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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9254 E Milagro Avenue Mesa, AZ 85209

$550,000 - 4Br/2Ba -  for Sale in Augusta Ranch Parcel 2, Mesa
Open House
$550,000
4 Beds
2 Baths
1,924 SqFt
Status Active
MLS # 6780804
Property Type Single Family Residence
Price Type --
Discover the perfect blend of comfort and style in this beautifully remodeled home with extensive landscaping ideally situated on an oversized lot. Citrus trees and privacy hedges create a beautiful and quiet oasis. The home features newer wood-look tile and carpeting throughout. The modern kitchen features sleek white cabinets with stylish hardware, granite countertops, and stainless steel appliances, making it a chef's dream. Enjoy the spacious owner's bath, complete with a separate shower and tub for your relaxation. The expansive covered patio is perfect for entertaining, featuring a beautiful Pebble-Tec pool, recently remodeled with tile and travertine that promises endless summer fun. The yard offers plenty of space for outdoor activities, with a gate for your convenience.... Located within the vibrant community of Augusta Ranch, you'll have easy access to the golf course and an elementary school right within the subdivision. Don't miss the chance to own this exceptional property that combines elegance with outdoor living at its finest!

287 N Scott Drive Chandler, AZ 85225

$550,000 - 4Br/3Ba -  for Sale in Fire Rock Ranch, Chandler
Open House
$550,000
4 Beds
3 Baths
2,575 SqFt
Status Active Under Contract
MLS # 6768264
Property Type Single Family Residence
Price Type --
If you are in search of a residence that combines effortless maintenance with an exceptional location, then this property is for you. Nestled conveniently just 3 miles from downtown Gilbert, 3 miles from downtown Chandler, and a mere mile and a half from the 202 freeway, this home offers unparalleled accessibility. Boasting four bedrooms, a loft, and three full bathrooms. Notably, one of the secondary bedrooms is conveniently situated on the first floor, accompanied by a full bathroom for added convenience. This residence has an inviting open floor plan, with soaring 9-foot ceilings, and ample closet space throughout. The kitchen is adorned with stainless steel appliances, granite countertops, and exquisite tile accents that lend a touch of elegance to the space. The primary suite stands out with its generously proportioned room, complete with double sinks, an over sized shower, and an expansive walk-in closet, ensuring a luxurious daily retreat. Moreover, the community offers an array of amenities, including a refreshing pool, picturesque parks, and access to top-tier schools. This residence is truly a gem that should not be overlooked. We invite you to seize this exceptional opportunity and make this house your cherished home.

17378 W Pima Street Goodyear, AZ 85338

$550,000 - 5Br/3Ba -  for Sale in Cottonflower Unit 3, Goodyear
Open House
$550,000
5 Beds
3 Baths
2,999 SqFt
Status Active
MLS # 6738856
Property Type Single Family Residence
Price Type --
Seller Open to Negotiations of Buyer Concessions! Why wait for new construction? This fully updated 5-bedroom, 3-bathroom home in Goodyear, AZ offers all the modern upgrades you've been searching for! With a new roof (2023) and HVAC system (2014), this home provides peace of mind and modern comfort. The beautifully updated kitchen features sleek quartz countertops, while all bathrooms have been tastefully remodeled for a contemporary feel. Step outside to your private backyard oasis, complete with a sparkling pool and waterfall, newly redone cool decking, a safety gate, and low-maintenance astroturf grass—perfect for families. A downstairs bedroom and full bath make it ideal for guests or multi-generational living. The freshly painted interior and exterior brighten the space, and the 3-car garage provides plenty of room for storage and hobbies. Located in a family-friendly neighborhood with top-rated schools and parks nearby, this home is the perfect blend of style, space, and convenience. This move-in-ready home stands out with its fully upgraded featuresdon't miss out on this incredible opportunity!

24 County Road 3153 -- Vernon, AZ 85940

$549,999
3 Beds
2 Baths
2,160 SqFt
Status Active
MLS # 6760518
Property Type Manufactured Home
Price Type --
Looking for an affordable modern-day Ranch on 5 acres in the White Mountains? Consider this well-maintained ranch-style 3-bed/2-bath, 2,160 sq ft. triple-wide manufactured home on 5 acres fully fenced, covered with 100+ Juniper/Pine trees set off with a Ranch-Style entrance, only minutes from the National Forest, accessible on well-maintained roads, making it the ideal horse/prepper property with no HOA's, just 25 minutes from Show Low. Property features include: an oversized Steel/Hanger building 30' X 60' with partial living quarters inside, a fully enclosed two-story barn structure 21' X 33' for RV storage, two storage sheds, and two full-size carports—major landscaping with fenced-in areas, separate enclosed/covered dog area w/direct access from the home, large garden area, large steel fire pit area, and a roundabout driveway. That's just the beginning. This home features a covered front deck, a recently replaced roof, an open kitchen floor plan featuring a center island with new countertops/appliances/workstation sink, a large separate dining area, Great Room style living room with a pellet stove for efficient heating, a split-bedroom master suite that includes an oversized closet with two-doors allowing access from the bath or bedroom, Dual-pane windows, vaulted ceilings, a full-size utility room, forced Heating and Air Conditioning (new), a large back storage area, and an abundance of cabinets providing plenty of storage space. Also included is the Starlink hardware for fast Internet.

