Phoenix Offers Home Buying Help for Helpers: First Responders, Police, Fire, Paramedics and Teachers

Scan 57Have you ever had that thought? The one that goes like this: It seems so unjust that athletes, movie stars, and Wall Street traders get paid mega-bucks while our teachers, police and firefighters struggle to get by (“teachers get paid bubkas”, as my friend once put it).

Well Phoenix’s helpers just got a financial boost when it comes to purchasing a home. A grant totaling 4% of the mortgage loan amount is now available for downpayment or closing cost assistance to teachers and first responders including police, firefighters and paramedics. An additional 1% is available to military personnel and public safety workers. The program is restricted to those earning less than $88,000 per year and on homes priced under $300,000.

This program makes homeownership possible for some who might not be able to purchase otherwise. The grants are provided with no repayment obligation. On a $285,000 home that assistance amounts to somewhere between $11,000 and $14,000 of free money toward the downpayment or closing costs.

The next time you come across a “helper” let them know that there is a program out there designed to help them make homeownership more affordable, and have them give me a call. Happy to help those who devote their lives to helping us all.

 

 

 

 

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