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

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.

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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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

1735 W Wildwood Drive Phoenix, AZ 85045

$589,995

3 Beds

2.5 Baths

2,178 SqFt

Status Active

MLS # 6749237

Property Type Single Family Residence

Price Type --

Immerse yourself in luxury living in Ahwatukee with this exquisite 3-bedroom, 2.5-bathroom home boasting a dazzling pool. The open floor plan exudes light, brightness, and airiness. Upstairs, you'll find an additional loft perfect for casual lounging. The spacious primary bedroom features a walk-in closet that will fulfill any fashionista's dreams. Step outside to the backyard oasis with a pool ideal for entertaining. The beautiful kitchen highlights a large island and breakfast bar for casual dining. Furniture Available. Don't let this rare gem slip away - conveniently located near the 202 freeway for easy commuting to work or exploring the surrounding area. Furniture can be included in sale.

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29407 N 31st Lane Phoenix, AZ 85083

$589,990

4 Beds

3 Baths

1,946 SqFt

Status Active

MLS # 6772477

Property Type Single Family Residence

Price Type --

Ask about special financing with preferred lender! A generous open living space serves as the heart of this single-level home, offering seamless transition between the Great Room, kitchen and dining room, while sliding glass doors lead to a covered patio for indoor-outdoor living. You will find plenty of room for your family with three secondary bedrooms and a stunning owner's suite complete with a spa-like bathroom. Photos are renderings of a model home, not the actual home. A public report is available on the Arizona Department of Real Estate website.

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9550 N 178th Drive Waddell, AZ 85355

$589,990

4 Beds

3.5 Baths

3,221 SqFt

Status Active

MLS # 6780671

Property Type Single Family Residence

Price Type --

Premium Lot and DR Horton's sought after Phoenician plan! The Gorgeous home will be completed and ready to move in by end of this year! This plan has soaring ceilings with the primary bedroom downstairs and split. Open kitchen and huge slider are just a few of the great features. As you move upstairs you will enter the huge game room that splits 3 bedrooms and bonus media room! Bed 3 has its own bathroom perfect for older teen or guests! This home will have white quartz counter tops, shaker cabinets, wood like tile and much more! Conveniently located off the 303! Will not last long!

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32017 N 117th Avenue Peoria, AZ 85383

$589,990

3 Beds

2 Baths

1,680 SqFt

Status Active

MLS # 6755518

Property Type Single Family Residence

Price Type --

New home in Mystic - It's the charming Bluebell. Kitchen features include Maple Slate-gray cabinets with 42'' kitchen uppers, soft close doors and drawers and laundry cabinets. AZT Hana Sky quartz countertops in kitchen and baths. Stainless steel appliances include a 36'' cooktop, wall oven, microwave and glass canopy hood. Walk-in shower at owner's bath. Multi slide door that leads out the covered patio. Flooring includes San Matte 12x24 Sand Matte laminate wood in all areas except beds/closets and so much more. Amenity Rich Mystic includes a Resort Style community pool, Rec center with year-round events, Hiking paths & community parks. The perfect location- close to shopping, restaurants, golf, Lake pleasant and the loop 303. PICTURES OF THIS HOME ARE FROM THE BLUEBELL MODEL.

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31985 N 117th Avenue Peoria, AZ 85383

$589,990

3 Beds

2 Baths

1,680 SqFt

Status Active

MLS # 6755529

Property Type Single Family Residence

Price Type --

It's the spacious Bluebell in the stunning community of Mystic. Walk-in shower at owner's bath with tile surrounds/floor. Multi slide door leads out to the covered patio. Pavers at drive, walk and entry. Stainless steel appliances include a 30'' cooktop, wall oven, microwave & canopy hood. Maple Linen-off white cabinets with soft close drawer and doors, pull out trash drawer and additional cabinets in laundry room and at owner's entry. Driftwood wood laminate floors in all areas except beds/closets. Amenity Rich Mystic includes a Resort Style community pool, Rec center with year-round events, Hiking paths & community parks. The perfect location- close to shopping, restaurants, golf, Lake pleasant and the loop 303. THE PICTURES ARE FROM THE BLUEBELL MODEL HOME.

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20199 W Mulberry Drive Buckeye, AZ 85396

$589,990

3 Beds

2.5 Baths

2,397 SqFt

Status Active

MLS # 6593391

Property Type Single Family Residence

Price Type --

QUICK MOVE-IN HOME! MOVE INTO YOUR NEW HOME BEFORE THE HOLIDAYS! SPECIAL FINANCING WITH BELOW MARKET INTEREST RATES AVAILABLE! MOVE-IN PACKAGES AVAILABLE! PLEASE INQUIRE ABOUT THESE SPECIALS ON THIS QUICK MOVE-IN HOME AND OTHERS. ACT SOON BEFORE IT IS TOO LATE! It's our Carmona sitting on an OVERSIZED LOT WITH RV PARKING AVAILALE! This home has 3 bedrooms, study, 2.5 baths. Large walk-in shower at owner's bath with 12x12 tile surrounds. Multi slide door that leads out to the extended covered patio. Stainless steel double oven appliance package with a 36'' cooktop and canopy hood. Downing ''Espresso'' cabinets. Silver Falls granite countertops in kitchen and at the enhanced kitchen island. Upgrade flooring includes 18x18 EMS Anthem white tile with a 5'' base board/door casings except bedrooms & owner's closet. Soft water loop, dual sinks at bath 2, stub for future BBQ. 9' tall garage door and garage service door. Please verify all information with onsite agent . Thank you!

