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5 FAQs on Home in Five

March 21, 2017
Home in Five: Smiling couple in front of moving boxes

Saving up for a down payment on a new home in Maricopa County? This homebuyer assistance program, now available through HomeAmerican Mortgage Corporation, may give you the boost you need to move up your moving day! What’s Home in Five? It’s a grant from the Phoenix and Maricopa industrial development authorities (IDA) that may be used toward a down payment and/or closing costs on a qualified home purchase. Typical program participants receive 2.5 to 3.5% of the total mortgage amount; members of the military, first…

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Financing & Insuring

Frequently Asked Questions: Using Gift Funds to Buy a Home

August 5, 2015

Whether you’re buying your first home or your tenth, you may find you need a little help coming up with a down payment or closing costs. If you’re fortunate enough to have someone who’d like to contribute to your homeownership goals, this FAQ is for you!  What kinds of loans allow you to use gift funds (for the purchase of a single-family primary residence)? FHA loans: Gift funds may be used for up to 100% of down payment and/or closing costs. VA loans: You may…

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Financing & Insuring

From the FAQ File: Title Insurance

March 6, 2014

When you’re buying a home, one of the things you’ll be expected to have at the closing table is title insurance. Q: What is title insurance? A: Title insurance protects against unexpected problems associated with the title to your new home, such as liens for unpaid taxes or unpaid work on the property, mistakes or omissions on the deed, undisclosed heirs, fraud and errors on examining records. Title insurance policies are available to both owners and lenders. While other kinds of insurance, such as auto,…

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Buying a Home

From the FAQ File: Countertops, Cabinets & Other Fixtures

August 22, 2013

Many of our readers are interested in the wide range of fixtures used in Richmond American homes. Here are four more topics from our FAQ file. Keep reading our blog for more! Q: What brand of countertops does Richmond American use?  A: Countertops vary by market, but they’re typically offered in a variety of colors, materials and brands. Granite in your choice of available colors is often included in the base price of our homes, but you may certainly opt for quartz, Corian®, tile or…

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Buying a Home

From the FAQ File: Energy Efficiency

March 4, 2013

Saving money on energy bills is a high priority for many homebuyers, so it’s no surprise energy efficiency appears on our list of Frequently Asked Questions. Q: What energy-friendly features are available in Richmond American homes? A: Depending on the market, energy-efficient features may include: ENERGY STAR® qualified appliances, CFL lighting, windows and/or HVAC equipment Effective insulation and interior air sealing Efficient HVAC equipment, properly sized for the home Low-e windows Programmable thermostats Other features may be available in your area. Visit a Sales Center…

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