14686 S Country Club Way Arizona City, AZ 85123

$549,999
3 Beds
2 Baths
2,027 SqFt
Status Active
MLS # 6763659
Property Type Single Family Residence
Price Type --
It is hard to list all the improvements made by the present owners in the last 7 years, but you can experience same luxurious living in this stunning, recently painted in and out 3 bedroom, 2 bathroom home with breathtaking curb appeal. While taking in the mountains in the distance, you will make your way (admiring palms, saguaros, flowering bushes, and cacti) to the hand-made gate, and the newly installed paved patio leading you to the main entrance. You will see the old fashioned speak-easy door and find yourself inside your new home with same, tiled floor throughout. Gourmet kitchen is featuring new granite island, counter, and one piece backsplash (same granite in both bathrooms, and outdoor kitchen,) upgraded cabinets (with extra row and antique glass,) all SS appliances with new stove, pull out cabinet shelves. The split floor plan includes upscale main suite, lavish master bathroom where everything was rebuilt: the shower (moving the wall and liquidating the garden tub,) the double sinks, the hardware. There is a professional wardrobe, too. A luminating bay window in the bedroom has a new glass, like all the windows in the house. The inside also has two guest bedrooms, a wash room, and an extra room which can serve as a library, office, dining room, or 4th bedroom (adding the closet.) There is also a huge living room that the owners divide into living and dining area. A family room is by the kitchen. Next, you will step outside to your resort-style backyard with a sparkling pool and spa, oversized yard, all rocked, with an RV gate, and three sheds. His and Her sheds are insulated, electrified, sheet-rocked, and tiled. The third one serves as storage. All are secured to the cement pads. There are also citrus trees producing grapefruits, oranges and lemons. This custom home has a lot of amazing features including TRIPLE pane windows (Symington,) PLANTATION shutters on all of them, CROWN MOLDING with hand made corbels throughout the house. The house sits on the #16th hole on the GOLF course, and has a block fence for added privacy. No HOA, this elegant, and very practical property is a dream come true.

7725 E Hazelwood Street Scottsdale, AZ 85251

$549,999
2 Beds
2 Baths
1,508 SqFt
Status Active Under Contract
MLS # 6772268
Property Type Townhouse
Price Type --
Welcome to 7725 E. Hazelwood St., a beautifully renovated 2 bedroom 2 bathroom plus den/office townhome located in the highly desirable Old Town Scottsdale area. With its modern upgrades, spacious layout, and prime location, this home offers the perfect blend of style, comfort, and convenience. This exquisite property features a functional floor plan with modern finishes, perfect for both everyday living and entertaining. The chef's kitchen is a highlight, boasting sleek quartz countertops, bar seating area, gorgeous flooring, and ample storage. It's the perfect setup for cooking gourmet meals or hosting gatherings. Step outside to your own backyard oasis, featuring a covered patio. mature pink grapefruit and Valencia orange tress, and plenty of room for outdoor dining and relaxation. The low-maintenance yard is ideal for enjoying the Arizona sunshine year-round. Nestled in the heart of Old Town Scottsdale, this home is within walking distance not only to the community pool, but also world-class dining, shopping, entertainment, and cultural attractions. Enjoy the vibrant local lifestyle and easy access to everything Scottsdale has to offer. Rate Relief Rebate Program: Benefit from a 2% seller credit to reduce your mortgage payments by Approximately $551/month in year 1 and $282/month in year 2. This exclusive offer makes homeownership more affordable now, while you await potential rate decreases. Buyers currently living in Maricopa or Pinal County ask about an ADDITIONAL $7,000 home buyer credit available via the Community Promise Program.

12078 W Dos Rios Drive Sun City, AZ 85373

$549,999
5 Beds
3 Baths
3,111 SqFt
Status Active Under Contract
MLS # 6768037
Property Type Single Family Residence
Price Type --
*VA ASSUMABLE LOAN!* // This spacious 5-bedroom, 3-bath, two-story home is located in a highly sought-after community with no age restriction! Offering an impressive 3,111 sq/ft of living space, the open floor plan features tall ceilings and large windows that flood the family room with natural light. The kitchen boasts of granite countertops, a center island, and beautiful maple cabinets, plus both formal and eat-in dining options + a breakfast bar. Upstairs, the master bedroom offers a full bath for comfort and privacy. In the backyard, step out to a covered patio overlooking a low-maintenance yard with lush grass. Additionally, a versatile bonus room downstairs could easily be transformed into a fifth bedroom!

