Closing costs for a new home – no strings attached - Ahwatukee Foothills News: Real Estate

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Closing costs for a new home – no strings attached

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Posted: Thursday, August 22, 2013 4:25 pm

The program is called “Home in Five for Maricopa County.”

For individuals interested in receiving money to help in the purchase of a home this is a great program because buying a home is such a stressful time.

“Home in Five for Maricopa County” is a true gift of up to $15,000 with no strings attached. You can get 5 percent of the Note Amount to be used toward your closing costs and/or down payment with a maximum of $15,000. You are never required to repay the gift (except for fraud), no stipulations on the time you have to live in the house and no second liens on the property. Sell your house, refinance the house or live in the house for the next 30 years. It does not impact the 5 percent you receive through this program. This 5 percent gift is for FHA/VA financing only and could be for every future home buyer. Normally, programs are for first time home buyer’s only, but not this program. It is for every owner-occupied home buyer.

Here are the details on how you can qualify. The buyer must occupy the home within 60 days of purchase, so no second or investment homes. Your FICO score must be at least a 640. Your maximum debt to income ratio cannot be higher than 45 percent. The maximum income for the entire household is limited to $88,340 and the maximum purchase price is $300,000. The property can be a new or existing single-family home, condo or townhouse. All of Maricopa County is eligible for this program. The only other requirements are a home inspection and home buyer education is required to qualify. These are very minimal requirements to get 5 percent or up to $15,000 for your down payment or closing costs. Basically, it is free money to help you buy your dream home.

• For more information on the “Home in Five for Maricopa,” contact Stacey Lykins, Realtor with West USA, based out of Ahwatukee, at (602) 616-9971, or

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Keystone Montessori

[David Jolkovski/AFN]
Teacher Pily Pantoja helps Sarah Wang, 4, with the addition snake game at Keystone Montessori on Thursday, Sept. 4, 2014.

Keystone Montessori has come a long way since its founding in 1995. Back then it was operated out of the founder’s home before eventually moving on to rent rooms from Horizon Presbyterian Church. It was only in 2000 that they had gained a strong enough enrollment to move into the facility where they currently reside on Liberty Lane, just off Desert Foothills Parkway and across from the Ahwatukee Foothills Family YMCA.

The school services students as young as 18 years old, as part of their toddler program, and as old as ninth-graders. The current enrollment is around 320 students, who all have access to Spanish, music and arts programs in addition to the full Montessori curriculum.

“We provide an authentic Montessori education which focuses on the independence and whole development of the child, including academic as well as social and emotional growth,” said head of school Cindy Maschoff. “We want our students to become independent citizens of the world.”

The school will be taking the time to present the concept of Montessori education to the public Jan. 29 and 30. At the presentations the school will provide a clear understanding of what Montessori education looks like at each level of education. Those wanting to attend should plan on going to both meetings, with the Jan. 29 meeting going from 6-7 p.m. and the Jan. 30 meeting from 9 a.m. to 1 p.m. The meetings require attendees to RSVP, which can be done by emailing

For more information, visit

• Compiled by James Gingerich.

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