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Seller Financing Available: 2617 W OCOTILLO RD #4 PHOENIX, AZ 85017
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| INFO:
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ADDRESS: 2617 W Ocotillo Rd #4 Phoenix, AZ 85017
AREA: 27th Ave & Glendale Ave
YEAR BUILT: 1979
HOME SIZE: 968 Square Feet
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Map
Photographs
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Frequently Asked Questions:
How much will I need for the down payment?
How much is my monthly payment?
How long before I have to get a bank loan?
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Questions? Call Now: 480-664-2193
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| FINANCING FOR 2617 W OCOTILLO RD #4:
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GET MONEY BACK WHEN YOU BUY!!!
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We are offering Seller Financing for up to 30 years with NO QUALIFYING!! (Depending on your down payment.)
First time home buyers qualify for an $8,000 tax credit! That's $8,000 toward your down payment, directly from Uncle Sam! A "First Time Home Buyer" is defined as someone who has not owned a primary residence in the last three years.
The price of the home is $80,000.
The minimum down payment of 6.13% comes out to $4,900, so if you qualify for the $8,000 First Time Home Buyer credit, you can actually come out ahead when you buy!! *
HOW MUCH DOWN PAYMENT WILL I NEED?
The minimum down payment is $4,900, but if you are a first time home buyer, PRESIDENT OBAMA WILL PAY YOUR DOWN PAYMENT! For first time home buyers, if you would like to purchase the home with the minimum amount out of pocket, you would need the following for down payment and closing costs:
- Minimum Down Payment: $1,500
- Closing costs: Approximately $550
- Total down payment and closing costs: $2,050
After buying the home, you will qualify for an $8,000 tax credit that will pay for the rest of your down payment, and you will end up with $2,500 left over to put in your pocket!
HOW MUCH IS MY MONTHLY PAYMENT?
Here are the monthly payment numbers based on how much you choose to put down:
| Sale Price |
Pct Down |
Amount Down* |
Balance Due |
Inter- est Rate |
Qual- ifying |
Monthly Principal and Interest |
Insur- ance |
Prop- erty Taxes |
HOA |
Acct Serv- icing |
Total Monthly |
| $80,000 |
30% |
$24,000* |
$56,000 |
0.99% |
NONE! |
$180 |
$30 |
$41 |
$189 |
$12 |
$453 |
| $80,000 |
20% |
$16,000* |
$64,000 |
1.49% |
NONE! |
$221 |
$30 |
$41 |
$189 |
$12 |
$494 |
| $80,000 |
15% |
$12,000* |
$68,000 |
1.99% |
NONE! |
$251 |
$30 |
$41 |
$189 |
$12 |
$524 |
| $80,000 |
10% |
$8,000* |
$72,000 |
2.49% |
Minimal |
$284 |
$30 |
$41 |
$189 |
$12 |
$557 |
| $80,000 |
6.13% |
$4,900* |
$75,100 |
3.24% |
Minimal |
$326 |
$30 |
$41 |
$189 |
$12 |
$599 |
*If you qualify for the first time home buyer tax credit of $8,000, you will receive $8,000 toward your down payment AFTER filing or re-filing your tax return.
HOW LONG BEFORE I HAVE TO GET A BANK LOAN?
If you put down a large enough down payment, you will NEVER have to get a bank loan!
| Percent Down |
Amount Down |
You Need To Refinance After |
| 6.13% (Minimum) |
$4,900 |
5 Years |
| 10% |
$8,000 |
7 Years |
| 15% |
$12,000 |
10 Years |
| 20% |
$16,000 |
NEVER! |
| 30% |
$24,000 |
NEVER! |
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| FEATURES:
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Lovely 2 bedroom 2 bathroom Phoenix town home in great condition!
- 2 bedrooms
- 2 bathrooms
- 968 square feet
- Parking spot in garage
- Newer appliances
- Newer carpet
- Ceramic tile in kitchen and bathrooms
- Sparkling community pool 100 feet away
- Convenient location with easy access to freeways, shopping, and schools
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| NEXT STEPS:
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If you are interested in this home, please fill out the application form found here and submit it, either by email, to applications@ElkHornRoad.com, or by fax to: 206-984-2123.
Questions? Call Now: 480-664-2193
The qualifying process is quick and easy. You can be moving into your new home next week!
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Owner/Agent •
Geneva Real Estate & Investments, LLC |
List of All Homes Available |
Rental Application |
Next Steps
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