FirstTime&Home&Buyer&Programs& Available&in&Florida
[Pages:17]First
Time
Home
Buyer
Assistance
Programs
First
Time
Home
Buyer
Programs
Available
in
Florida
The
first
step
is
to
get
prequalified
and
determine
what
programs
you
are
qualified
to
use.
Mel
Gilson,
Broker
Associate
863--602--1320
Mel@
First
Time
Home
Buyer
Assistance
Programs
First
8me
home
buyers
are
typically
defined
as
not
owning
a
home
in
the
last
3
years.
Most
programs
will
use
income
and
purchase
Price
and
debt
to
income
raJos
to
determine
eligibility.
Mel
Gilson,
Broker
Associate
863--602--1320
Mel@
First
Time
Home
Buyer
Assistance
Programs
What
are
your
minimum
qualifica8ons
to
buy
a
home
and
par8cipate
in
the
assistance
programs
? 640
FICO
score
or
above
? Full
Jme
job
for
a
year
or
more
? Debt
to
Income
raJo
of
not
greater
than
43%
? (gross
income
?
personal
debt)
? Cost
of
the
home
plus
taxes
and
insurance.
Mel
Gilson,
Broker
Associate
863--602--1320
Mel@
First
Time
Home
Buyer
Assistance
Programs
10
First
Time
Home
Buyer
Assistance
Op8ons
in
Florida
Mel
Gilson,
Broker
Associate
863--602--1320
Mel@
First
Time
Home
Buyer
Assistance
Programs
Florida
Homeownership
Loan
Program
or
(HLP)
? 30 year fixed rate first mortgage ? $10,000 Florida homeownership loan 2nd mortgage now allowed; This is a fully amortized 2nd mortgage for 15 years at 3% interest rate which ends up being a $69 a month payment. ? This can be used with the Florida assist FHA first mortgage or the HFA Preferred conventional first mortgage - Minimum credit score 640+ middle score for 95% LTV ? Minimum credit score 680+ middle score for 97% LTV ? Available statewide ? Home buyer education required ? Discount on mortgage insurance for those that qualify ? Income limits and purchase price limits do apply ? Non Occupant Co-signers are not permitted ? Owner-occupied, 1 unit properties ? Town homes or Condos (Condos must be prior approved) ? New construction or foreclosures okay
Mel
Gilson,
Broker
Associate
863--602--1320
Mel@
First
Time
Home
Buyer
Assistance
Programs
CONVENTIONAL
HFA
PREFERRED
LOAN
?
30
year
fixed
rate
mortgage
?
$7,500
in
assistance
to
help
with
down
payment
assistance
in
Florida
and/or
closing
costs
?
Minimum
credit
score
640+
middle
score
for
95%
LTV
?
Minimum
credit
score
680+
middle
score
for
97%
LTV
?
Available
statewide
?
Home
buyer
educa8on
required
?
Discount
on
mortgage
insurance
for
those
that
qualify
?
Income
limits
and
purchase
price
limits
do
apply
?
Non
Occupant
Co--signers
are
not
permi[ed
?
Owner--occupied,
1
unit
proper8es
?
Town
homes
or
Condos
(Condos
must
be
prior
approved)
?
New
construc8on
or
foreclosures
okay
FHA
w/Florida
Assist
with
4%
Grant
Mel
Gilson,
Broker
Associate
863--602--1320
Mel@
First
Time
Home
Buyer
Assistance
Programs
FHA
w/Florida
Assist
with
4%
Grant
?
30
year
fixed
rate
first
mortgage
?
4%
grant
non
repayable
forgiven
at
closing
based
on
purchase
price,
can
be
used
for
down
payment
and
or
closing
costs.
?
Minimum
credit
score
640+
middle
score
?
Available
statewide
?
Home
buyer
educa8on
required
?
Income
limits
and
purchase
price
limits
do
apply
?
First
8me
home
buyer
requirement
applies
to
all
borrower{s)
and
spouses
?
No
cash
back
at
closing
?
Non
Occupant
Co--signers
are
not
permi[ed
?
Owner--occupied,
1
unit
proper8es
?
Town
homes
or
Condos
(Condos
must
be
prior
approved)
?
New
construc8on
or
foreclosures
okay
Mel
Gilson,
Broker
Associate
863--602--1320
Mel@
First
Time
Home
Buyer
Assistance
Programs
FHA
w/Florida
Assist
with
4%
Grant
?
30
year
fixed
rate
first
mortgage
?
4%
grant
non
repayable
forgiven
at
closing
based
on
purchase
price,
can
be
used
for
down
payment
and
or
closing
costs.
?
Minimum
credit
score
640+
middle
score
?
Available
statewide
?
Home
buyer
educa8on
required
?
Income
limits
and
purchase
price
limits
do
apply
?
First
8me
home
buyer
requirement
applies
to
all
borrower{s)
and
spouses
?
No
cash
back
at
closing
?
Non
Occupant
Co--signers
are
not
permi[ed
?
Owner--occupied,
1
unit
proper8es
?
Town
homes
or
Condos
(Condos
must
be
prior
approved)
?
New
construc8on
or
foreclosures
okay
Mel
Gilson,
Broker
Associate
863--602--1320
Mel@
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
Related searches
- first time home buyer programs 2019
- home buyer programs bad credit
- first time home buyer programs 2019 canada
- first time home buyer programs florida grants
- first time home buyer programs 2019 requirements
- 1st time home buyer programs 2019
- first time home buyer programs 2019 california
- florida first time home buyer programs 2019
- first time home buyer programs 2020 canada
- first time home buyer programs 2020
- florida first time home buyer programs 2020
- first time home buyer programs 2020 nc