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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6243 E Sunnyside Drive Scottsdale, AZ 85254

$1,795,000
4 Beds
3 Baths
3,124 SqFt
Status Active
MLS # 6763734
Property Type Single Family Residence
Price Type --
Here is a rare opportunity to own in the highly desired and gated Equestrian Manor. With slump block construction, this is a very solid build. The Roof was replaced in 2022. This functional floorpan offers 2 fireplaces, a wet bar and high ceilings in the family room, spacious eat in kitchen, wood shutters and more. Given this property is nestled at the end of a cul de sac on 0,81 acres, with a circular driveway, and sparking pool/ jacuzzi, it provides a great space for entertaining family and friends. This home is being sold AS-IS.

6311 E Monterosa Street Scottsdale, AZ 85251

$1,795,000
4 Beds
3 Baths
2,287 SqFt
Status Active
MLS # 6757604
Property Type Single Family Residence
Price Type --
***Quintessential Arcadia Ranch***Located in the ''sweet spot'' between Lafayette & Exeter. Large corner cul-de-sac lot with picturesque front yard curb appeal and broadside view of Camelback Mountain. Also known as Friendship Lane, you'll feel welcomed upon arrival. Inviting front patio sitting area leads to classic entry way, large island/eat-in kitchen, vaulted dining & great room, w/ wood burning fireplace, solid oak wood floors, w/ herringbone patterned brickwork, wainscoting & plantation shutters. Granite counters, custom cabinets, stainless Viking appliances, newer lights & fixtures, crown, split floor plan, w/ 2 master bedrooms, outdoor built-in BBQ, & sparkling swimming pool. Large primary master suite w/ jetted tub & big closet. Office off laundry room, side loading 2.5 garage.

7147 E Rancho Vista Drive Unit 4011 Scottsdale, AZ 85251

$1,795,000
3 Beds
2 Baths
1,922 SqFt
Status Active
MLS # 6722919
Property Type Apartment
Price Type --
A true Optima Camelview renovation masterpiece. The attention to detail is unparalleled. From the moment you walk in you'll be awed by the very specious open floor plan which looks out towards the endless floor to ceiling glass windows and huge completely private terrace. Lavishly renovated from head to toe, no expense was spared in adding every luxury and feature to this breathtaking retreat. Exquisite custom cabinetry and countertops throughout. An extensive Wolf and Sub Zero appliance package, breathtaking custom quartzite slab gas fireplace, smart accent lighting controlled via Lutron Caseta, automated blinds through out +++ All found within the luxurious Optima Camelview Village, with it's unbeatable location & state of the art architecture/amenities. Amenities include: Two Outdoor Zen Pools, Spas & Bbqs One on each side of the community (heated year round). 24,000 sq. ft. Fitness Center (Recently Remodeled). Mens & Womens Locker Rooms w/ Steam Rooms, Showers and Private Lockers. Indoor Lap Pool & 2 Spas (Heated year round), On-site concierge, Putting green, Hybrid Basketball / Pickle-ball Court, Racquet ball court, On-site restaurant (metropolis), conference room, 24/7 Security, Reservable party room and multi-purpose fitness/yoga room.

7180 E Kierland Boulevard Unit 308 Scottsdale, AZ 85254

$1,795,000
3 Beds
3 Baths
2,018 SqFt
Status Active
MLS # 6759965
Property Type Apartment
Price Type --
Luxury Living starts here in N. Scottsdale's highly acclaimed Optima Kierland Tower! Urban walkability & State of the Art Amenities make this the ultimate find! Rare 3/bedroom, 3/bath, NE corner end unit of the 3rd Floor. Picturesque Mountain Views, Floor to Ceiling Windows & Sliding Wall of Glass open to a large Covered Terrace. The expanded 2018 sf floor plan offers a spacious design combining the kitchen, living and dining spaces seamlessly together for the ultimate in open concept high-rise living. Feature wall with linear gas fireplace and custom mantel. Sleek kitchen design with flat-panel cabinetry, custom sliding shelves, Bosch SS appliances, gas cooktop with custom vent hood, granite countertops and prep. island w/breakfast bar seating. Generous split floor plan enjoyed with two primary suites with en-suite baths; one oversized with seating area; both having spacious walk-in closets. The 3rd guest room offers a built-in Murphy Bed perfectly suited for an office/guest suite. Exceptional Extras Include: Sliding wall of glass, motorized shades throughout, primary suite blackout shades, primary bath spa shower, upgraded custom lighting, WiFi thermostats, outdoor tile patio, 2-gas stubs for outdoor bbq and firepit, and more. **Includes 2-parking spaces conveniently located just across from the elevator, as well as a separate Storage Unit.** Gorgeous views of the McDowell Mountains start from your unit and continue from the rooftop pool and patios with breathtaking views, rooftop running track, BBQ areas, TVs, spa, sauna, plunge pool, steam room, & entertaining areas large and small. On the main level, enjoy all the luxurious amenities you could ask for including state of the art fitness center, massage and spa, locker rooms, indoor sports courts including pickleball, basketball, and racket ball, plus party room, coffee bar, gaming room, ping pong and pool table, virtual golf, media area, numerous indoor and outdoor entertaining spaces, and even a shaded dog park with bathing and water stations. Urban walkability is ideally situated right across the street from Kierland Commons & Scottsdale Quarter for luxury shopping, dining and entertainment. Plus, you're minutes from the 101, Scottsdale Airpark, TPC Scottsdale, and WestWorld.