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20252 W Catalina Drive Buckeye, AZ 85396

$589,990

3 Beds

3 Baths

2,510 SqFt

Status Active

MLS # 6747909

Property Type Single Family Residence

Price Type --

QUICK MOVE-IN HOME! MOVE INTO YOUR NEW HOME BEFORE THE HOLIDAYS! SPECIAL FINANCING WITH BELOW MARKET INTEREST RATES AVAILABLE! MOVE-IN PACKAGES AVAILABLE! PLEASE INQUIRE ABOUT THESE SPECIALS ON THIS QUICK MOVE-IN HOME AND OTHERS. ACT SOON BEFORE IT IS TOO LATE! It's the Jade floor plan with 3 bedrooms + study, 3 baths and 3 car garage. 12'x8 sliding glass door off the great room. Large walk in shower at owner's bath. Stainless steel gas appliance package with a 30'' cooktop, wall oven, and canopy hood. Additional kitchen cabinets in Sonoma Maple Linen -off white cabinets with 42'' kitchen uppers and pull out trash drawer. AZT Tawny Evening gray quartz countertops in kitchen. Upgrade flooring includes SHW Cedar Grove carpet and Beaumont Olmo 7x24 plan tile in all areas of the home except bedrooms and closets. Upgrade 5'' baseboards with 3 1/4'' door casings. Dual sinks at bath 3, soft water loop, gas stub for future BBQ and so much more. Please verify all information with onsite agent . Thank you!

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29427 N 31st Lane Phoenix, AZ 85083

$589,990

5 Beds

3 Baths

1,953 SqFt

Status Active

MLS # 6771758

Property Type Single Family Residence

Price Type --

Ask about special financing with preferred lender! This single-story home features ample space for growing families. Four bedrooms are lined up in a neat row, including the owner's suite, while an additional bedroom near the entry offers an ideal space for overnight guests. An open floorplan hosts the kitchen, dining room and Great Room with a spacious covered patio attached. Photos are renderings of a model home, not the actual home. A public report is available on the Arizona Department of Real Estate website.

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14904 N 56th Drive Glendale, AZ 85306

$589,990

4 Beds

3 Baths

2,288 SqFt

Status Active

MLS # 6699889

Property Type Single Family Residence

Price Type --

4 Bedroom + Loft, 3 Baths, 2 Car Garage. KITCHEN: Benton Birch Natural cabinets, Quartz Denali countertops in kitchen, Gas GE Gourmet appliances, Tile backsplash. FLOORING: 6'' x 24'' Wood-look tile, upgraded carpet and pad., mission stair rail Surround sound in great room and loft. Washer dryer and refrigerator

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9316 W Sandstone Mountain Drive Casa Grande, AZ 85194

$589,900

4 Beds

2 Baths

2,350 SqFt

Status Active

MLS # 6769018

Property Type Single Family Residence

Price Type --

Introducing a brand-new 2024 home, featuring 4 bedrooms and 2 baths, nestled on a full acre in an ideal location just minutes from I-10. The spacious and thoughtfully designed floor plan offers vaulted ceilings for an extra sense of openness. The primary suite includes a double-sink vanity, while the bright, open-concept kitchen showcases elegant white quartz countertops and stainless steel appliances, including a stove, dishwasher, and microwave. Enjoy the latest wood plank tile flooring throughout, with cozy carpeting in the bedrooms. Step outside to a large, covered back patio and a fully fenced yard with block walls. The property also features a 3-car garage, and the HOA permits RVs, boats, and other recreational vehicles. Estimated completion: Ready for immediate occupany Large, covered patio and a fully fenced yard with block walls. The property also features a 3-car garage and the HOA permits RV's, Boats an other recreational vehicles. Ready for immediate occupancy.

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21333 W Roanoke Avenue Buckeye, AZ 85396

$589,900

4 Beds

3 Baths

2,141 SqFt

Status Active

MLS # 6766980

Property Type Single Family Residence

Price Type --

Nestled in the highly sought-after Sienna Hills community at the base of the White Tank Mountains, this brand-new, upgraded home offers modern luxury and breathtaking views. Enjoy picturesque vistas of Verrado's custom million-dollar homes and the majestic White Tanks right from your front porch. The backyard is a serene retreat with no neighbors behind, a peaceful hill framed by a view fence, a double gate, and plenty of space for a pool. Inside, the home impresses with white granite countertops, stainless steel appliances, elegant white shaker cabinets, and a stunning walk-in shower. The spacious four-bedroom layout includes a private en-suite, ideal for multi-generational living. Near Odyssey Elementary, Sienna Hills offers a community pool, scenic trails, and a friendly vibe.

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2059 W Desert Hollow Drive Phoenix, AZ 85085

New

$589,900

3 Beds

2.5 Baths

1,940 SqFt

Status Active

MLS # 6787793

Property Type Single Family Residence

Price Type --

Original owner is ready for new owner of this beautiful home built by Ashton Woods in the heart of Union Park at Norterra. This gorgeous and spacious home is an open floor plan with 3 bedrooms, 2.5 bathrooms, and 2 car attached garage. The main level is perfect for lounging or entertaining company. The kitchen has plenty of storage space with 42 inch upper cabinets, an island with seating area, and walk in pantry. Modern granite counters and stainless steel appliances (including gas range) compliment the cabinet colors (white and blue). The dining area is near the sliding glass door to outdoor yard. Owner customized the yard with pavers, low maintenance desert plants, and a beautiful water feature. A main floor powder room is a convenience for guests and has beautiful mosaic tile. . . floors, as do the upstairs bathrooms. A beautiful metal and wood stair rail leads the way to the upstairs 3 bedrooms. Owner suite is very spacious and has an ensuite with dual sinks, tub, and walk in shower. Owner closet (with attached safe) has access to the laundry room (front load washer and dryer included). Two other bedrooms and bathroom are split from owner suite.

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