TERMS OF USE

Last Updated: April 2023

 Please read these Terms of Use carefully before continuing on with your use of the Services. By accessing and/or using the Services (including without limitation our websites and mobile applications) You are agreeing to these Terms of Use. IF YOU DO NOT AGREE WITH THESE TERMS, DO NOT ACCESS OR USE THE SERVICES. By registering with or accessing the Service you are acknowledging and accepting these Terms of Use (these "Terms"). Capitalized terms are defined below.THESE TERMS OF USE CONTAIN A MANDATORY INDIVIDUAL ARBITRATION AND CLASS ACTION/JURY TRIAL WAIVER PROVISION THAT REQUIRES THE USE OF ARBITRATION ON AN INDIVIDUAL BASIS TO RESOLVE DISPUTES, RATHER THAN JURY TRIALS OR CLASS ACTIONS. BY AGREEING TO THESE TERMS OF USE AND THE ARBITRATION AND CLASS ACTION WAIVER PROVISION, YOU WAIVE YOUR RIGHT TO BRING A LAWSUIT IN COURT.Coldwell Banker Real Estate LLC (“We”) fully support the principles of the Fair Housing Act and the Equal Opportunity Act.Some words used in these Terms of Use have a specific definition. You can find these definitions at the end of these Terms of Use.

1. These Terms
This is a legally binding agreement. The terms "you" and "your" refer to an individual registering with or accessing the Service. You represent that you have the full right, power, and authority to enter into and perform these Terms without the consent of any third party.We may, in our sole discretion, amend these Terms from time to time upon notice. Your continued use of the Service after any such change constitutes your acceptance of the amended Agreement. If you do not agree to any portion of these Terms at any time, you must cease your access and use of the Service.

2. Use of the ServiceA. Accounts
You may register, maintain, and create an Account for the Service. You are responsible and liable for all activities conducted in connection with your Account, for maintaining the security of your username and password, and for the accuracy of all information relating thereto, including contact, technical and payment information, and your login credentials. You will promptly (i) update any Account information when it changes, and (ii) notify us of any unauthorized use of your Account, including any security or data breach. You may only connect to the Service through your Account and in accordance with our access procedures. You will not allow an Account to be shared or used by more than one individual. By providing us with your email address you consent to us sending you Service-related notices. You must be eighteen (18) years of age or older to use the Service.

B. Service Rules
You will use the Service strictly in accordance with these Terms, all Documentation, the Privacy Policy, and Applicable Law. You will not engage in any of the following activities:

(i) use the Service in violation of any third-party license or agreement;

(ii) use the Service to collect, process, or store bank account information, credit or debit card information, personally identifiable information pertaining to children under 13, or health or medical information (including 'Protected Health Information' as defined in the Health Insurance Portability and Accountability Act of 1996);

(iii) sublicense, sell, transfer, assign, distribute, republish, rent, lease or transmit in any form or by any means any part of the Service;

(iv) use, modify, copy, or create derivative works from the Service or Marks without the applicable owner's written permission, including without limitation using automated or manual means to access Content from the Service;(v) frame, mirror, embed or otherwise incorporate any portion of the Service in any other service or product;(vi) scrape or use any automated means to collect data from the Service or any website;

(vii) reverse engineer, decompile, or disassemble any part of the Service, or use or access any part of the Service in connection with any other product or service using features, functions or graphics similar to any part of the Service;

(viii) remove, obscure, or alter any Intellectual Property Rights notice related to any part of the Service or Marks;

(ix) send or store unsolicited, infringing, harassing, obscene, threatening, harmful, defamatory, or otherwise unlawful Content;

(x) facilitate the transmission or use of any: (a) malicious code (including malware, viruses, worms, and Trojan horses); (b) traps, time bombs, or other code with a latent ability to disable or cripple software or services; or (c) code that would allow any party to interfere with or access any of portion of the Service;

(xi) interfere with, disrupt, or overburden the integrity or performance of the Service, or interfere with any other use of the Service;

(xii) attempt or assist others to attempt to gain unauthorized access to the Service or its related systems or networks; or(xiii) use the Service in any way not expressly authorized by these Terms.

C. Service Changes; Suspension
We may, without prior notice, change the Service, stop or suspend access to any or all of the Service,

or create usage limits for the Service. Your continued use of the Service after any change or limitation constitutes your acceptance thereof.

D. Monitoring; Records
We have the right, but not the obligation, to review and monitor your use of the Service at any time, with or without notice, including Communications, to ensure compliance with these Terms.

E. User Content and Behavior
Because we do not control Content, you acknowledge and agree that we are not responsible for any Content and we make no guarantees regarding the accuracy, currency, suitability, or quality of any Content. Your interactions with Users are solely between you and such Users and we are not responsible or liable with respect to any such interactions. If there is a dispute between you and any User, we are under no obligation to become involved. We reserve the right to change, condense or delete any content, information, or other materials on the Service (including your Content).

F. Your Representations You represent and warrant that you:

(i) are entitled to grant the rights and licenses to your Content under these Terms and none of your Content will infringe any party's Intellectual Property Rights or violate Applicable Law;


(ii) will not sublicense, sell, license, assign, or transfer to any party any information obtained through the Service or engage in any other commercial exploitation of the Service;

(iii) have the right and authority to enter into these Terms, and that by entering into or executing your obligations under these Terms, you will not be in breach or violation of the terms of any agreement with or obligation to any third party;


(iv) are a prospective purchaser or seller of real property in the geographic areas where we are licensed and operating with a bona fide interest in the purchase or sale of such real property;

(v) have not signed any agreement with a real estate broker or agent that would prevent you from using one of our offices as your sole and exclusive broker or agent, and you do not have a contract or agreement with any third party that would interfere with our representation of you;


(vi) will limit your search on the Service to properties within your anticipated purchase ability or price range and to the properties that meet your other criteria;

(vii) will not (a) contact the owner or seller of any property from information gained through the Service or (b) attempt to enter the property or speak with an owner or seller without an appointment set by us;

(viii) will abide by all copyright restrictions placed on the content of the Website including, but not limited to, any material or data compilations where we or others may hold the copyright;

(ix) agree that we may also represent other prospective buyers seeking to purchase properties that may meet your criteria;

(x) authorize us to review and provide copies of various documents in any of your transactions relating to the Service, including without limitation home inspection reports and closing papers;

G. Agent Users
Any User that holds any type of real-estate license, including, but not limited to a brokers, associate brokers or salespersons license other than Agents must immediately advise us before that User may access any password protected material including, without limitation, house listing data or other data compilations. We reserve the right to deny or terminate access to any real-estate agent who is not an Agent, except for the real-estate agent's limited purpose of accessing the Website for verifying compliance with MLS rules.