28729 N 107th Street Scottsdale, AZ 85262

$1,790,000
4 Beds
4.5 Baths
4,197 SqFt
Status Active
MLS # 6787474
Property Type Single Family Residence
Price Type --
Nestled at the end of a quiet cul-de-sac in the coveted Candlewood Estates neighborhood of Troon North, this stunning Desert Contemporary custom home offers the perfect blend of luxury, comfort, and natural beauty. Spanning 4,197 square feet, this exquisite residence features 4 bedrooms and 4.5 bathrooms, each designed to maximize space and create a tranquil sanctuary amidst the breathtaking desert landscape. As you step inside, you're immediately greeted by an abundance of natural light pouring through large windows, filling the expansive interiors and offering sweeping views of the surrounding desert hills and rugged terrain. The seamless transition from indoor to outdoor living is evident at every turn, with the home's open-concept design connecting the spacious great room to the central courtyard, where a sparkling pool and spa create an ideal space for both peaceful relaxation and lively entertaining. The great room, with its inviting fireplace and ample seating area, strikes a perfect balance between luxurious finishes and casual comfort an ideal setting for family gatherings or quiet evenings. Adjacent to the great room is the chef-inspired kitchen, a true masterpiece of design. Outfitted with high-end stainless steel appliances, custom cabinetry, it is a space that effortlessly blends style with functionality, making it a true hub for both everyday meals and larger gatherings. The primary bedroom suite is a true retreat, a spacious and serene getaway that offers stunning desert views, a large walk-in closet, and a spa-like bathroom complete with a soaking tub and walk-in shower. Every detail of the home has been thoughtfully designed with relaxation and comfort in mind. Outside, the central courtyard is a hidden oasis, complete with a shimmering pool, relaxing spa, and lush greenery, creating a peaceful and private atmosphere for enjoying the Arizona sunshine. Whether hosting friends by the pool or unwinding in the evening with a glass of wine under the stars, this home offers an unparalleled blend of luxury, tranquility, and modern living. With its perfect balance of space, comfort, and natural beauty, this home in Candlewood Estates is more than just a place to live. It's a peaceful desert retreat that invites you to slow down, relax, and enjoy life's simpler pleasures.

30793 N 77th Way Scottsdale, AZ 85266

$1,790,000
4 Beds
3.5 Baths
4,143 SqFt
Status Active
MLS # 6752417
Property Type Single Family Residence
Price Type --
Beautiful home on one of the best lots in popular gated Bellasera. Open and airy floorplan with 4 bedroom/3.5 baths. Enter through front door and be greeted by a wall of windows overlooking backyard and pool and the awesome mountain views! Separate ''guest wing'' with two bedrooms, bath and flex room. Other features include island kitchen with gas cooktop, double ovens, and walk-in pantry, overlooking spacious family room with fireplace, shutters, tile flooring, and pre-wired for surround sound. Extra large Primary Suite that has custom closet organizer. Private backyard features private pool & spa, mature landscaping and oh those views! Enjoy the state-of-the art community center that has pool, spa, workout room and pickleball. All of this, close to shopping, restaurants and golf!

1206 N La Costa Lane Flagstaff, AZ 86004

$1,786,000
4 Beds
5 Baths
3,965 SqFt
Status Active
MLS # 6776912
Property Type Single Family Residence
Price Type --
Welcome to your gorgeous mountain home in Flagstaff's amenity-rich Continental Country Club neighborhood. Enjoy 2.17 private acres in town—minutes from outstanding schools, golf, and trails! This updated home has panoramic forest views, private patio and deck areas, and easy-maintenance landscaping. The main floor boasts vaulted ceilings, a primary suite, two living spaces with fireplaces, 2 half-baths, a dining area, and an open kitchen with views overlooking the acreage. Upstairs, a 2nd ensuite, a 3rd bedroom, and another full bath. Downstairs has a 4th bedroom, full bath, gym/flex space, and living space--with in-law quarter potential. The expansive floorplan is both elegant and functional. Newer roof (2023) and outside paint (2022). City utilities and services.

