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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7646 E Hidden Canyon Street Mesa, AZ 85207

$7,999,950
5 Beds
7 Baths
9,000 SqFt
Status Active
MLS # 6760394
Property Type Single Family Residence
Price Type --
Exceptional Modernterranean Estate at framing stage by Micela Builders. Like no other, the pad offers unparalleled privacy within the exclusive gated community of Hidden Canyon at Las Sendas. Backing onto the Tonto Forest, this single-level home features walls of glass for seamless indoor-outdoor living experience and boasts exquisite marble accents, a two-way fireplace, and en suite bedrooms. The resort-style backyard offers a negative-edge pool, spa, and rooftop deck with stunning mountain views. Its 1,600 sf air-conditioned garage accommodates 6-8 car parking. The home embodies meticulous craftsmanship and architectural brilliance.

5508 N Quail Run Road Paradise Valley, AZ 85253

$7,995,000 - 5Br/7Ba -  for Sale in Stoneview, Paradise Valley
New
$7,995,000
5 Beds
6.5 Baths
7,040 SqFt
Status Active
MLS # 6826540
Property Type Single Family Residence
Price Type --
Indulge in the epitome of luxury living with this breathtaking residence. As you approach, the curb appeal captivates you with its exquisite opulence, as you drive under the large portico adorned with large Cantera stone pillars and a beautiful tongue & groove wood ceiling. Step inside the 10-foot double metal and glass entry doors, setting the stage for the grandeur that awaits within. The main house offers 4 bedrooms, 5 bathrooms, plus a powder room for the convenience of guests. The guest house boasts 924 sq ft, offering a large bedroom, bathroom, living room and full kitchen. Enter through the grand foyer, boasting soaring hand-painted Groin arched ceilings and rich maple wood flooring creating an immediate sense of elegance. The formal domed dining room, adorned with similar hand-painted ceilings, invites you to savor refined meals and opens to a private courtyard, seamlessly blending indoor and outdoor living. A versatile office study, doubling as a potential fourth bedroom, offers coffered ceilings and double-crowned ceiling accents, plus a full bathroom of its own. This room opens to yet another charming courtyard, providing a tranquil and private retreat. As you continue into the living area you will experience an open living room with the main focal point being the large gas fireplace adorned with a large Cantera stone mantle and custom-made gate. The large sliding glass wall lends to the backyard oasis, offering stunning views of Camelback Mountain. You'll love the custom kitchen, the true heart of the home. This culinary delight offers an expansive granite island, pendant lighting, ivory cabinets, and exquisite details like a custom hood vent and ornate backsplash. Other impressive upgrades include a pot filler, high-end appliances, including a 48 Wolf Series gas range and a Sub-Zero integrated freezer and refrigerator. Designed for entertaining, the butler's pantry compliments the kitchen, providing additional cabinetry, countertop space, a sink, a second dishwasher and an additional full-size refrigerator. The powder room is a work of art with custom textured walls and a hand-selected onyx stone sink, adding a touch of sophistication. As you walk down the hallway you will be met with the lavish 300 bottle climate-controlled wine room, which is a piece of art by itself. You will then enter the bonus living area, perfect for family movie nights. The additional bedrooms, which are generously spacious, offer a haven of comfort with private en-suite bathrooms and walk-in closets. The tranquil primary master suite is the highlight of this magnificent home. A secluded primary wing retreat, featuring over 2000 sq ft. With automatic shades, a soothing electric fireplace, and direct access to the backyard oasis, you might never want to leave. The primary en-suite is a true sanctuary, offering two private water closets, separate sinks, and custom large walk-in dual closets. The grand jetted soaking tub, adorned with an ornate chandelier, provides a luxurious space for relaxation. Additional features of the primary en-suite include an expansive walk-in steam shower, a separate washer/dryer, and an extended nook area that can be customized for various purposes, such as a gym, nursery or office space. Step outside to the backyard, a true paradise designed for leisure. An expansive covered patio with a tongue and groove ceiling, fans, and a misting system beckons you to unwind. The 45 ft sparkling pool and infinity edge hot tub offer a refreshing retreat after a long day. For golf enthusiasts, two putting greens await, adding a touch of recreation to the outdoor haven. Overlooking the pool, a stately ramada area becomes the focal point for entertaining, complete with a cozy fireplace and a gas grill. This outdoor space seamlessly combines luxury and leisure, providing a perfect setting for gatherings. The property extends its hospitality with a 924 sq ft guest house- a one bedroom retreat with two bathrooms, a full kitchen, and a walk-in closet. Adorned with porcelain tile in a herringbone pattern, this space effortlessly combines elegance with functionality, offering a stylish living experience for guests. For automotive enthusiasts, the climate-controlled 1460 sq foot 4-car garage is a dream. With metallic epoxy flooring, built-in storage space and an extended workspace, this impressive garage caters to both functionality and aesthetics. A private paved auto courtyard adds convenience, along with 2 RV gates and a 300 sq ft storage area. In summary, this residence seamlessly combines architectural precision with 6113 sq ft of opulent living area in the main house and 924 sq ft of guest house area. There is over 10000 sq ft under roof area. Every detail has been meticulously crafted to create a haven where luxury, comfort and style converge, offering an unparalleled experience.

