Casa Del Sol
Looking to purchase an affordable house in Wickenburg, AZ?
Buying a home in today’s competitive real estate market can be a challenge. FSL is here to help with affordable homeownership programs that offer expert guidance as well as down payment and closing cost assistance for qualified home buyers. We don’t sell to investors or part-time residents, so you can rest assured that you will be part of a neighborhood committed to putting down roots in the community.
Wickenburg- A Western Paradise
Known as the “Roping Capitol of the World”, Wickenburg is a town of approximately 8,000 people. Located an hour’s drive (50 miles) northwest of downtown Phoenix, this town is known for annual events such as Fiesta de Septiembre, the Bluegrass Festival, and Gold Rush Days. These exciting events, as well as many local attractions, quaint stores, and charming dude ranches offer plenty of opportunities to get out and gather with family and friends!
Upcoming Housing Options
The Casa del Sol subdivision will consist of 16 lots, averaging 5,450 square feet. Floorplans will range in size from 1,325 to 1,600 square feet and will feature 3 to 5 bedrooms, 2 bathrooms, and 1- to 2-car garages. The single-story homes will be energy-efficient and built to the Gold-level of the National Green Building Standard.
What financial assistance is available?
Final sales prices have yet to be determined, but all buyers of FSL homes in Casa del Sol will receive a minimum of $40,000 in down payment and closing cost assistance.
Do I Qualify?
Home sales in Casa del Sol will be reserved for households who meet the following eligibility criteria:
1. Buyers must occupy the home as their primary residence. (No investors or 2nd home buyers.)
2. Household income must be at or below 80% AMI (Area Median Income). See chart below.
- 80% AMI **
**Include the gross annual income of all adults in the household
3. Must be a first-time homebuyer. A first-time homebuyer is defined by our funding source as:
a. The potential homebuyer or spouse has had no ownership in a principal residence for a three-year period ending on the purchase date of the property. If either spouse qualifies under one of these requirements, both are considered first-time homebuyers.
Meaning, neither you nor your spouse (if you have one) have owned your own home within the last three years.
b. The potential homebuyer is a single parent who has only owned a home with a former spouse while they were married.
Example: you are a divorced mom of two and you used to own a home, but it was a home you owned while you were married to your former husband.
c. The potential homebuyer is a displaced homemaker who has only owned a home with a spouse.
Example: You were previously married and are now divorced. You have owned a home in the past, but you owned that home when you were married.
d. The potential homebuyer is an individual who has only owned a principal residence not permanently affixed to a permanent foundation, according to applicable regulations.
Example: your primary residence is an RV or mobile home.
e. The potential homebuyer is an individual who has only owned a property that was not in compliance with state or local building codes which cannot be brought into compliance for less than the cost of constructing a permanent structure.
Example: Your primary residence has been deemed to be out of compliance with state and local building codes. The cost to repair the house so that it is up to code is $125,000, but the home is only worth $115,000.
4. Buyer shall contribute a minimum of $1,000 from their own funds.
I think I qualify - What happens next?
Please complete the inquiry form below and we will reach out to you regarding next steps.
To be added to our interest list, please complete the form below.
Some FSL Employees May Also Have Real Estate Licenses Issued By The Arizona Department Of Real Estate
DESIGNATED BROKER: Duane Fouts
FSL would like to thank the following organizations for their financial support of the Casa del Sol subdivision:
Federal Home Loan Bank of San Francisco