3935 E Rough Rider Road Unit 1207 Phoenix, AZ 85050

$549,999
3 Beds
3 Baths
2,063 SqFt
Status Active
MLS # 6676858
Property Type Apartment
Price Type --
Welcome to resort-style living in The Villages at Aviano! This stunning 3-bedroom, 3-bathroom townhome showcases the sought-after Sovanna floor plan with only a handful available in the community. The main level features an open-concept living area, perfect for entertaining guests or relaxing with family. The kitchen boasts SS appliances, granite countertops, and ample cabinet space. The primary bedroom is a true retreat, complete with a bonus room and ensuite bathroom featuring dual sinks, a soaking tub, and a separate shower. The split floor plan offers another private primary suite. Outside, enjoy the sunshine from your private balcony or take advantage of the community amenities, including a community pool, playground, and lush green spaces. Additionally, residents have access to the main Aviano amenities, such as a fitness center, clubhouse, community trails, and tennis and basketball courts. Conveniently located near Desert Ridge with shopping, dining, and quick freeway access. Don't miss out on this rare opportunity!

2008 E Stacey Road Gilbert, AZ 85298

$549,999
3 Beds
3 Baths
1,959 SqFt
Status Active
MLS # 6728969
Property Type Single Family Residence
Price Type --
Discover your dream home in this exclusive community! This stunning 3-bedroom plus den residence features breathtaking mountain views, three luxurious bathrooms, and a spacious three-car tandem garage. Inside, enjoy an open-concept living area, a gourmet kitchen with newer appliances and butlers walk-in pantry, and a versatile den perfect for an office or playroom. Step outside to a beautifully landscaped yard and expansive paver patio, ideal for entertaining. Community amenities include parks and walking trails, fostering a vibrant atmosphere. Buyer incentives like a one-year home warranty and special financing options make this luxurious retreat even more accessible. Don't miss this chance to see this home today!

1514 E Diamond Street Phoenix, AZ 85006

$549,999
4 Beds
3 Baths
1,766 SqFt
Status Active
MLS # 6730147
Property Type Single Family Residence
Price Type --
Check out this CHARMING, VINTAGE, ADOBE, home located in the exciting North Garfield HISTORIC DISTRICT! Thanks to a large ensuite and ARIZONA ROOM addition this home is quite LARGE compared to neighboring homes (1,776 SF). Additionally this home features a fully detached casita/GUEST HOUSE with kitchenette, bathroom, and it's own HVAC unit, making it perfect to use for your favorite in-laws or to supplement the mortgage with a tenant... Step inside the main house and you will find tasteful upgrades that perfectly accentuate all of the historic charm that this home has to offer. ORIGINAL DETAILS INCLUDE; coved ceilings, wooden front door w/ hardware, mail slot, milk door, and hutch. And to top this all off, the home comes with OWNED SOLAR! AVG. electricity bill is $65/Mo!

2720 E Fremont Road Phoenix, AZ 85042

$549,999
5 Beds
3 Baths
2,548 SqFt
Status Active
MLS # 6756704
Property Type Single Family Residence
Price Type --
Located within the prestigious gated golf course community of Fairways at The Legacy, this home greets you with a charming gated courtyard entry. Inside, you'll find 5 spacious bedrooms, 4 of which are upstairs, along with a guest bedroom, a full bath, and a laundry room conveniently located on the main floor. The primary suite offers a sitting area, stunning views of South Mountain, and a large walk-in closet. Positioned on a desirable north/south lot, the backyard is perfect for gatherings, featuring a covered patio, a putting green, and an awning that reduces direct sunlight, creating a more comfortable outdoor space. Just a short 10-minute drive from downtown Phoenix, this home is ideally suited for growing and active families.

427 E Mayfield Drive San Tan Valley, AZ 85143

$549,999
4 Beds
2.5 Baths
2,369 SqFt
Status Active
MLS # 6751714
Property Type Single Family Residence
Price Type --
You can't miss this property, It's sitting on a massive 20,000+ sq ft lot (just under 1/2 acre) with an RV gate and HOA allows RV'S up to 30 feet long parking in the back yard. There are 4 bedrooms and 2.5 baths. There is a huge open family room as well as a formal living room and a dining room. There is also a large open kitchen with a big island for entertaining,, new granite counters. The backyard is a blank slate waiting to become the backyard of your dreams, the options are endless and three-car garage. Improvements...All Carpet updated Jan-2022.All baseboards updated Jan -2022.The whole house was painted inside Jan-2022,,, Toilets Updated Jan-2022. Kitchen and Baths granite countertops and Cabinets painted updated Aug-2024. THE HOME WARRANTY IS INCLUDED FOR ONE YEAR.

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