6619 E Stallion Road Paradise Valley, AZ 85253

$7,995,000
4 Beds
8.5 Baths
8,000 SqFt
Status Active
MLS # 6656548
Property Type Single Family Residence
Price Type --
Amazing luxury estate blended in at the base of Mummy Mountain and a rare find in the heart of Paradise Valley. Imported materials include reclaimed cobblestone from Rome, Italian marble, handcrafted furniture style cabinetry and masterful craftsmanship throughout home. Expansive covered patio, barbecue kitchen area, synthetic grass, pool, spa and fireplace. Mature landscaping accents the Santa Barbara-Tuscan Architecture. Split floor plan with 4 en-suites, office including a fireplace. Master suite has separate water closets; one with a bidet. A soaking/jetted tub in the center of the bathroom and large pass-through shower with dual rainforest shower heads. Stunning home is a must see.Bring us an offer. Thank you.

10585 E Crescent Moon Drive Unit 44 Scottsdale, AZ 85262

$7,995,000
5 Beds
7 Baths
7,959 SqFt
Status Active
MLS # 6827011
Property Type Single Family Residence
Price Type --
Four Seasons Resort :: 1 of 11 custom homesites offering lifestyle amenities to be enjoyed here at Privada; a North Scottsdale gated community on the resort grounds, capturing panoramic views of Pinnacle Peak, Troon and McDowel Mountains, city lights, and golf course views. All on-one level living offering a bonus room/office plus a spacious view deck on the second level. Highest level of construction and building materials throughout: the sliders, fireplaces, Linear cabinetry, Neolith stone countertops, Sandblasted marble tiles, wide plank oak flooring, textured walnut millwork, Miele appliances, wine wall, show and prep kitchens are all the very best available. The primary suite and 3 additional ensuite bedrooms each have their own wet bars, and on the main level. The detached guest home offers a family room with a fireplace, full kitchen, bedroom suite and laundry area. Its backyard offers a generous covered patio with a stone fireplace, outdoor kitchen, built-in heaters, and a large pool with Baja shelf, swim-up bar, spa, and additional poolside BBQ area looking over dramatic boulder outcroppings all around it. As a member of the Pinnacle Club, you'll be able to take advantage of Four Seasons concierge services, three pools, tennis courts, 24 hour fitness center and spa, as well as significant discounts at any of their three restaurants.

4723 E Desert Park Place Paradise Valley, AZ 85253

$7,995,000
5 Beds
5.5 Baths
7,351 SqFt
Status Active
MLS # 6728915
Property Type Single Family Residence
Price Type --
Nestled on just under an acre of meticulously landscaped grounds, this luxurious single-level home completed in late 2023, boasts five suites and five and a half bathrooms. The gourmet chef's kitchen is equipped with Wolf and Sub-Zero appliances, two Cove dishwashers, quartz countertops, and seamlessly integrates to the spacious great room with glass doors that can be pulled back for a seamless indoor outdoor living flow. Throughout the home, European Oak flooring and premier finishes create an atmosphere of elegance. The primary suite is a true retreat within the home, located in its own private wing. The primary bathroom offers separate his and hers areas with two vanities, two walk-in closets, and two private toilet rooms, one with a bidet, ensuring utmost comfort and privacy... On the other end of this private wing is an expansive office, keeping work and rest in perfect proximity. Step outside to discover a breathtaking backyard oasis complete with a pool, spa, BBQ area, fire pit, fireplace, mini-golf course, and thoughtful amenities like built-in misters and heatersall framed by stunning mountain views. Nestled in an exclusive neighborhood with top-rated schools and convenient access to upscale dining and shopping, this residence offers an unparalleled blend of luxury, comfort, and tranquility.

