As Phoenix metro real estate market cools down, sellers offer added incentives

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A new housing loan program goes into effect next month. It bumps up the loan limit to about $750,000 and get this – the down payment is just 3%.

Here are two words we haven't seen on a home for sale sign in quite a while: owner financing.

High-end homes like this coveted Al Beadle design in a Phoenix neighborhood command high prices. The owner is willing to help out the right buyer navigate its million dollar price tag. Also creating new possibilities for buyers, a new program that allows first time home buyers to get into a jumbo size mortgage without the jumbo size down payment.

 

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