Buy a Home NOW with a 3% Down Payment or LESS!

Again… You Do Not Need 20% Down to Buy NOW! | Simplifying The Market

A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today.

1. Down Payment

The survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 40% of consumers think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less.

Many renters may actually be able to enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket.

2. FICO® Scores 

The survey also revealed that 62% of respondents believe they need excellent credit to buy a home, with 43% thinking a “good credit score” is over 780. In actuality, the average FICO® scores of approved conventional and FHA mortgages are much lower.

The average conventional loan closed in February had a credit score of 752, while FHA mortgages closed with a score of 686. The average across all loans closed in February was 720. The chart below shows the distribution of FICO® Scores for all loans approved in February.

Again… You Do Not Need 20% Down to Buy NOW! | Simplifying The Market

Bottom Line

If you are a prospective buyer who is ‘ready’ and ‘willing’ to act now, but are not sure if you are ‘able’ to, let’s sit down to help you understand your true options.  Give me a call – J.P. Cook – 602-320-4253.

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1950 W Hemingway Lane Anthem, AZ 85086

$515,000
4 Beds
2 Baths
1,827 SqFt
Status Active
MLS # 6693980
Property Type Single Family Residence
Price Type --
Exciting news! The seller is generously offering to pay off the solar system at the close of escrow for this amazing property! Don't miss out on the perfect place to call home. Step into this charming property and be greeted by a welcoming living room adorned with a soothing palette and beautiful wood-look floors that flow throughout the home. The open and bright great room is designed for gatherings and features a kitchen with white cabinets, built-in appliances, a pantry, and an island with a breakfast bar. The spacious main suite is a true sanctuary, boasting an accented wall and a well-appointed bathroom with dual sinks and a walk-in closet. This home understands the importance of functional comfort and offers the perfect backdrop for a lifetime of memories. But that's not all! The backyard is a true oasis, perfect for hosting al fresco dining or simply enjoying a peaceful swim in the pool. It caters to every mood and occasion, providing a tranquil and private setting. Don't let this gem slip away!

15130 W Andora Street Surprise, AZ 85379

$515,000
4 Beds
3 Baths
2,607 SqFt
Status Active
MLS # 6694832
Property Type Townhouse
Price Type --
This beautiful 4 bed, 3 bath townhome in Marley Park has all the right upgrades in all the right places! Discover spacious dining & living areas w/high ceilings, and trending palette throughout. The fabulous kitchen is comprised of painted cabinetry w/quartz counters, a pantry, herringbone tile backsplash, SS appliances, and a lovely large island. Downstairs has a spacious bedroom with a beautiful custom ''California Closets'' walk -in closet and a full bathroom. End your busy day in the primary bedroom, boasting elegant hardwood flooring, a walk-in closet, and a lavish ensuite w/dual sinks & a freestanding tub and shower. You'll also find a cozy loft area, great for sitting or an office. This home also has a stunning travertine side patio w/an attached pergola! This home simply has it al

10282 E Trailhead Court Gold Canyon, AZ 85118

$515,000
3 Beds
2 Baths
1,737 SqFt
Status Active
MLS # 6694132
Property Type Single Family Residence
Price Type --
Welcome to gated Peralta Trails located on the famous Peralta Trail! This home has a great open floor-plan, NEW ROOF, new ext. paint, updated kitchen with lots of cabinets (soft closing), granite counters, $8k worth of newer appliances, vaulted ceilings, skylights to brighten it up, the same tile flooring throughout the home, remodeled guest bathroom, plantation shutters, garage cabinets, and much more! Once you step outside to the backyard you see the huge travertine paver patio areas with a Alumiwood pergola for extra shade sitting area off the covered patio and just steps away from the hot tub! Without a house backing up to the back wall you get extra privacy and have Superstition Mountain Views! Just down Peralta Road is access to unlimited hiking, mountain biking, & off road trails!

14236 S 47th Street Phoenix, AZ 85044

$515,000 - 3Br/2Ba -  for Sale in Silverado At Crimson Ridge, Phoenix
New
$515,000
3 Beds
2 Baths
1,309 SqFt
Status Active
MLS # 6693218
Property Type Single Family Residence
Price Type --
Beautifully updated split bedroom plan with an open great room and all these wonderful features: Luxury plank flooring, (2022), slim electric crystal fireplace, (2023), vaulted beamed ceiling, Spacious kitchen with stainless steel appliances, a plethora of white wood cabinets, granite, (2020), and a breakfast nook. Situated on one of the largest private lots in the neighborhood, The sparkling pool was completed in 2022, with a pebble-tec finish, upgraded lighting, and ambient water feature. New Water heater, (2024). Garage Opener (2022) Low Maint. Landscaping has Artificial turf & gravel, (2022), mature trees, and flowering bushes. Designer paint in & out (2020). Prime Ahwatukee location with easy access to shopping, ASU, Sky Harbor, dining, shopping, mountain hiking/biking, and freeways