9989 E Aleka Way Unit 337 Scottsdale, AZ 85262

$7,977,000
5 Beds
5.5 Baths
6,983 SqFt
Status Active
MLS # 6780858
Property Type Single Family Residence
Price Type --
Recently Completed, this spectacular Lineage built spec home overlooks the 16th green of the prestigious Mirabel golf course and offers beautiful views of Pinnacle Peak & McDowell Mountains. This stunning home features the Lineage open floorplan showcasing retractable walls and windows of glass opening to expansive patios and courtyards that allow for indoor/outdoor Arizona living at its finest. Enjoy entertaining guests at the Cantina Wet Bar that opens to the resort style backyard boasting a 2-way fireplace, oversized heated pool & spa, & outdoor kitchen. The generously equipped kitchen has top-of-the-line Sub-Zero/Wolf appliances, oversized island, 2 dishwashers, built-in coffee bar & a large walk-in pantry w/custom shelving & additional refrigerator. An elegant glass wine room highlights the formal dining room. The primary bedroom features a fireplace, bar area w/mini refrigerator, luxurious bath w/ separate tub, shower, 2 water closets & a huge customized walk-in closet w/ washer/dryer. There are 3 additional bedroom suites (one easily converted to an office), & a private casita w/ living room, kitchenette, bedroom & bathroom. The spacious laundry has ample storage cabinets & a dog shower. The oversized garages offer 4 car bays, lifts can easily be added to accommodate up to 7 vehicles.

6737 E Exeter Boulevard Scottsdale, AZ 85251

$7,945,000
5 Beds
6 Baths
6,873 SqFt
Status Active
MLS # 6802591
Property Type Single Family Residence
Price Type --
This brand new custom home is a true showstopper. The amazing team at Caniglia Development has created an absolute masterpiece combining classic elegance with a modern vibe. The exceptional design, architectural excellence and superior construction will impress anyone with an eye for quality and style. The kitchen will be gorgeous with top-of-the-line appliances, oversized prep spaces and custom cabinetry, the great room will be exquisite with soaring ceilings and a chic fireplace, the office will make working from home the preference, the game room will be a perfect spot for kids and adults alike, and all the bedrooms and baths have their own unique elements including a breathtaking owner's suite with a spectacular bathroom. The grounds will be every bit as impressive as the home

6850 N 39th Place Paradise Valley, AZ 85253

$7,900,000
4 Beds
4.5 Baths
6,965 SqFt
Status Active
MLS # 6811274
Property Type Single Family Residence
Price Type --
Set on 2.17 hillside acres, this extraordinary contemporary estate is perfectly designed to complement its stunning hillside location. With sweeping views of the valley, city lights, and Camelback Mountain, this home offers a rare combination of beauty and seclusion. Surrounded by native hillside and lush landscaping, the residence exudes masterful craftsmanship, from the intricate tilework to the hand-laid natural stone waterfall that cascades gracefully down the hillside. Designed for seamless indoor-outdoor living, the home maximizes its views from nearly every room. The great room, with its soaring 25-foot ceilings, is made for entertaining, featuring a striking Himalayan fossil stone fireplace and a sophisticated custom glass bar with under-lit accents.... ...The chef's kitchen is a dream, with a sprawling quartz waterfall island and top-tier appliances from Wolf, Sub-Zero, and Miele, including a 60 range with double ovens and a built-in Miele coffee/espresso machine. Expansive walls of glass doors open directly to the outdoor living areas, offering the best views of Camelback Mountain and the city. The outdoor spaces are perfect for entertaining, with shaded dining and living terraces equipped with heaters and a misting system, an infinity-edge pool, heated spa, sundeck, and a fire pit lounge. The luxurious master suite offers a spa-inspired bath with iceberg grey marble countertops, double vanities, and a TV in the mirror. The custom-designed his-and-hers closets are truly exceptional, featuring 11 electric clothes cabinets and built-in safes for each. Her closet includes a glamorous vanity with a Kallista makeup sink, a TV in the custom-lit mirror, and surrounding display cases. The three additional en-suite guest rooms each feature private balconies with beautiful valley views. The home also boasts a modern theater, a fully equipped gym, a putting green, a built-in BBQ, and a Celtic custom 3-floor elevator. The Crestron Automation System allows for easy control of A/V, lighting, shades, and the pool, while commercial-grade roller shutters ensure security when you're away. With two garages providing space for up to six cars, this estate is the perfect haven for both luxury living and privacy. Located within a guard-gated community, this exceptional home is just minutes from world-class shopping, dining, golf, and cultural attractionsoffering the perfect blend of elegance, modern luxury, and serene seclusion.

