In this second episode of The Arizona Report™, we visit with mortgage loan officer Rosie De La Cruz Pollaehne about down payment assistance. Rosie is a veteran mortgage specialist with over 25 years in the mortgage business. She is based out of Phoenix with Security National Mortgage Company.
I invited Rosie to share her insights and experience regarding down payment assistance programs. There are two principal programs, Home in 5 and the Arizona Home Plus program.
Both programs provide qualifying applicants with funds toward a down payment and do not need to be repaid. Applicants must meet minimum credit score requirements and have a household income under the thresholds discussed in the video. Closing cost assistance is also available.
The Home in 5 program is available for Maricopa County residents only. The Home Plus program can currently be used in all Arizona counties except Pinal County.
https://www.youtube.com/watch?v=_0SGs7fMOY8
Rosie can be reached at 602-790-7703 or rosie@snmc.com.
Links to the Home in 5 and Arizona Home Plus program are included below:
The program was recorded on Tuesday, August 22, 2017, in our Scottsdale studio.
Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it’s the third that trips them up. And nowhere does that come into play more than the mortgage market.
– Jean Chatzky, American financial journalist, and author
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