AZ Real Estate 07-05-15

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R E A C H U S || TA M E R A T H O R N T O N , TA M E R A . T H O R N T O N @ A R I Z O N A R E P U B L I C . C O M || B U S I N E S S . A Z C E N T R A L . C O M

CATHERINE REAGOR REAL ESTATE

No down payment? There is help

A R R A N G EÂ THEMÂ TO LOOK FULL, BUT NOT CLUTTERED

There’s an art to arranging shelves. Whether for books or collectibles, a well-dressed shelf should look full without being cluttered. See SHELVES, Page 3R

M. DESIGN INTERIORS/AP

An artfully decorated bookcase looks full without feeling cluttered. The shelves feature a painted interior, providing a striking backdrop for books displayed vertically and horizontally.

Crystal and Anastazio Belmontes spent the past few years working on cleaning up their credit record and saving money to buy a Phoenix home. The couple had cash in the bank and was looking at houses earlier this year, when their car died and their medical insurance costs soared. It was a tough phone call for Crystal, a 32-year-old accountant, to make when she contacted their real estate agent to say the search for a house was off. But her agent knew about a new program that has helped more than 1,000 Valley homebuyers with down payments. With more than a $5,000 down-payment grant from the Arizona Housing Finance Authority’s Home Plus program, the Belmontes were able to obtain a mortgage on a three-bedroom house in Laveen last month. Their house cost less than $160,000 and is bigger, with enough bedrooms for them and their three children. They are paying only about $150 a month more than they did to rent, and the tax deduction could make up the difference. The Belmontes’ payments also could drop within five years if they build up 20 percent equity in their home and are no longer required to pay mortgage insurance on their government-backed loan. “We had been renting for 10 years and thought we might not ever get into our own house,� Crystal Belmontes told me. “We love our home. Our children are so happy we are right next to a park, and a school is near by.� Since the housing crash, lenders are requiring bigger down payments from buyers. “The down payment seems to be the biggest issue for first-time and boomerang buyers now,� said Dirk Swift, homeownership programs administrator for the Arizona Housing Department’s Finance Authority. “Expenses are going up. Wages are stagnant. Rents are sky high, and then there’s student loan debt.� The Home Plus program was launched in Maricopa County late last year. The Belmontes are telling all their friends and family about the program that helped them buy a house.

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SCOTTSDALE | 31802 North Black Cross Road | Open Today 1-4PM

HIGH DESERT HIDEAWAY on three ACRES. Magnificent MLS# mountain vistas wrap this incredible home site. Grand gates Bedrooms open to a bridge over a culvert and notable paved motor court. Bath Opulent finishes. Alder woods, Cantera stone surround fireplace, Pool spectacular bar and tremendous Travertine. Awe-inspiring granite island kitchen with professional appliance package and beautiful Sq. Ft. custom cabinetry. Extravagant sitting room master with fireplace Parking and private exercise room. Home office. Negative edge pool with Lot Size waterslide and grotto. Outdoor kitchen beneath the dining pavilion ZIP Code with rooftop spa. Stunning guest home. Five car garage. RV garage. RV gate. Horse privileges. A luxury build by the original Online Pics owner. – Joseph Callaway Price

Brought to you by Those Callaways Luxury Circle, (480) 596-5751

- 5289840 -4 -5 - Yes - 5,524 - 5-Car Garage - THREE ACRES - 85266 - ThoseCallaways.com - $1,595,000

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SCOTTSDALE | 5201 East Oakhurst Way | Open Today 1-5PM

SCOTTSDALE CONTEMPORARY. Boasting a unique center MLS# courtyard, this stunning contemporary is nestled on a huge corner Bedrooms lot in a highly desirable Phoenix/Scottsdale neighborhood with Bath great schools and easy access to anywhere. Towering shade trees. Pool Modern-urban ambience with super-easy-flowing floor plan that pivots around the courtyard and its private heated pool and large Sq. Ft. lounge/sun decks. Gorgeous great room with very open gathering ZIP Code spaces. Dining room with wall of windows. Sharp kitchen with big serving/prep island and bistro breakfast area. Romantic master Online Pics Price retreat. Expansive lawn, putting green, showcase horseshoe pit. Enjoy right now, expand, create something new. Visit tourfactory. com/1382278. Inside: details, directions.

Brought to you by Sandra Baldwin, Russ Lyon Sotheby’s International Realty

- 5299920 -3 -3 - Yes - 2,734 - 85254 - BaldwinTeam.com - $635,000

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AZ Real Estate 07-05-15 by LOCALiQ - Issuu