6105 E Sage Drive Paradise Valley, AZ 85253

$7,850,000
5 Beds
8 Baths
12,135 SqFt
Status Active
MLS # 6786476
Property Type Single Family Residence
Price Type --
This signature street and homesite deserves nothing less than an elegant residence that breathes a bespoke lifestyle, with every detail thoughtfully crafted. Set on Camelback Mountain's East Side, this stately custom home offers privacy and panoramic views of both mountains and city lights. Situated on approximately 1.6 acres, it occupies one of the most coveted locations on the street, featuring a large motor court for added convenience. The interior reflects exceptional craftsmanship, with exquisite finishes including marble, cherry, alder, and specialty granite throughout. Three beautifully designed powder rooms, hand-painted ceiling details in formal rooms, and a wine cellar enhance the home's aesthetic charm. A grand gallery hallway makes an impressive entry, leading to spaces like the Gentleman's Study and Billiard Room. A private elevator connects guests and residents to the second-floor suites. For wellness and relaxation, the oversized exercise room includes a wet bar and steam shower, adjacent to the luxurious primary suite, which features a hand-sculpted onyx tub and expansive His and Her closets, complete with built-in washers and dryers for added convenience. An 1,100 sq. ft. guest house ensures privacy and comfort for visitors. Set in tranquil surroundings with impeccable attention to design and function, this estate offers luxury and seclusion in one of Paradise Valley's finest locations. See our Motion Video!

4900 E Arroyo Verde Drive Paradise Valley, AZ 85253

$7,800,000
4 Beds
4.5 Baths
5,002 SqFt
Status Active
MLS # 6824219
Property Type Single Family Residence
Price Type --
Here's your chance to live in a piece of art! Architect Jack Black brings together sleek and modern with a warm and welcoming presence, perfectly designed to capture all of the natural beauty of Camelback Mountain and surrounding areas. From the moment you walk through the front gate and into the peaceful desert garden designed by Greey-Pickett, you will immediately know, this home is a true masterpiece. Black walnut custom cabinetry throughout the entire home, including three bed frames and built-in storage, crafted by James Douglas. The dual desks in the office are made from vintage French Burl walnut veneer from the 1950's. Impeccable details everywhere you look including the 3 gas fireplaces, Pietra Imperial Marble in primary bathroom, indoor/outdoor shower, Blue Roma Quartzite and Onice Multicolor Persian Polished Onyx found in the guest bathrooms. Italian ceramic tile throughout. 3 bedrooms and an office in the main house plus a wonderful detached guest house. This home is ready to host your next dinner party with seamless indoor/outdoor dining and entertaining space, a 1,000 bottle temperature controlled wine room, designer kitchen with leathered Taj Mahal Quartzite countertops and beautiful outdoor BBQ. Home also features a Control 4 Comprehensive Home Automation System. If you're a car enthusiast, take note of the 6 temperature controlled garages to display your showpieces as well as a covered carport. Meticulous landscape everywhere you look, making you forget you live in the city. Don't forget about the stunning negative edge pool (360 degrees!).The home operates on Control 4 system and features 8 security cameras. Don't let this once in a lifetime home slip you by!