H. Property Data Restrictions
In addition to other restrictions herein, for the avoidance of doubt, all property data provided on the Service is for your personal, sole and private, non-commercial use and not available for redistribution, retransmission or copying. You may not sell or use such data for any purpose, other than the purpose of attempting to evaluate properties or properties for sale or purchase. You acknowledge that the MLS data on the Service is owned by the respective MLS, and you acknowledge the validity of the MLS's copyright to such data.

3. Licenses

A. License to You
Subject to these Terms, we grant you a non-exclusive, non-sublicenseable, nontransferable, limited

right, solely during the term of the Agreement, to access and use the Service solely for your non- commercial purposes related to searching for real estate for personal use.

B. License to Us
You grant to the us a non-exclusive, sublicensable, transferable, perpetual, irrevocable, royalty-free, worldwide license to use, develop, transmit, distribute, modify, reproduce, publicly display, and create derivative works of any of your Content to provide, develop, maintain, support, and improve the Service and the Affiliated Entities services.

C. Maps
The Service may feature Microsoft Bing Maps and Google Maps. Use of Microsoft Bing Maps is subject to the Bing Maps Terms of Use and use of Google Maps is subject to the Google Maps Terms of Use and Privacy Notice. Such services are not under the control of Affiliated Entities. Please review the terms of use or privacy policies of these services for rights and restrictions.

4. Ownership Rights

A. Our Ownership Rights
As between you and us, (i) we solely and exclusively own and will continue to own all right, title and interest in and to the Service and Marks; (ii) you will do nothing inconsistent with such ownership, including by challenging title or registering or attempting to register Marks or any similar trademarks; (iii) no title to or ownership in the Service or Marks, or any associated Intellectual Property Rights embodied therein, is transferred by implication to you under these Terms; and (iv) any use of Marks by you that is permitted under these Terms will inure to the benefit of and be on behalf of the applicable owner. You will promptly notify us of any use of the Service or Marks by any party that is not authorized by these Terms. If you provide us or any affiliate with Feedback, you assign to such entity all right, title and interest in and to such Feedback, including all Intellectual Property Rights therein, waiving all claims thereto, including claims of payment and credit.

B. Your Ownership Rights
As between you and us, and subject to Sections 3(B) and 4(A) above, you own all right, title and interest in and to your Content.

5. Data
You agree that the Affiliated Entities, including us, may collect, store, use, and distribute information in accordance with the Privacy Notice, including in respect of your information and data. You will comply with the Privacy Notice. Without limiting the rights contained in the Privacy Notice, You understand and agree that we may use both the data you input into as well as usage data (such as search criteria) to provide and improve our real estate services.

6. Compliance
We do not provide compliance services.You agree that the Service is provided for your convenience only, and not for purposes of enabling you to meet your obligations under Applicable Law and third-party agreements. You are solely responsible for ensuring compliance with such obligations.

7. Payment
If any amounts are due hereunder, you will pay us in accordance with statements issued by us or otherwise as agreed within the Service. Pricing for any portion of the Service is subject to change upon our notice. Pricing excludes, and you will pay, all taxes, but neither party will pay income taxes of the other party. For any amount you fail to pay by its due date, we may charge you a late penalty on the amount overdue each day it is overdue until it is paid, equal to the lesser of (a) the maximum legally permissible interest rate, and (b) an interest rate of five percent (5%), which reflects the cost of our efforts to collect your payment. You will pay amounts through the means determined by us, including without limitation through a payment service provided by us or a PSP. If a PSP is used, you may also be required to register with the PSP, agree to the PSP's terms of service and privacy policies, and go through a vetting process at the request of the PSP. Please note we are not a party to the PSP's terms of service and privacy policies and we have no obligations or liability to you under any such terms or policies.

8. NO WARRANTIES
THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EXPRESS, IMPLIED, OR STATUTORY. USE OF THE SERVICE HEREUNDER IS AT YOUR SOLE RISK. THE AFFILIATED ENTITIES DISCLAIM ALL WARRANTIES, EXPRESS, IMPLIED, OR STATUTORY INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY , FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON- INFRINGEMENT, AS WELL AS ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, NO AFFILIATED ENTITY, INCLUDING US, AND EACH OF THEIR LICENSORS AND SUPPLIERS DO NOT WARRANT THAT ANY PORTION OF THE SERVICE, CONTENT THEREIN OR MLS FEED IS ACCURATE, RELIABLE OR CORRECT; THAT THE SERVICE WILL MEET YOUR REQUIREMENTS OR COMPLY WITH LAWS APPLICABLE TO YOU; THAT ANY PORTION OF THE SERVICE WILL BE AVAILABLE AT ANY PARTICULAR TIME OR LOCATION, UNINTERRUPTED, BACKED UP, SECURE, OR FREE FROM BREACH OR INTERCEPTION OF DATA OR YOUR CONFIDENTIALITY INFORMATION; THAT ANY DEFECTS OR ERRORS WILL BE CORRECTED; OR THAT THE SERVICE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. ANY CONTENT DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE SERVICE IS DOWNLOADED AT YOUR OWN RISK. NEITHER US NOR ANY AFFILIATED ENTITY WARRANT, ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY PRODUCT, SERVICE, LINK OR ADVERTISEMENT OFFERED BY ANY THIRD PARTY THROUGH THE SERVICE OR ANY LINKED WEBSITE OR SERVICE, AND NEITHER US NOR ANY AFFILIATED ENTITY WILL BE A PARTY TO OR IN ANY WAY MONITOR ANY TRANSACTION BETWEEN YOU AND ANY SUCH THIRD PARTY.

