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The Tucson Pathway to Purchase (P2P) down payment assistance program is almost here. Or so they say. We have been hearing about the Tucson Pathway to Purchase program for quite sometime. If you have been following it, you know that the program criteria has changed and the release date (according to the Mayor) was going to be on July 1, 2016.
Some home buyers have already written offers based on the Tucson Pathway to Purchase program being available. Some home sellers have accepted those offers. It would be interesting to see how those all play out.
The Tucson Pathway to Purchase is a great program and is going to help a lot of home buyers and home sellers. First time home buyers can use the funds to buy a home with 10% down and have instant equity. The same home buyer can choose to put 5% down and use some of the funds to pay their closing costs.
Sellers, this may work for you too.
Sellers can sell their homes, even if they don’t have enough equity to buy the next home. They can use the Tucson Pathway to Purchase down payment assistance to buy their next home.
Tucson’s housing market for homes under $200,000 has been at an all time low. Pathway to Purchase should help boost sales in that price range. As the home sale, sellers become buyers who buy in the next higher price range.
According to my sources, the other cities have already released the program, which is why I am now referring to it as the Tucson Pathway to Purchase. Tucson and South Tucson homes are eligible, so the name is even more apropos. So, why hasn’t Tucson released the down payment assistance funds?
As of today, the Tucson Pathway to Purchase down payment assistance program is said to be available on July 18, 2016 at 1 pm. Will it happen? That is the big question on a lot of peoples minds.
Let me know what you think.
If you’d like to get pre-qualified to use the Tucson Pathway to Purchase down payment assistance program, please contact me by using the “Contact Us Today” form to right side of this page or call me now: (520) 631-TONY (8669)
If now is after 8 pm my time, I probable will not answer, so please leave a message : )