15923 W Summerwalk Drive Surprise, AZ 85374

$515,000 - 2Br/2Ba -  for Sale in Sun City Grand Desert Sage 2, Surprise
New
$515,000
2 Beds
2 Baths
1,894 SqFt
Status Active
MLS # 6689936
Property Type Single Family Residence
Price Type --
This is living in The Grand,step into luxury with this stunning Borgata model! The owners have created a private guest suite with the ability to close off this space in the home for ultimate privacy. If you are not hosting guests, you will be able to have that quiet area of the den all to yourself. This split floor plan is one of the most popular floor plans. The care and attention to this home are apparent with the freshly completed cool decking on the spacious front courtyard and walkways adding to the home's curb appeal. The spacious 3 car garage has recently had the epoxy coating updated There is plenty of room to entertain family and friends in the open concept great room, separate dining and OH my that spacious, expansive covered patio! WOW!!! Sit back & enjoy this oasis of pr

10219 E Superstition Range Road Gold Canyon, AZ 85118

$515,000
3 Beds
2 Baths
2,122 SqFt
Status Active
MLS # 6606685
Property Type Single Family Residence
Price Type --
NO SHORT TERM RENTAL RESTRICTIONS!! Priced to sell BELOW MARKET value! This home embodied elegance and modern sophistication. Built with meticulous attention to detail, it promises longevity and efficiency with premium 2X6 construction. Located in the heart of Gold Canyon, it offers a mix of privacy, serenity, and stunning beauty. Stepping outside, you'll find a private sanctuary designed like a high-end resort. The backyard features a covered patio, state-of-the-art built-in BBQ, and detailed stamped concrete and travertine tile. Lush turf, elevated patio areas, and breathtaking mountain vistas create an entertainer's dream. Inside, the open floor plan has 22'' porcelain tiles, eliminating the need for carpets. The gourmet kitchen includes a gas cooktop, exotic granite counters a stylish tile backsplash, and a commodious counter-height island and a brand new Kinetico whole house water system (over $10,000!). The rich 42 solid maple cabinets, enhanced with rollout shelves, and state-of-the-art stainless steel appliances, add to the culinary experience. Meanwhile, the ambient recessed lighting sets the perfect mood for a cozy dinner or a grand feast. Master Suite Retreat: The expansive master suite is designed for both relaxation and functionality. With its contemporary quartz counters, spacious walk-in closet, and a luxuriously appointed bathroom featuring a separate tub and shower, every day feels like a spa day. And for those who require additional storage or a workspace, the custom stone creek Murphy bed & built-in shelving provide ample versatility. Additional Features: Recent upgrades amplify the home's appeal - a brand new roof was installed in 2020, and a fresh coat of paint brightens both the exterior & garage as of 2021. As you approach the home, you're greeted by a generously sized front courtyard that exudes warmth and welcome. New solar installed 12-2022 with LOW assumable payments at 0% interest! SAVE SAVE SAVE!!

16286 W Scarlet Canyon Drive Surprise, AZ 85374

$515,000
2 Beds
2 Baths
2,035 SqFt
Status Active
MLS # 6599560
Property Type Single Family Residence
Price Type --
This recently upgraded gem boasts new lustrous vinyl flooring that adds a touch of modern elegance to the interiors. The entire space has been thoughtfully painted, creating a fresh and inviting atmosphere throughout. Prepare to be amazed by the brand-new white cabinets gracing both the kitchen and bathrooms. These cabinets not only offer ample storage but also lend a clean and sophisticated look to the living spaces. The countertops have been upgraded to luxurious quartz, adding a touch of class and durability to your living experience. With an office included in the layout, this home caters to the needs of remote work or a quiet study space, providing the perfect blend of comfort and functionality. As part of a wonderful community, you'll have access to a golf course that is sure to delight golf enthusiasts. Imagine leisurely rounds of golf against the backdrop of the stunning Arizona landscape. Experience modern living combined with tasteful design in a community that offers both convenience and recreational amenities!