6440 E Stallion Road Paradise Valley, AZ 85253

$7,790,000
7 Beds
8.5 Baths
9,472 SqFt
Status Active
MLS # 6766106
Property Type Single Family Residence
Price Type --
Welcome to your dream oasis in the heart of Paradise Valley. This exquisite custom home on an ultra private cul-de-sac combines sophisticated design with unparalleled comfort, boasting almost 10,000 square feet of opulent living space. Featuring a total of 7 spacious bedrooms, 8.5 bathrooms, and 5 car epoxy garage, each room is meticulously designed with high-end finishes and attention to detail. The grand entryway greets you with a stunning flowing floor plan, perfect for entertaining. Enjoy gourmet cooking in the state-of-the-art kitchen, complete with top-of-the-line appliances, a large illuminated island, and custom cabinetry. The expansive living and dining areas are accentuated by soaring ceilings and panoramic windows that invite natural light and breathtaking views of the surrounding mountains including both Mummy and the McDowell Mountains. Step outside to over an acre of your private resort-style backyard complete with a 2 bedroom guest house with dual kitchens, a shimmering pool, spa, and stunning mountain views. The outdoor kitchen and fire pit provide the perfect setting for gatherings under the desert stars. Located in one of Arizona's most prestigious private neighborhoods, this home offers proximity to world-class dining, shopping, and golf courses, all while providing a serene retreat from the outside world. Don't miss this rare opportunity to own a piece of authentic Paradise Valley luxury.

11745 N 99th Street Scottsdale, AZ 85260

$7,777,777
6 Beds
6.5 Baths
7,524 SqFt
Status Active
MLS # 6817701
Property Type Single Family Residence
Price Type --
Welcome to this stunning Modern Spanish masterpiece, tucked away on a quiet cul-de-sac in the exclusive Cactus Acres. This exceptional luxury home, situated on 0.82 acres, seamlessly blends sophistication, comfort, and the natural beauty of its surroundings, offering a lifestyle of unparalleled elegance and tranquility. This home has recently gone through a major remodel/expansion. With 7,524 square feet of living space, this home features 6 ensuite bedrooms, 6.5 bathrooms, a bonus room, and 2 laundry rooms. Nestled against the scenic McDowell Mountains, this architectural gem enchants with its grand foyer and spacious living areas, surrounded by French doors that open to the lush backyard and sparkling pool. The gourmet kitchen is truly a chef's dream, highlighted by Welcome to this stunning Modern Spanish masterpiece, tucked away on a quiet cul-de-sac in the exclusive Cactus Acres. This exceptional luxury home, situated on 0.82 acres, seamlessly blends sophistication, comfort, and the natural beauty of its surroundings, offering a lifestyle of unparalleled elegance and tranquility. This home has recently gone through a major remodel/expansion. With 7,524 square feet of living space, this home features 6 ensuite bedrooms, 6.5 bathrooms, a bonus room, and 2 laundry rooms. Nestled against the scenic McDowell Mountains, this architectural gem enchants with its grand foyer and spacious living areas, surrounded by French doors that open to the lush backyard and sparkling pool. The gourmet kitchen is truly a chef's dream, highlighted by a magnificent marble slab island. The elegant dining area, complete with a stunning wine wall, is perfect for entertaining, or you can gather around the cozy two way fireplace in the adjoining living room for intimate conversations and lively get-togethers. The expansive grounds offer endless opportunities for relaxation and entertainment. Lounge by the glistening pool and spa, unwind to the soothing sounds of the cascading waterfalls, dine beneath the pergola, practice your golf game, or gather around the fire pit under the stars on cool desert evenings. Located just minutes from Scottsdale's renowned dining, shopping, and entertainment, this Modern Spanish oasis offers the ideal mix of privacy and access to the best the city has to offer. Explore nearby hiking trails, golf courses, and cultural landmarks, or simply relax in the peace and serenity of your own private desert retreat. Indulge in the height of luxury desert living in this exceptional Modern Spanish home, where every detail has been thoughtfully designed to elevate your lifestyle and surpass your expectations. Welcome to your ultimate Scottsdale sanctuary.

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