Do you want to buy a home but need cash for down payment and closing costs?

September of 2012 the City of Phoenix and Maricopa County rolled out a new plan to help Maricopa County homebuyers by offering grant money for down payment and closing cost assistance on new mortgages totaling 5% of the original loan amount. The program is called “Home in Five Advantage” and is issued by the Industrial Development Authorities (IDA). Buyers can get 30 year, fixed rate mortgages with attractive interest rates.

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