You may qualify as a first-time home buyer if you and your partner have never owned a home, or if you and your partner have not owned a home in the last five years. In Arizona, you are considered a first-time home buyer if you meet this criteria.
There are several benefits to being a first-time home buyer, including mortgage down payment assistance, grant programs, and the potential for reduced prices on certain homes.
Traditionally, family members or those who co-sign on the loan can help with the home-buying process. However, there are now alternative options such as crowdfunding platforms that allow others to contribute to the purchase of a home.
If you are a first-time home buyer in Arizona, there are resources available to help you navigate the process and achieve your homeownership goals.
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