9. LIMITATION OF LIABILITY
IN NO EVENT WILL ANY AFFILIATED ENTITY, INCLUDING US, OR ANY OF THEIR EMPLOYEES, LICENSORS, CONSULTANTS, CONTRACTORS, OR DIRECTORS, BE LIABLE FOR COSTS OF PROCUREMENT OF SUBSTITUTE GOODS, LOSS OF REVENUES, LOSS OF PROFITS, LOSS OF DATA, ERRORS, OMISSIONS, MISCALCULATIONS, MISREPRESENTATIONS OF VALUE, OR FOR ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY, OR OTHER DAMAGES. THIS LIMITATION OF LIABILITY APPLIES WHETHER THE ALLEGED LIABILITY IS BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR ANY OTHER BASIS, EVEN IF ANY AFFILIATED ENTITY, INCLUDING US, HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. THIS LIMITATION ON LIABILITY DOES NOT APPLY TO PERSONAL INJURY. OUR LIABILITY TO YOU FOR USE OF AND/OR ACCESSING THE SERVICES OR WEBSITES SHALL IN NO EVENT EXCEED THE GREATER OF THE FEES, IF ANY, YOU HAVE PAID FOR THE SERVICES OR TEN(10)DOLLARS. THEREFORE GOING LIMITATION OF LIABILITY WILL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION.

10. Indemnification
You will indemnify, defend and hold us, including any Affiliated Entity, harmless from and against any and all Claims to the extent arising out of or in connection with your (i) breach of these Terms; (ii) conduct involving fraud, negligence, omissions, or willful misconduct; and (iii) misuse of the Content or any other misuse of the Service.

11. Third Parties
We may, in our sole discretion, (a) delegate or subcontract the performance of any portion of the Service to third party service providers, and (b) make available one or more Third Party Products to you in connection with the Service. Third-Party Products may be separately licensed to you by their respective providers. If you access a Third-Party Product from the Service, you do so at your own risk, and the User understands that these Terms and the Privacy Notice do not apply to your use of such sites. You expressly relieve us from any and all liability arising from your use of any Third-Party Product, and we make no representations or warranties of any kind in respect thereof. PLEASE ALSO VISIT THIRD PARTY WEBSITES TO REVIEW THEIR TERMS OF USE. ADDITIONALLY, THERE MAY BE LINKS TO THIRD PARTY SITES WHICH ARE NOT UNDER OUR CONTROL AND WE ARE NOT RESPONSIBLE FOR THE CONTENTS OF ANY LINKED SITE.

12. Confidentiality
Recipient may use Disclosing Party's Confidential Information solely to perform Recipient's obligations or exercise its rights hereunder. Recipient will not knowingly disclose, or permit to be disclosed, Disclosing Party's Confidential Information to any third party without Disclosing Party's prior written consent, except that Recipient may disclose Disclosing Party's Confidential Information solely to Recipient's employees and/or subcontractors who have a need to know and who are bound in writing to keep such information confidential pursuant to confidentiality agreements containing nondisclosure obligations substantially similar to those in these Terms. Recipient agrees to exercise due care in protecting Disclosing Party's Confidential Information from unauthorized use and disclosure, and in any case will not use less than industry standard security measures and the degree of care a reasonable person would use. The foregoing will not apply to any information that: (i) is in the public domain through no fault of Recipient; (ii) was properly known to Recipient, without restriction, prior to disclosure by Disclosing Party; (iii) was properly disclosed to Recipient, without restriction, by another person with the legal authority to do so; (iv) Recipient independently develops without use of Disclosing Party's Confidential Information; (v) is expressly permitted to be disclosed pursuant to the terms of these Terms; or (vi) is required to be disclosed pursuant to a judicial or legislative order or proceeding; provided that, where possible, Recipient provides to Disclosing Party prior notice of the intended disclosure and an opportunity to respond or object thereto. Our Confidential Information includes these Terms, our pricing, our Intellectual Property Rights, and the Service. Notwithstanding the foregoing, our obligations under this section are subject to the disclaimers set forth in Section 8 above.

Our obligations with respect to your Confidential Information under these Terms are subject to the Privacy Notice. Please review our Privacy Notice.

13. Termination
These Terms will continue in full effect unless and until your Account or these Terms is terminated as described herein. We may terminate these Terms for convenience upon notice. Upon termination of the Agreement, the rights and licenses granted to you hereunder will immediately terminate. Upon termination of these Terms, you grant to us a non-exclusive, non-sublicenseable, non-transferable, irrevocable, and perpetual license to use the data and information collected by the Service under your Account during the term of these Terms, and to use such data and information in accordance with the Privacy Notice.

14. Third Party Beneficiary
You expressly acknowledge and agree that we have the right (and will be deemed to have accepted the right) to enforce these Terms against you as a third-party beneficiary thereof, and that we will have the full benefits of these Terms. These Terms do not and are not intended to confer any rights or remedies upon any person other than the parties and as otherwise expressly stated herein.

15. Assignment
These Terms, and any rights and licenses granted hereunder, may not be transferred or assigned by

you without our prior written consent, but may be assigned by us without restriction. Any attempted transfer or assignment in violation hereof will be nil and void.

16. General

A. Nature of Relationship
The relationship of the parties under these Terms will be that of independent contractors. Neither these Terms as a whole or any part of these Terms will render either party the agent, representative, servant, or employee of the other party. Neither party has the power, express or implied, to bind the other party in any manner or to make representations on behalf of the other party regarding any matter. Except as stated in the Agreement, we will in no way be restricted from using or commercializing all or any portion of the Service or performing or receiving any services from any third-party including services the same as or similar to the Service provided or received in connection with these Terms.

B. MODIFICATION
We may modify any of these terms and conditions at any time, in our sole discretion, by posting the updated Terms. The changes will become effective no sooner than 30 days after posting, please check the Terms from time to time for updates. YOUR CONTINUED USE OF AND/ACCESS OF THE SERVICES OR THE WEBSITES FOLLOWING A CHANGE WILL CONSTITUTE YOUR ACCEPTANACE OF THE CHANGE.

C. AGREEMENT TO ARBITRATE DISPUTES
PLEASE READ THIS SECTION CAREFULLY - IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS. ARBITRATION IS A WAIVER OF THE RIGHT TO BRING SUIT IN COURT.