8155 E Thorntree Drive Scottsdale, AZ 85266

$1,785,000
3 Beds
3.5 Baths
4,274 SqFt
Status Active
MLS # 6780559
Property Type Single Family Residence
Price Type --
VIEWS, LOCATION, PRIVACY, MOVE-IN-READY describe this grand, quality-built North Scottsdale home in gated community of Verdante. Resort style backyard built in 2015. Inside this updated home is travertine flooring, 12ft ceilings & 8ft solid core doors w/ extra wide doorways and halls. The primary suite w/sitting area includes spa-like bathroom, two toilet rooms, oversized tub, large walk-in closet. Two offices with clear views of mountains and courtyard. Gourmet kitchen has ALL the bells and whistles, large Quartzite(TajMahal) island, 5-burner gas stove & walk-in pantry. Great room w/ gas fireplace & full bar w/ wine fridge, perfect for entertaining. Home is on ¾+ acre lot, surrounded by natural desert & stunning mountain views. Conveniently located between Pima & Scottsdale. Major updates include HVAC Trane XV18 units (2018), roof w/transferable warranty (2022) and windows (2021). Backyard renovation (2015) included adding pool w/stacked stone surround, firepit, BBQ, travertine pavers and landscaping. The pebble-tec, self-cleaning, heated pool includes two water features and a Baja shelf. Two orange trees in backyard.

2508 W Mesquite Street Chandler, AZ 85224

$1,785,000
4 Beds
3.5 Baths
4,188 SqFt
Status Active
MLS # 6766098
Property Type Single Family Residence
Price Type --
ASSUMABLE LOAN at 2.5%! Quiet country feel within minutes to 101, 60 & 202 in the City of Chandler! 1.3-acre lot, this stunning home offers a perfect blend of modern convenience and country charm. 4 spacious bedrooms and 3.5 luxurious bathrooms, the home is designed for both comfort and practicality. Whether you're an outdoor enthusiast or car aficionado, the massive 40x40 RV garage complete with an evaporative cooler and a car lift is the ultimate space for your vehicles, tools, and hobbies. For professionals or those working from home, the dedicated office provides a quiet and functional space. If you love horses or animals, the property features stalls equipped with power, water, and air conditioning, along with a lit and irrigated pasture!

517 E Pony Lane Gilbert, AZ 85295

$1,779,900 - 4Br/3Ba -  for Sale in Palomino Acres, Gilbert
New
$1,779,900
4 Beds
3 Baths
2,600 SqFt
Status Active
MLS # 6785523
Property Type Single Family Residence
Price Type --
Here's your chance to surround yourself with some much needed peace & quiet in the middle of town! The perfect set-up to build an RV garage, add onto the existing home for a next generation, or guest quarters. the possibilities are endless ! Main home is a 4BR/2BA home with recently added updates, huge living & great room, updated kitchen & bath. Stone & cherry laminate flooring throughout & a cozy fireplace in the great room. Over 2-acres to stretch out, ride horses & to store your trucks, toys & trailers! Arena, tack room, 2-stables & tons of storage... New painted stucco smooth exterior finish, dual pane windows & updated roof to name a few exterior updates. A must see ! Superior location, only 5 minutes to the south 202 FWY, & 30 minutes east of Phoenix.

36530 N Boulder View Drive Scottsdale, AZ 85262

$1,778,000
5 Beds
4.5 Baths
3,947 SqFt
Status Active
MLS # 6764648
Property Type Single Family Residence
Price Type --
Welcome to Boulder Heights in North Scottsdale. A wonderful community of custom homes close to Carefree and Cave Creek. The front elevation of the home highlights the gorgeous grove of trees as you enter the iron gated courtyard passing the guest casita and courtyard cactus garden. This five bedroom home features a great room floor plan, gourmet kitchen, city lights sunsets and mountain views. Backyard with covered patio over looks the pool for entertaining family and friends. Enjoy the summer sunsets while enjoying outdoor entertainment from the large screen TV. Three car garage and gated side yard parking for all your toys.

8277 E Tailspin Lane Scottsdale, AZ 85255

$1,775,999
4 Beds
2.5 Baths
2,853 SqFt
Status Active
MLS # 6725375
Property Type Single Family Residence
Price Type --
Discover unparalleled luxury living in this exquisitely remodeled 4-bedroom, 2.5-bathroom retreat nestled in a serene neighborhood. Boasting a host of premium amenities, this home offers a blend of sophistication and functionality. Step into the chef's kitchen, where culinary dreams come to life with high-end Thermador appliances (inc. nugget ice maker, espresso machine, and wine fridge) sleek countertops, and ample storage in custom cabinetry. Entertain in the adjoining dining and living areas, enhanced by natural light and stylish finishes. The master retreat beckons with its spa-like atmosphere, featuring a separate tub, spa, and dual vanities for a private escape. Three additional bedrooms provide flexibility for guests or a home office, each offering comfort and contemporary design. Outside, indulge in resort-style living with a shimmering pool to cool off on warm Arizona days, complemented by a professionally landscaped putting greenan entertainer's delight and a golfer's paradise right at home. Adding exceptional value, this residence features owned solar panels, ensuring energy efficiency and significant cost savings. Enjoy the peace of mind and environmental benefits while reducing utility expenses year-round. Located in a sought-after community with easy access to amenities, schools, and recreational facilities, this home presents a rare opportunity for luxurious living in a prime location.

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