Pathway to Purchase Loan Program

Pathway_to_Purchase_Lending_LogoJust when we think interest rates will finally rise to more normal levels there seems to be some piece of economic news that comes along to keep them low. Most recently the Brexit news has spurred some turmoil in the markets and interest rates have dropped again to incredibly low levels in the low 3%’s for most product types. However, this month brought not only a focus on the actual rates but also a new mortgage product coming to Tucson which might prove extremely useful to buyers. This program is called Pathway to Purchase and provides qualified buyers with an attractive 30-year fixed rate mortgage along with a five-year second mortgage equal to 10% of the purchase price that is a forgivable lien against the property at a 0% interest rate, with no required monthly payments. This down payment assistance money can be used towards closing costs as well. This program is now live in Tucson! The program is available on a first come, first served basis. If you or anyone you know is interested in this program please contact Trisha Azares at (520) 696-8959 and tell her Team Woodall sent you & of course contact us too. Here’s a link for more & qualifications: https://housing.az.gov/pathway-to-purchase.

Stephen Woodall
REALTOR, GRI @ Long Realty Company
Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.

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