THIS SECTION CONTAINS PROCEDURES FOR MANDATORY BINDING ARBITRATION AND A CLASS ACTION WAIVER. IF YOU ARE A U.S. RESIDENT, YOU ALSO AGREE TO THE FOLLOWING MANDATORY ARBITRATION PROVISIONS:

WE BOTH AGREE TO ARBITRATE:

You and all Affiliated Entities agree to resolve any claims relating to these Terms through final and binding arbitration, except that, to the extent you have in any manner violated or threatened to violate our intellectual property rights (for example, trademark, trade secret, copyright, or patent rights). Under such circumstances, any Affiliated Entities may bring a lawsuit solely for injunctive relief to stop unauthorized use or abuse of the Site, or intellectual property infringement (for example, trademark, trade secret, copyright, or patent rights) without first engaging in arbitration or the informal dispute resolution process described above.

WHAT IS ARBITRATION: Arbitration is more informal than a lawsuit in court and seeks to resolve disputes more quickly. Instead of a judge or a jury, the case will be decided by a neutral arbitrator who has the power to award the same damages and relief that a court can. Thus, you agree that you are waiving your right to sue or go to court to secure relief, and instead agree to the arbitration process as stated in this provision. If any provision of this arbitration agreement is found unenforceable, the unenforceable provision shall be severed, and the remaining arbitration terms shall be enforced.

ARBITRATION PROCEDURES: The Federal Arbitration Act governs the interpretation and enforcement of this dispute resolution provision. Arbitration shall be initiated through JAMS. Any dispute, controversy, or claim arising out of or relating to these Terms shall be referred to and finally determined by arbitration in accordance with the JAMS Streamlined Arbitration Rules and Procedures.If there is a conflict between JAMS Rules and the rules set forth in this Agreement to Arbitrate, the rules set forth in this Agreement to Arbitrate will govern. The JAMS Rules and instructions for how to initiate an arbitration are available from JAMS at http://www.jamsadr.com or 1-800-352-5267. To initiate arbitration, you or we must do the following things:

• (1) Write a demand for Arbitration. The demand must include a description of the Claim and the amount of damages sought to be recovered. You can find a copy of a Demand for Arbitration at www.jamsadr.com.

• (2) Send three copies of the Demand for Arbitration, plus the appropriate filing fee to your local JAMS office.

• (3) Send one copy of the Demand for Arbitration to the other party.

Payment of all filing, administration and arbitrator fees will be governed by the JAMS Rules, except that for claims of less than $1,000, you will be obligated to pay $25 and we will pay all other administrative costs and fees. In addition, for claims of less than $1,000, we will reimburse you for the $25 fee if the arbitrator rules in your favor. Arbitration under this agreement shall be held in the United States county where you live or work, New Jersey, or any other location we mutually agree to, subject to New Jersey law. The arbitration may award on an individual basis the same damages and relief as a court (including injunctive relief). Any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction.

AUTHORITY OF ARBITRATOR: The arbitrator will decide the rights and liabilities, if any, of you and us, and the dispute will not be consolidated with any other matters or joined with any other cases or parties. The arbitrator shall have the authority to grant motions dispositive of all or part of any claim. The arbitrator shall have the authority to award monetary damages and to grant any non-monetary remedy or relief available to an individual under applicable law, the Arbitration Rules, and the Terms. The arbitrator shall issue a written award and statement of decision describing the essential findings and conclusions on which the award is based, including the calculation of any damages awarded. The arbitrator has the same authority to award relief on an individual basis that a judge in a court of law would have. The award of the arbitrator is final and binding upon you and us. The arbitrator's decision may be entered as a judgment in a court of competent jurisdiction.

NO CLASS ACTIONS: You may only resolve disputes with us on an individual basis and may not bring a claim as a plaintiff or a class member in a class, consolidated, or representative action. Class arbitrations, class actions, private attorney general actions, and consolidation with other arbitrations are not allowed.

WAIVER OF JURY TRIAL: THE PARTIES HEREBY WAIVE THEIR CONSTITUTIONAL AND STATUTORY RIGHTS TO GO TO COURT AND HAVE A TRIAL IN FRONT OF A JUDGE OR A JURY, instead electing that all claims and disputes shall be resolved by arbitration. Arbitration procedures are typically more limited, more efficient and less costly than rules applicable in court and are subject to very limited review by a court. In the event any litigation should arise between you and the Affiliated Entities in any state or federal court in a suit to vacate or enforce an arbitration award or otherwise, BOTH PARTIES HEREBY WAIVE ALL RIGHTS TO A JURY TRIAL, instead electing that the dispute be resolved by a judge. YOU ACKNOWLEDGE THAT YOU HAVE BEEN ADVISED THAT YOU MAY CONSULT WITH AN ATTORNEY IN DECIDING TO ACCEPT THIS AGREEMENT TO ARBITRATE.

 OPT-OUT OF AGREEMENT TO ARBITRATE: You can decline this agreement to arbitrate by emailing us at [email protected] and providing the requested information as follows: (1)Your Name; (2) the URL of Terms of Use and Agreement to Arbitrate Disputes; (3) Your Address; (4) Your Phone Number; (5) and clear statement that you wish to opt out of this arbitration provision in the Terms of Use. The Opt-Out Notice must be emailed no later than 30 days after the date you first accept the Terms of Use by using the website.

Choice of Law/Forum Selection In any circumstances where the Agreement to Arbitrate Disputes permits the parties to litigate in court, these Terms shall be governed by and construed in accordance with the laws of the State of New Jersey, excluding its conflict of law rules. You further expressly consent and agree to submit to the exclusive jurisdiction and venue of a court of competent jurisdiction in the United States District Court for the District of New Jersey or in state court in Morris County, New Jersey.

D. Notices

All notices and other communications to be given to any party hereunder will be sufficient for all purposes hereunder if in writing, properly addressed as set forth below in this section and delivered (a) by hand or courier (delivery of notice deemed to occur upon delivery), (b) if sent electronically on the date delivered to the authorized email address, (c) by overnight delivery service (delivery of notice deemed to occur upon delivery and written confirmation thereof by such service), (d) by certified or registered mail, return receipt requested, with appropriate postage prepaid (delivery of notice deemed to occur upon signature of the receipt by the recipient), or (e) if from us to you, posted to your Account on the date posted. If to us, notices may be sent to [email protected]. If to you, your email and mailing address as identified in our records.

