Queen Creek New Homes for Sale! We can rebate you 25% of our commission - Homes for Heroes!

Chris Benson Queen Creek Arizona Realtor 480-225-7188 is Offering 25% Rebate credited back to the Buyer at close of escrow when you purchase a home! 

We have a special program that we are extending to our Friends & Family of Heroes through our nationally recognized Homes for Heroes program! 

Here is an example: 

Buyer purchases a home for $ 250,000.00

We get a 3% commission $7,500.00

Buyer gets an additional 25% credit $ 1,875.00!

Buyer can use towards closing costs & lender allowed credits.

What does this mean? 

BIG SAVINGS FOR BUYERS! 

Homes for Heroes® is an organization that was formed after the tragic events of 9/11 as a way say “Thank You” to the heroes of our nation.  It is an organization that gives back to our local heroes who include, but are not limited to: Military personnel, Police/Peace Officers, Firefighters, First Responders, Teachers, and Health Care Workers.  This program allows me to give back to our local community heroes by giving them discounts and rebates when they buy or sell with an affiliated Homes for Heroes Realtor and lender.  We also have other professional affiliates that are willing to give back to our local heroes creating a well rounded savings package for our community heroes that continues to give back to them even after they close.

These include, but are not limited to: insurance companies, home inspectors, pest inspectors, title companies, stagers, contractors and other local businesses.  

Why am I telling you this?  Because Homes for Heroes® is available to our local heroes anywhere in the United States and you may be a hero or know of a hero that would benefit from this program.  This program does not stop at giving back when our heroes utilize our services.  We also offer the Homes for Heroes Foundation®.  

The Homes for Heroes Foundation® is a public charity exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. Its mission is to provide or coordinate financial assistance and housing resources to our Nation’s Heroes such as Military personnel, Police/Peace Officers, Firefighter and First Responders who demonstrate neediness.

Hastings Farms - Resale - Why Wait & Build? - Move in Ready 5 Bed 3 Bath Queen Creek

Less than 1 Year Old! 5 Bed 3 Bath in Hastings Farms

Overview Maps Photos

$230,000 Single Family Home Main Features 5 Bedrooms 3 Bathrooms 1 Unit Interior: 2,294 sqft Location 23712 S 210TH PL Queen Creek, AZ 85142 USA

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Chris Benson Estate Realty & Management (480) 225-7188 bensonrealestate@gmail.com http://www.queencreekforeclosure.com         Listed by: Chris Benson

Our recent listings Less than 1 Year Old! 5 Bed 3 Bath in Hastings Farms Amazing Home in Arden Park HUD Home! 3bed/2ba + Pool! Villages Golf Course - Diving Pool - 5 Bed 3 Ba 3 Car Garage Pecan Creek - HUD Home - Great Deal Subscribe to our listing feed

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Queen Creek Mortgage Interest Rates - New Program for Buyers with a Short Sale

Chris Benson - Queen Creek - San Tan Valley 480-225-7188 - www.queencreekforeclosure.com

22308 S Ellsworth Rd Queen Creek AZ 85142 

Great New Loan Program for Buyers! 

I am sure you may have heard from others about this.  I wanted to get the facts before sending this out to you!  We a great conference call yesterday direct with FHA and here is what the new “Back to Work” program looks like.

Homeowners that have been forced into a bankruptcy, short sale, deed in lieu of foreclosure and/or a foreclosure over the past few years now have the option to become homeowners once again within 1 year (current time frames are 2 years for Chapter 7 Bankruptcy, 3 years for most Short Sales and 3 years for Foreclosures).  FHA has released a new program that allows eligible borrowers to buy 1 year after a bankruptcy, short sale, deed in lieu of foreclosure or foreclosure.  FHA is calling this new make sense mortgage program the “Back to Work” program.

This new FHA based program was established by FHA to help people that realized a reduction in income as a result of the recession.  If a borrower meets FHA’s program specific criteria they will be eligible for a new FHA loan and may buy 1 year after a bankruptcy, short sale, deed in lieu of foreclosure or foreclosure.  How does a client qualify for this new program?  Below are a few key “Back to Work” FHA mortgage guidelines:

Basic program guidelines:

1. Borrower(s) must have sustained a reduction in income of at least 20%
2. Borrower’s reduction in income must have lasted for at least 6 months
3. Borrower’s income reduction must be related to an “economic event” (in other words employment circumstances beyond their control - layoff, termination, reduction in hours/overtime, pay cut etc…)
4. Borrower’s bankruptcy, short sale, deed in lieu of foreclosure or foreclosure must have been directly related to the reduction in income and economic event
5. Borrower must have re-established credit within the 12 months after the bankruptcy discharge date, short sale completion date and/or foreclosure recording date

*NOTE: Clients that are utilizing this program will also be required to complete specific home buyer education (details to follow soon)

Getting Qualified for the New FHA Program:

It will be up to the client’s new mortgage lender to document and determine that the borrower meets these new guidelines.   Most mortgage lender’s have NOT yet interpreted FHA’s guidance/new guidelines relative to this new program.  This means that HUD/FHA has in fact changed their rules so that lenders can now originate loans based on this program.  However lenders still need to determine how they are going to handle these types of loans.  Much of that will be based on how investors that mortgage lenders sell these loans to plan on handling this type of mortgage.

Feel free to reach out to us now that may possibly benefit from this program:   I am happy to start educating them on the possible benefits of FHA’s new “Back to Work” program.

One more thing - If a client does meet the “Back to Work” guidelines that are eventually set forth by lenders the client will also need to meet basic FHA mortgage guidelines such as debt to income ratio, loan to value/down payment (3.5%) and minimum credit score in order to qualify to buy 1 year after a bankruptcy, short sale deed in lieu of foreclosure or foreclosure.

*NOTE: Lenders may set forth different guidelines (different than traditional FHA guidelines) relative to this program.  For example, a client may need a higher credit score and/or lower debt to income ratio when compared to traditional FHA guidelines.