Sunday, October 19, 2008

Arizona Homes for Sale-Foreclosure Homes in Avondale, Phoenix, Buckeye, Mesa and Glendale

We have recently updated our Arizona Real Estate website, to add our Arizona foreclosure homes in Avondale, Buckeye, Phoenix, Mesa and Glendale.

Go to and click on "Our Arizona Homes". The majority of our Arizona home listings are foreclosed, bank owned homes. In addition, once you arrive at our website, scroll all the way down to the bottom of the page and you will notice a directory of our listings with a title telling you which city the Arizona foreclosure house is located and the price.

If you have any questions about any of these Arizona foreclosures, please feel free to call or email us at anytime!

Casey and Trisha Ross
Welcome Home Realty
Phone: 623-326-4128

Saturday, May 26, 2007

Thursday, April 19, 2007

Avondale homes for Sale-Goodyear Homes for Sale-Litchfield Park Homes for Sale

Visit the link above to view Avondale homes for sale, Goodyear homes for sale and Litchfield Park homes for sale. Listings include photos, descriptions and tours.

And as always, if you would like customized Arizona home listings sent to you, contact Trisha Ross, Welcome Home Realty at 623.326.4128.

Thursday, March 08, 2007

Phoenix Townhome For Sale

16225 N. 30th St.
Phoenix, AZ 85032

Listed by Trisha and Casey Ross
Welcome Home Realty
Cell: 623.326.4128 or 623.326.4132

Cute 2 bedroom townhome is perfect for your buyer and affordable. Downstairs is decorated in neutral colors and includes kitchen w/ fridge, great room with fireplace, half bathroom with pocket door, inside laundry room with washer and dryer included. Upstairs features 2 nice sized bedrooms with a full bathroom & linen closet. Home is located in a quiet neighborhood with a view of the pool from the front door. The back patio is enclosed by a brick wall for added privacy. New development surrounding the area. Come take a look before its gone. Seller will contribute towards closing cost with full price offer.

Saturday, March 03, 2007

Search the Arizona MLS-Homes, condos, tonwhomes and Rentals

We recently launched our new site, Our new site includes many valuable links and resources including the Arizona MLS search, Arizona new home builder links, Buyer and seller resources and much more. Be sure to visit our site and contact us with any questions about homes for sale in Arizona!

Friday, December 15, 2006

Get into a home now!

By Casey Ross
Century 21 Centre Point
Phoenix, Arizona

There’s no question about it: Buying a first home is a big financial commitment. In most cases, a home is the largest single purchase an individual or family will make in a lifetime. However, because of the tax advantages afforded to homeowners, buying a home also can be one of the best financial decisions you’ll ever make.

Problem is, many would-be homeowners remain renters simply because they mistakenly believe mortgage lenders require that buyers come up with 20 percent of the purchase price as a down payment. While it’s true lenders feel it’s less risky to work with buyers who are able to bring a substantial down payment to the table, the standard 20 percent requirement is fast becoming a relic of the past. In recent years, lenders have become more flexible in working with first-time homebuyers by creating a variety of special programs that require only a small down payment. These programs, combined with the most favorable interest rates in two decades, have encouraged growing numbers of renters to consider the tremendous benefits of home ownership.

While the list of programs offered by individual lenders is too extensive to mention in detail, here are some common programs you are likely to come across as you work with your real estate agent to purchase your first home:
Federal Housing Administration (FHA): FHS mortgages allow homebuyers to purchase a home with as little as a 5 percent down payment, and to finance all non-recurring closing costs. The current maximum loan amount in most urban markets is $151,725. In addition, borrowers are allowed to use up to 41 percent of their gross income toward paying mortgage debt – well above the ratio allowed under most private programs.

Department of Veterans Affairs (VA): VA mortgages allow veteran or active service personnel purchase home with no down payment, up to the current maximum price of $184.000. However, there is no purchase price limitation for buyers able to make a down payment. Like the FHA program, VA borrowers can put up to 41 percent of gross income toward their mortgage debt.

Mortgage Revenue Bonds and Mortgage Credit Certificates: Mortgages funded with these instruments typically require a minimum of 5 percent down and have interest rates that are 1.5 to 2 percentage points below conventional 30-year fixed rates. These types of loans, offered by state and local housing agencies, are available only to first-time homebuyers. There generally are income and purchase price caps that vary, depending on where you plan to buy.

Private Mortgage Insurance: Most major lenders offer privately insured mortgages, which generally require a 10 percent down payment (although some lenders offer loans with a 5 percent down payment to buyers with exceptional credit). These loans typically are not limited by maximum loan amount or purchase price limitation.
Community Homebuyer Program: Through their networks of mortgage lenders, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) offer Community Homebuyer Program loans. These programs require a 5 percent down payment, 3 percent of which may be a gift. To further help buyers qualify, applicants may use 38 percent of their gross income. Currently, the maximum loan amount available through these programs is $203,150.

Clearly, there are a lot of options for first-time homebuyers. While lenders will be more than happy to share information about their own programs, you can save yourself a good deal of time by first selecting a professional real estate agent who is experienced in working with first-time buyers in the areas where you plan to buy. As agent who focuses on first-time buyers will know from experience which lenders in your area offer a low down payment program that will meet your unique needs.

Today, taking the first step toward owning your own home is easier than before. Your real estate agent is your best resource for finding innovative ways to help you come up with a down payment and qualify for financing. There’s certainly no need to wait until you’ve saved a 20 percent down payment! As always, please call us with any questions you may have or if you need assistance finding that dream home to purchase.

Happy Holidays! Casey Ross, Welcome Home Realty 623-326-4132