E. Headings; Interpretation
Section headings used in these Terms are used for convenience only and are not to be considered in construing or interpreting these Terms. As used herein, "including" means "including without limitation."

F. Severability
The provisions of the Terms are intended to be interpreted in a manner which makes them valid, legal, and enforceable. In the event any provision of the Terms is found to be partially or wholly invalid, illegal or unenforceable, such provision shall be modified or restricted to the extent and in the manner necessary to render it valid, legal, and enforceable. It is expressly understood and agreed between the parties that such modification or restriction may be accomplished unilaterally by us, or alternatively, by disposition of an arbitrator or a court of law. If such provision cannot under any circumstances be so modified or restricted, it shall be excised from the Terms without affecting the validity, legality or enforceability of any of the remaining provisions.

G. Waiver
A waiver of any provision of these Terms must be made in writing to be effective, and our waiver of a

breach of any provision or right contained in these Terms will not constitute a continuing waiver or waive any subsequent breach or right.

H. Force Majeure
Except with respect to your payment obligations, neither party will be liable for failures or delays in the performance of its obligations hereunder due to causes beyond its reasonable control, including, in respect of the provision of the Service, failures or delays caused by our service providers, any act of God, sabotage or terrorist attacks, inclement weather, accidental damage, vandalism, failure or shortage or power supplies, flood, drought, lightning or fire, strike, lock-out, trade dispute or labor disturbance, or any act or omission of government or other competent authorities, including those related to communicable diseases, epidemics, pandemics or other dangers to public health.

I. Entire Agreement
These Terms, and documents incorporated herein, comprises the entire agreement between us and

you and supersedes all prior or contemporaneous negotiations, discussions, or agreements, whether written or oral, between the parties regarding its subject matter.

J. Survival
Sections 1, 2(E), 2(F), 2(G), 2(I), 3(B), 4-17 will survive any termination or expiration of these Terms.

Definitions.

"Account" means the account provided by us that you to manage and access the Service."Affiliated Entities" means, collectively, us, and our parent, subsidiaries, affiliates, and, where applicable, our and their service providers and licensors.


• "Agent" means a real estate-broker, salesperson, agent, associate broker, or similar state licensed real-estate professional licensed with one of our franchisees."App" means a mobile application that may be provided as part of the Service."Applicable Law" means any statute, law, ordinance, rule, regulation, or requirement of a governmental entity that applies to a party or its business.


• "Claim" means, collectively, claims, costs, damages, losses, liabilities, Fines, and expenses (including reasonable attorneys' fees and costs).


• "Communications" means parts of the Service that includes electronic communications services, and document storage and management services, all as provided by us (or, at your selection, by a third party through a Third-Party Product) for your use.


• "Confidential Information" means any information that (i) a party ("Disclosing Party") discloses to the other party ("Recipient"), either directly or indirectly, in writing or orally or by inspection of tangible objects, and (ii) identified as confidential at the time of its disclosure or that should reasonably be understood to be confidential in nature.


• "Content" means any content, data or information provided by a party for inclusion in the Service or uploaded to, transmitted or submitted by a party through the Service, including Communications.


• "Documentation" means the technical and operational documentation made available to you by us regarding any portion of the Service."Feedback" means ideas, suggestions, or recommendations on the Service provided by you."Fine" means any and all fines, penalties, refunds, charges, debits, deductions, legal fees and costs incurred by or other sums payable to any party.


• "Intellectual Property Rights" means all patent rights, copyright rights, mask work rights, moral rights, rights of publicity, rights of privacy, trademark, trade dress and service mark rights, goodwill, trade secret rights, and other intellectual property rights as may now exist or hereafter come into existence, and all applications therefore and registrations, renewals and extensions thereof, under the laws of any state, country, territory, or other jurisdiction.


• "Marks" means an Affiliated Entity's proprietary trademarks, trade names, and service marks, including registrations and applications for registrations thereof and all renewals, modifications and extensions thereof."MLS Feed" means a local listing service ("MLS") feed(s) provided through the Service."Privacy Notice" means the Privacy Notice for a Website or App and other portions of the Service, as provided and modified by us from time to time in our discretion.

• "PSP" means a third-party payment service provider selected by us.

• "Service" means our hosted service (including Websites and Apps), software, Documentation, and any services made available to you by us hereunder, all as may be modified by us from time to time in our discretion.


• "Third Party Products" means the third-party applications and/or services, if any, which may be offered, made available or integrated by us to you for use as part of, or in connection with the Service.

"User" means users of the Service.

"We," "our," and "us" means Coldwell Banker Real Estate LLC.

"Website" means a website that may be provided by us as part of the Service.

"You" and "your" means the individual entering into these Terms with us.

PRIVACY POLICY

Is It Possible to Buy a Home in Tempe, AZ, With Just 5% Down or Less?

Is It Possible to Buy a Home in Tempe, AZ, With Just 5% Down or Less?

October 13, 2026•21 min read

If you have been thinking about buying a home in Tempe, Arizona, but keep getting stuck on the down payment, you are not alone. A lot of buyers assume they need to save 20% of the purchase price before they can even consider buying a home, and when they start looking at prices in Tempe, that number can feel pretty discouraging. Saving that much money takes time, especially when you are also paying rent, covering everyday expenses, and trying to keep some money in the bank for emergencies.

But here is something worth knowing. You may be able to buy a home in Tempe with just 5% down, and depending on your circumstances, you might qualify for a loan that requires even less. Some buyers can purchase with 3% down, while eligible buyers using certain loan programs may qualify for a zero-down mortgage.

Of course, qualifying for a mortgage and feeling financially comfortable after you buy are two different things. Your credit score, income, existing debts, loan type, and the price of the home will all affect what you can afford. You also need to think about closing costs, monthly payments, property taxes, insurance, and the expenses that come with maintaining a home.

So, if you are wondering whether buying in Tempe is realistic without a huge down payment, let's look at what your options actually are, how the numbers can work, and what you should consider before making a move.

Do You Really Need 20% Down to Buy a Home in Tempe?

