Ricky Khamis's Blog: First Time Home Buyers


First Time Home Buyers

First Time Buyers and FHA Loans

Down Payment Assistance has until April 8th before it is gone!

An exceptional opportunity has returned to First Time Home Buyers.  The two largest factors in your monthly investment for home ownership are interest rate and price.  I mention interest rate first because in many cases it can be a bigger determinant of your payment than price itself.  Our interest rates are at historic lows, hovering around six percent!  First time buyers have to capitalize on this today!  At the same time, home prices in the Valley have adjusted down giving about 30% more people the opportunity of affordability and comfort.  In 2007 many prices adjusted by more than 10% and in some areas closer to 20%.  This means more home for the money and the money is cheaper to borrow.

The key to being a First Time Home Buyer is an emphasis on "HOME."  This is your place to start your life, your future, possibly your family and finally your escape from the hustle of work.  Did we mention tax right off? You need a HOME for more reasons than the obvious.  Do all the HOMEwork you can as HOMEownership and the rewards of it over your life far outpace renting.

It's not even close.  Again though, it's a HOME and most people will own their first home at least 5 years in today's market and probably longer if you work with a professional.  It's been my experience that when you buy right the first time around you're more apt to keep that first HOME longer than the average first time buyer.

Using top professionals give you guidance in choice, need fulfillment and consultation about future trends.  Any agent can find a first time buyer a home, a TOP agent helps you to find the RIGHT FIRST HOME.  There is a difference when you approach the task informed and armed with a TOP team of real estate professional and mortgage planner.  You need help in evaluating things beyond the surface and through the complexities.  You can and will be a successful first time home buyer today.  Act now and enlist the best you can find.  Contact us today for a free consultation.  No cost and no times better than the present.

We are holding 2 seminars per month wher you will learn how you can purchase a home with little or nothing down and less than perfect credit.  One in the Scottsdale are and one in the Chandler area to chose from.

Call 1-888-929-CMPS (2677) to RSVP



 FB IN   Tweet  Google YT 



Ricky Khamis
NMLS 173141 | LO-0911814 | CA-DOC173141
Branch Manager | Corporate Office
Arizona and California CE Instructor

Email: Rick@amerifirst.us

480-344-1900 office
602-758-7425 mobile
480-339-1615 fax

NMLS 145368 

1550 E. McKellips Rd, Suite 117
Mesa, AZ 85203


Amerifirst Financial Disclosure-  The opinions expressed here are the personal opinions of Ricky Khamis.  Content published here is not read or approved by Amerifirst Financial before it is posted and does not necessarily  represent the views and opinions of Amerifirst Financial.

Comment balloon 4 commentsRicky Khamis • February 01 2008 01:31PM


But if one can't afford the monthly payments, with Insurance and taxes...what does the price or rate have to do with anything? Do the clients know how to manage this investment? Yes, it is an investment, and needs to fit their income properly....Fixed for fixed income...ARMs for business or comissionable incomes...There is az good Financial Advisor in your area. World Financial Group, 1 McDonald Parkway in Mesa....give them a call.
Posted by Chuck Christensen (Your Financial Coach) over 12 years ago

Thanks for your post Ricky!

We have been big users of DPA assistance programs with FHA. Any news what is going to happen in April? Would hate to lose these programs.


Happy Selling!

Tony Grego - Indiana Mortgage Broker 

Posted by Tony Grego, 317-663-4173 #1 Trade Association for Alternative Inv (REISA - 317-663-4173) over 12 years ago

Tony thank you for the comment.  The out look is that the Down payment is going to go from 3% to 1.5% and the limit is going to increase to 417k depending on area median price range TBD by HUD 30 days after legislation goes into effect.  Google FHA Modernization Act for more up to date information.  I set a news alert through Google for that.


Posted by Ricky Khamis, NMLS 173141 | CADOC 173141 - 480-339-1565 (Amerifirst Financial, Inc. (NMLS #145368)) over 12 years ago
V3Ea87 xocrhflxpxbv
Posted by hpiznfu over 8 years ago