This program is specifically for homes that have been foreclosed and are currently owned by the Department of Housing and Urban Development. (HUD) Eligible homes in any area can be found at: (click link)
There is a huge amount of information about each home on this site, including property condition reports. When browsing, be sure to only look at homes that are marked "Insured" or "Insured with Repair Escrow". Large repair escrows can be difficult to arrange so read what needs to be done on affected properties. 203k Rehab loans are also available for some properties. You can purchase and repair the home up to $35,000 plus asking price!
(This program is not affected by Arizona's "declining market" status!)
CountryPlace Mortgage is authorized to originate these loans. We won't just pre-qualify prospective homebuyers, we will pre-approve them for this specific program. That way the buyer and their agent can make an offer that can actually close. These are not "short sales", the homes are already owned by HUD and they want them SOLD!
Need details? Don't be confused, call me with any questions at:
Jon Laird: 602-399-7329
CountryPlace Mortgage- AZ Mortgage Banker License - BK 0111446 / NMLS 2124 Jon Laird NMLS 175458
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CountryPlace Mortgage 1745 S Alma School Rd Suite 270 Mesa, AZ 85210