No. A 20% down payment is not a requirement for most homebuyers.

The idea that you must put 20% down comes up so often that many people treat it as a rule. In reality, it is simply one way to finance a home. Putting 20% down can help you avoid private mortgage insurance on many conventional loans, reduce the amount you borrow, and lower your monthly payment. Those are meaningful benefits, but they do not mean you have to wait until you have saved that much money to become a homeowner.

For many buyers, especially first-time buyers, putting less money down makes homeownership possible much sooner.

Let's say you find a home in Tempe priced at $400,000. A 20% down payment would be $80,000, which is a substantial amount of money to save. At 5% down, you would need $20,000 instead. With a qualifying 3% down mortgage, that amount drops to $12,000.

That is still a meaningful amount of money, but the difference can change how you approach your home search. Instead of spending several more years trying to reach a 20% down payment, you may be able to start exploring your options sooner.

There is a tradeoff, though. When you put less money down, you generally borrow more, which can increase your monthly mortgage payment and the total interest you pay over time. You may also have to pay mortgage insurance, depending on the loan program.

The goal is not simply to put down as little as possible. It is to find a down payment that lets you buy a home without leaving yourself stretched too thin once you move in.

What Does a 5% Down Payment Look Like in Tempe?

It helps to look at actual numbers rather than thinking about your down payment as an abstract percentage. The amount you need depends on the price of the home you choose, and even a relatively small change in purchase price can affect how much cash you need to bring to closing.

Here is an example of how different down payments compare at several possible purchase prices.

Home purchase price

3% down

5% down

10% down

20% down

$300,000

$9,000

$15,000

$30,000

$60,000

$350,000

$10,500

$17,500

$35,000

$70,000

$400,000

$12,000

$20,000

$40,000

$80,000

$450,000

$13,500

$22,500

$45,000

$90,000

These figures are examples, not current Tempe market prices or estimates of what a particular home will cost. They simply show how much the down payment changes as the purchase price increases.

Imagine you are shopping for a home priced at $350,000. If you have $20,000 saved, you might initially think you are still short of what you need. However, a 5% down payment on that purchase would be $17,500, leaving $2,500 of your savings for other expenses. That does not automatically mean you have enough to close, because closing costs and other upfront expenses still need to be covered, but it gives you a more realistic starting point.

This is where planning matters. If you use every dollar you have saved for the down payment, you could find yourself in a difficult position when the first repair, insurance bill, or unexpected expense comes along.

Before you decide how much to put down, look at the complete amount you will need to buy the home and what you want to have left in savings afterward.

Which Mortgage Programs Allow 5% Down or Less?

The good news is that buyers have several mortgage options to consider. The right one depends on your financial situation, whether you have owned a home before, the property you want to purchase, and the requirements of the lender.

1. Conventional Loans With 3% or 5% Down

Conventional mortgages are worth exploring if you have a reasonably strong credit profile and steady income. Some conventional loan programs allow eligible borrowers to put down as little as 3%, while others may require 5% or more depending on the loan, borrower, and property.

Programs such as Fannie Mae's HomeReady and Freddie Mac's Home Possible are designed to help eligible buyers qualify with smaller down payments. They may be especially useful for buyers with qualifying income levels who want to purchase a primary residence.

These programs have specific requirements, so you should not assume that everyone qualifies for the minimum down payment. Income limits may apply, and lenders will review your credit history, debts, income, and other financial details.

With a conventional mortgage, putting less than 20% down will generally mean paying private mortgage insurance, often called PMI. This adds to your monthly housing expense, although the amount depends on factors such as your credit profile, down payment, and loan structure.

The advantage is that you may be able to buy sooner without waiting years to save a larger amount. The downside is that your monthly payment may be higher than it would be with a larger down payment.

2. FHA Loans With 3.5% Down

An FHA loan is another option worth discussing with a mortgage lender, particularly if your credit history or savings make a conventional mortgage harder to qualify for.

FHA loans are insured by the Federal Housing Administration and can allow eligible borrowers to purchase a home with as little as 3.5% down when they meet the applicable credit requirements. They also have specific property standards and loan limits that need to be considered.

For a $350,000 home, a 3.5% down payment would be $12,250. That is considerably less than the $70,000 required for a 20% down payment on the same purchase.

However, FHA loans come with mortgage insurance costs. These generally include an upfront mortgage insurance premium and an annual premium paid over time, subject to the loan's terms. Depending on your circumstances, those costs can make an FHA loan more or less attractive than a conventional mortgage.

This is why comparing the monthly payment and long-term costs is so important. A smaller down payment may get you into a home sooner, but the cheapest option upfront is not always the least expensive option over the life of the loan.

3. VA Loans With No Down Payment

If you are an eligible veteran, active-duty service member, or qualifying surviving spouse, a VA-backed home loan may offer an opportunity to buy a home without a down payment.

VA loans are backed by the U.S. Department of Veterans Affairs and have benefits that can make them particularly attractive to eligible buyers. They generally do not require monthly mortgage insurance, which can help keep the monthly payment lower than some other low-down-payment options.

Eligibility depends on your military service, entitlement, and other applicable requirements. A VA funding fee may apply unless you qualify for an exemption, and lenders still review your finances before approving the loan.

For eligible buyers in Tempe, this can be an excellent option to investigate. If you qualify, you may not need to save 5% at all.

4. USDA Loans With No Down Payment

USDA loans can also offer zero-down financing to eligible buyers, but there is an important limitation: the property must be in an eligible location, and the borrower must meet applicable income and other program requirements.

Because Tempe is an established urban area, you should not assume that a home there will qualify for USDA financing. Property eligibility is determined by the program's rules, so the specific address needs to be checked.

If you are open to buying outside Tempe, a USDA loan may be worth exploring for properties in eligible areas. Just make sure the location, income requirements, and total loan costs work for your situation.

Can First-Time Homebuyers in Tempe Get Down Payment Assistance?

Possibly, and this is an option I would encourage buyers to investigate before assuming they have to cover the entire down payment themselves.

Arizona has offered homebuyer assistance through programs administered by the Arizona Industrial Development Authority, the Arizona Department of Housing, and participating local or mortgage programs. Depending on the program and funding available, eligible buyers may be able to receive assistance toward their down payment or closing costs.

