Buy your Surprise, AZ Home Now!!
February 2nd, 2008 Categories: Surprise AZ Home Buying, Uncategorized
I have been saying lately that you can now buy a home n Surprise for what you are paying in rent..
Here is the proof:
Just received an email from a builder that has a spec home in the area with mountain views that is being sold at
$118,000
yes, $118,000 dollars
The home is small but at 1230 Sq. Ft it is as big as the apartment you are living in and you would own it.
My lender has a program for lower to middle class income levels that gives 100% financing at 5.125% for 30 years. You need 620 credit, 1 year employment, and no more than 41% debt ratio, you also cannot make more than 48k per household. These are average numbers to meet.
With this loan program, at a purchase of $118,000 dollars your principle and interest payment would be $642 a month. Add taxes ($100), HOA ($40), and insurance ($50) and your payment would be around (estimate)
$832 per month
That is average rent for a small home or apartment in Surprise. Just need a job, low to average debt, and an average credit score, plus, you have to want to be a homeowner.
GO OUT AND BUY A HOME ALREADY, WILL YA!!
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