The City of Phoenix is receiving nearly $40 Million from the Federal Government in Neighborhood Stabilization Funds, which it will be using to help Phoenix residents buy “Bank owned” homes within the city limits. Approved applicants will receive $15,000 to go toward their down payment and closing costs. You do not have to be a first-time homebuyer to participate in the program, but the property you buy does have to be your primary residence.
To be eligible for the $15,000 in assistance, applicants must attend a Homebuyer Workshop. Applicants also must meet Gross Annual Income guidelines which are $53,950 or less for one person, up to $77,050 for a family of four.
To find out more about this Program or to obtain a list of foreclosed homes within the city of Phoenix, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or email@example.com