Some programs are designed specifically for first-time buyers, while others may have different eligibility rules. You may need to meet income limits, purchase-price limits, credit requirements, or homebuyer education requirements. Assistance can also come with conditions, such as repayment obligations or requirements to remain in the home for a specified period.

That last part matters. Down payment assistance is not always free money with no strings attached. You need to understand whether the assistance is a grant, a forgivable loan, a deferred-payment loan, or another form of financial support.

Availability can change, and funding may run out, so it is worth checking the current requirements directly with the program administrator or a participating lender.

If you are buying in Tempe, ask a mortgage professional whether any active Arizona programs can be combined with the type of mortgage you are considering. You may discover that your savings go further than you expected.

What Other Costs Should You Budget for Besides the Down Payment?

This is the part that catches some buyers off guard. They spend months saving for the down payment, finally find a home they love, and then discover that buying involves several other expenses.

Your down payment is only one part of the cash you may need at closing.

Closing Costs

Closing costs can include lender fees, appraisal fees, title and escrow charges, prepaid property taxes, homeowners insurance, and other expenses associated with the purchase. The exact amount depends on your loan, the property, the lender, and the terms you negotiate with the seller.

As a rough planning example, buyers sometimes budget around 2% to 5% of the purchase price for closing costs, although the actual figure can fall outside that range. On a $350,000 home, that would equal $7,000 to $17,500.

You may be able to negotiate seller concessions toward certain allowable closing costs, depending on the market and the loan program. However, you should not build your entire plan around the assumption that the seller will agree to cover them.

Mortgage Insurance

If you put less than 20% down on many conventional loans, you will generally have to pay PMI. FHA loans have their own mortgage insurance structure, which differs from conventional PMI.

These costs can affect your monthly budget, so ask your lender to include them in your payment estimate rather than focusing only on principal and interest.

Property Taxes and Homeowners Insurance

Property taxes and homeowners insurance are part of the cost of owning a home, and they can vary from one property to another.

Two homes with similar purchase prices may have different monthly payments because of differences in taxes, insurance premiums, or other property-related expenses. If the home is part of a community with a homeowners association, HOA dues may add another monthly or quarterly expense.

Before making an offer, look at the actual property's tax information, request an insurance estimate, and find out whether any HOA fees apply.

Repairs, Maintenance, and Moving Expenses

You will also want money available for moving, setting up utilities, replacing locks, buying appliances, and handling any immediate repairs.

Even a home that looks great during a showing can need maintenance after you move in. Air conditioning systems, plumbing, roofs, and appliances do not always cooperate with your budget.

In Arizona, air conditioning deserves particular attention because of the long, hot summers. Ask about the age and condition of the cooling system, review the inspection findings, and consider whether the home may need repairs in the near future.

Buying with 5% down can be a sensible decision, but you do not want to become a homeowner with nothing left in your savings account.

How Much Income Do You Need to Buy a Home in Tempe With 5% Down?

There is no single income figure that works for every buyer because lenders look at more than your salary.

They consider your gross monthly income, existing debt payments, credit history, available assets, and the estimated cost of owning the home. The mortgage rate and the purchase price also make a significant difference.

For example, someone earning $100,000 a year with very little debt may have a different borrowing capacity from someone earning the same amount while making large car payments, carrying substantial credit card balances, or paying other monthly obligations.

Your income is only part of the picture.

Lenders commonly use debt-to-income ratios to evaluate how much of your income goes toward monthly debt payments. Different loan programs have different requirements, and approval depends on the full application rather than one number alone.

You should also think about what you can comfortably afford, even if a lender offers you a larger loan.

A mortgage payment that technically fits within the lender's guidelines might still feel uncomfortable once you account for groceries, transportation, childcare, savings, travel, and everything else that makes up your normal life.

When you start looking at homes in Tempe, ask your lender to calculate the estimated total monthly payment at several purchase prices. Compare those numbers with your actual budget, not just the maximum amount you are approved to borrow.

That can help you narrow your search to homes that make financial sense instead of falling in love with a property that leaves you feeling stretched every month.

Does Buying With 5% Down Make Sense in Tempe's Housing Market?

It can, but the answer depends on your goals and the home you choose.

If home prices are moving beyond your savings rate, waiting until you have 20% down could mean spending several more years renting. During that time, you would continue paying rent while working toward a larger down payment, and the cost of homes could change.

On the other hand, buying too soon without enough savings can put you under financial pressure. You do not want to purchase a home simply because you can qualify for a mortgage if the payment will make it difficult to manage your other expenses.

This is where your reasons for buying matter.

If you plan to stay in Tempe for several years, have stable income, and can comfortably cover the monthly payment while maintaining an emergency fund, a smaller down payment may be a reasonable choice.

If your job situation is uncertain, you expect to move soon, or your savings are barely enough to cover the initial purchase costs, waiting may give you more breathing room.

You should also pay attention to the type of home you want. A condo, townhouse, and single-family home can have very different ownership costs, even when their purchase prices are similar.

For buyers who are considering a smaller property to keep the initial cost manageable, it helps to understand the differences between property types and their ongoing expenses. A Should I Buy a Condo or a Townhouse When Downsizing in Tempe? can help you think through HOA fees, maintenance responsibilities, and the kind of home that fits your needs.

And if you are trying to decide whether Tempe is the right place to put down roots, consider how the location fits your work, routine, and long-term plans. Understanding the Pros and Cons of Moving to Tempe can help you evaluate the lifestyle side of the decision alongside the financial numbers.

What Kind of Home Can You Buy With a Smaller Down Payment?

When you have limited cash available for the down payment, it is tempting to focus entirely on the purchase price. That matters, of course, but the condition of the property and the costs of maintaining it deserve just as much attention.

A lower-priced home may help you keep your mortgage payment manageable, but if it needs a new roof, major plumbing work, or an expensive air conditioning replacement, your overall costs could be much higher than expected.

Likewise, a condo or townhouse might have a lower purchase price than a detached home in a particular neighborhood, but HOA fees can change the monthly affordability calculation.

Think about what you need from the home over the next several years. Do you need extra bedrooms for a growing family? Would a smaller home near work make your daily routine easier? Are you comfortable handling yard maintenance, or would you prefer a property with fewer exterior responsibilities?

