This program creates the option of qualifying for up to $40,000 dollars toward the purchase of this new home. Wouldn't it be great if the $40,000 dollar credit was forgiven? Well it is, if you purchase a home through this program and stay in the residence for 5 years you can forget about paying back that $40,000!!
We have 58 homes that qualify for this program located in Stafford AZ, and Willcox AZ. Contact us soon for more information. 520-413-1600
What's a subsidized loan? Subsidized loans are loans for which the borrower does not pay interest. Interest would normally be charged periodically according to the annual percentage rate (APR). With a subsidized loan the interest is paid by another party.
How do I qualify for a subsidized loans? Depending on the source of your loan, you'll need to see if you qualify. Some housing loans (like some first time home buyer loans) require that you live in a certain area and earn less than specified dollar amount.
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