Florida – There are limited special programs with program guidelines to help Florida home buyers, first time home buyers as well Florida investors to achieve their dream of home owner ship.
You need to know the requirements before applying or even signing up for any home buyer assistance loan and grant programs! There are many local programs available as well.
First Time Home Buyer and Low Down Payment Loans
- Low down payment funding in form with gifts and grants
- non occupying co-borrowers
- Down payment assistance coupled with gifts or grants
FHA Financing Program
- FHA is for owner-occupied Borrowers
- Fixed rates are available up to a maximum of 30 years
- Stability of Income must be established
- Very realistic concerning previous problems
- Allows Sellers contribution and incentives
- Down-payment only 3.5% as of this time
Zero Down
- 100% Financing if in qualified area
- new construction and existing homes
Conventional Financing
- at least 10% down payment
- lower interest rates
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