent, it is our job to guide that appraiser. We give them facts about the area and neighborhood. We present them with recent homes that are similar and have sold for a high value. So it's important that the appraiser has this key information. This way you stand a better chance of getting a higher appraisal value.

If you have any questions about how to increase your appraisal value, please give me a call today! Let's talk about your home! Thanks for watching!