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A common problem occurs when the homeowner dies; if the surviving resident does not meet the requirements for ownership, then he or she is forced to sell the home. This can happen even if the survivor is the spouse of the deceased. However, many age-restricted communities have circumvented this issue by allowing the survivor to maintain ...
Loan type. Minimum credit score. Conventional loans. 620. FHA loans. 580 with 3.5% down payment, 500 with 10% down payment. VA loans. No minimum requirement, but generally 620
According to Redfin data from November 2024, the housing prices in Arizona went up 2.7% on an annual basis, reaching the median price of $448,900. The Arizona real estate market had 6,834 homes ...
Ryderwood was originally established in 1923 as a Long-Bell logging camp, then was sold to Senior Estates, Inc. in 1953 to create a retirement community. [7] Senior Estates, Inc. converted the town into a retirement community. Time Magazine covered the event in the real estate section with the article "Old Folks at Home [8]". As of 2019 ...
Independent senior living differs from continuing care communities, which offer independent living along with multiple other levels of care, such as assisted living and skilled nursing, in one single residence. [2] Independent senior living residents are permitted to use third-party home health care services to meet additional needs.
However, not all Arizona cities are ideal for a home purchase. GOBankingRates spoke to Colten Claus, associate broker at 8z Real Estate , about the top cities where buying a home may not be in ...
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