16375 W Windcrest Drive Surprise, AZ 85374

$515,000
2 Beds
2 Baths
2,035 SqFt
Status Active
MLS # 6599509
Property Type Single Family Residence
Price Type --
This remarkable home has undergone a stunning remodel that is sure to impress. Step inside and be greeted by the elegance of new vinyl floors that seamlessly flow throughout the space. The kitchen has been beautifully updated with white cabinets that provide ample storage while creating a bright and inviting atmosphere. The countertops in both the kitchen and bathrooms have been upgraded to sleek Quartz, adding a touch of luxury to your everyday life. In addition to the impressive interior, this home boasts an office space, allowing you to effortlessly manage your professional and personal tasks from the comfort of your own home. What sets this home apart is its incredible community that features a golf course. Golf enthusiasts and nature lovers alike will find solace in this unique setting. Convenience, elegance, and a touch of luxury define this exceptional property!

1716 Alpine Meadows Lane Prescott, AZ 86303

$515,000
2 Beds
2 Baths
1,687 SqFt
Status Active
MLS # 6628402
Property Type Townhouse
Price Type --
Step into luxury with this fully furnished 2BD/2BA Hassayampa condo, boasting a private office, elevator, and 2-car garage. Gaze out at the golf course and Thumb Butte from the deck, cozy up by the gas fireplace, or cook in style in the kitchen with custom cabinets and granite countertops. The master suite offers ample wardrobe space, while central air and a built-in washer and dryer add convenience. This gated community gem is the perfect Prescott haven, ready for you to move in and enjoy...

330 W Verano Place Gilbert, AZ 85233

$515,000
4 Beds
2 Baths
2,123 SqFt
Status Active
MLS # 6630025
Property Type Single Family Residence
Price Type --
CORNER LOT OF A CUL DE SAC! Nestled in the middle of a quiet neighborhood, close to freeways and downtown Gilbert. Floorplan features split bedrooms, a family room, formal living and dining area. Backyard has a fountain and an extra building w/ 220/115 that would be a nice workshop. The 2nd bathroom has an exit to the patio that is a great asset to entertaining. Garage features built in closets and a work bench w/a vise. Extra parking slab to right of driveway. Lots of upgrades. Lots of tile, vaulted & 10' ceilings and skylights. Washer, Dryer and Refrigerator conveys. Buyer(s) and Buyer Agent to verify all information.

4525 N 66th Street Scottsdale, AZ 85251

$515,000
2 Beds
2 Baths
1,962 SqFt
Status Active
MLS # 6633331
Property Type Townhouse
Price Type --
This STUNNING REMODEL has a unique, open floorplan that will be the envy of everyone! Owner has created a home that is open. light and bright, with designer touches everywhere! Beginning with the new tile flooring & reconfigured chef's kitchen, enjoy the raised ceilings, gorgeous two-toned cabinets, sparkling quartz countertops & glass backsplash tile, and all new kitchen island & ''smart'' Thermador stainless appliances! This open kitchen is truly one-of-a-kind and it opens beautifully to the adjacent family room providing a wonderful layout to relax or entertain guests! The family/dining area also has raised ceilings, and a wall of windows that brings in lots of light, and views to the beautifully landscaped backyard! The home office/den connects to the family room, and easily converts to a 3rd bedroom! Step into the master bedroom & bath, again featuring gorgeous new modern tile finishes and cabinetry, and a new walk-in shower! Master bdrm includes a large walk-in closet, and views to the professionally landscaped front yard & garden. The second bathroom is also completely remodeled with gorgeous tile & glass, perfect for spoiling your guests! Step outside to the expansive covered patio and enjoy a large lot with professionally landscaped & maintained yard & gardens! This outdoor space is perfect for relaxing, entertaining and enjoying your pets! This amazing guarded-community offers tons of ammenities including 3 pools, tennis & gaming courts, a workout facility and event space, and peace-of-mind with complete exterior maintenance of the home! All these amazing home features PLUS its perfect location in the heart of Scottsdale with quick access to Fashion Square Mall, Old Town Scottsdale, tons of restaurants, golf and hiking...you don't want to miss this incredible home!

4066 E Cathy Drive Gilbert, AZ 85296

$515,000
3 Beds
2.5 Baths
2,303 SqFt
Status Active
MLS # 6637333
Property Type Single Family Residence
Price Type --
The wait is over! Book your tour on this awesome 3 bedroom, 2.5 bath, 2 garage home with loft and huge living area! Located in prime Gilbert location off Recker and Warner and close to 202! Very nice kitchen granite counters, white cabinets, kitchen island, double wall ovens, and newer dishwasher! Huge formal dining area that can be used for separate living area if desired. Functional loft on the second level perfect for work space or living area. Massive primary suite with room for sitting area and large walk-in closet. 2 sinks, separate tub and shower and private toilet room. Jack and jill bath at secondary bedrooms for added convenience. Community offers pool and spa, large grassy park, and playground. Great value and great location make this a great buy!

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