Tempe offers different living options, and the right choice depends on your budget and lifestyle. If outdoor access is part of what draws you to the area, you might also consider how close a property is to parks, walking paths, and recreational spaces. Spending time in places covered in a Best Parks and Outdoor Spots in Tempe can help you get a better feel for the parts of the city where you would most enjoy living.

The point is to choose a home that fits your budget and your everyday life, rather than buying a property simply because it is available at a price you can qualify for.

Is It Better to Put 5% Down or Save for 20%?

This is one of the biggest decisions you may face, and there is no universal answer.

Putting 20% down can reduce your loan balance, lower your monthly payment, and help you avoid PMI on many conventional mortgages. You will also pay less interest over time if the other loan terms remain the same.

But saving for 20% can take years, particularly if you are buying in an area where home prices are high relative to your income. During that time, you may miss opportunities to buy a home that suits your needs.

Putting 5% down allows you to purchase sooner, preserve more of your savings for other expenses, and begin building equity as you pay down the mortgage. However, you will borrow more money and may have mortgage insurance costs.

There is another factor to consider: the cash you keep after closing.

Imagine you have $45,000 saved and are buying a $350,000 home. Putting 20% down would use $70,000, which means you would not have enough to make that down payment without additional funds. A 5% down payment would require $17,500, leaving $27,500 before closing costs and other expenses.

Depending on your finances, keeping some of that money available for emergencies and repairs could be more practical than trying to put as much as possible into the property.

You should compare the full monthly payment, closing costs, mortgage insurance, and cash remaining after closing under different down payment scenarios. Ask your lender to prepare estimates for 3%, 5%, 10%, and 20% down if those options are available to you.

Once you can see the numbers side by side, it becomes much easier to decide whether buying now or continuing to save makes more sense.

Common Mistakes to Avoid When Buying With 5% Down

A small down payment is not necessarily a problem, but a few common mistakes can make the buying process more stressful than it needs to be.

Assuming your down payment is the only cash you need. Make sure you budget for closing costs, moving expenses, insurance, and any repairs you may need shortly after moving in.

Shopping at the top of your preapproval range. Just because a lender approves you for a particular amount does not mean you should spend all of it. Leave room in your budget for normal life expenses and unexpected bills.

Ignoring mortgage insurance. Ask your lender to include the appropriate mortgage insurance costs in your monthly estimate. A payment that looks affordable without insurance may be less comfortable once everything is included.

Skipping the home inspection. A professional inspection can help you understand the property's condition and identify issues that may need attention. It cannot guarantee that every problem will be found, but it can give you valuable information before you commit.

Forgetting about the emergency fund. You may feel eager to use all your savings to get into a home, but keeping money available for repairs, job changes, and other unexpected expenses can make homeownership much less stressful.

Failing to compare loan options. Do not assume the first mortgage you qualify for is automatically the best one. Compare rates, fees, mortgage insurance, down payment requirements, and the total cost of each option.

These details may not be as exciting as touring homes, but they can make a real difference in how comfortable you feel after closing.

So, Is It Possible to Buy a Home in Tempe With 5% Down or Less?

Yes, it is possible for many buyers, and some may qualify for mortgages that require even less than 5% down.

Conventional loans may allow eligible buyers to put down 3%, FHA loans can offer a 3.5% down payment for qualifying borrowers, and eligible veterans may be able to use VA financing with no down payment. Depending on your circumstances and the property's location, other programs or down payment assistance may also be worth exploring.

The challenge is finding the right combination of purchase price, loan terms, monthly payment, and available savings.

You do not need to wait until you have a perfect financial situation to start asking questions, but you do need a clear picture of what buying will cost. That means looking beyond the down payment and making sure you can manage the mortgage, insurance, taxes, maintenance, and other expenses without putting yourself in a difficult position.

If you are thinking about buying in Tempe, start by reviewing your savings, checking your credit, and speaking with a lender who can explain the programs available to you. Ask for more than one loan estimate so you can compare the numbers instead of guessing what you might qualify for.

You may discover that homeownership is closer than you thought. Or you may find that saving a little longer will put you in a stronger position. Either way, you will be making that decision with a much clearer understanding of your options.

Final Thoughts

Buying a home in Tempe does not automatically require a 20% down payment, and you should not rule yourself out simply because you have not saved that much yet.

For some buyers, 5% down is a practical way to move forward. For others, a 3% down mortgage or an eligible assistance program may make the difference. The right approach comes down to your financial situation, the type of home you want, and how comfortably you can manage the costs after closing.

Take your time with the numbers. A home should give you a place to settle in and build the life you want, not leave you worried about every monthly bill.

If you can find a home that fits your budget, qualify for a suitable loan, and still keep enough money available for the unexpected, you may be in a better position to buy than you realize.

And if you are not quite there yet, that is okay, too. Knowing what you need to work toward is a useful first step.

About the Author

Nancy Wittenberg is an Ahwatukee, Arizona real estate agent with Coldwell Banker Realty who helps buyers and homeowners move forward with clarity and confidence. She is the creator of the Buyer Care Plan™, a step-by-step approach designed to guide buyers through the home-buying process with education and support. Nancy works with buyers and sellers throughout Ahwatukee and the surrounding East Valley, helping buyers understand their options, prepare for the purchase process, and make informed decisions about their next home.

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Nancy Wittenberg

Nancy Wittenberg is a trusted REALTOR® serving Chandler, Gilbert, and the East Valley of Arizona. She helps buyers and sellers navigate the local housing market with clear guidance, honest advice, and strong advocacy. Her signature Buyer Care Plan™ walks clients step by step from the first consultation through closing and beyond, helping buyers feel confident and informed at every stage. For homeowners preparing to sell, Nancy acts as a Strategic Market Guide, helping sellers manage pricing strategy, buyer psychology, and negotiations that determine how a home sale actually unfolds. Nancy holds designations including GRI, ABR®, and SRS, reflecting her commitment to professional excellence and client advocacy in the East Valley real estate market. If you're thinking about buying or selling a home in Chandler, Gilbert, or the East Valley, reach out to Nancy for a conversation, not a pitch.

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