What is the Florida Housing First Time Homebuyer Program?
The First Time Homebuyer Program makes purchasing a home more affordable for low-to-moderate income families and individuals by offering fixed, low-interest rate mortgage loans. In addition, Florida Housing also offers down payment and closing costs assistance to eligible borrowers, which can greatly reduce the out of pocket expense to the buyer.
Florida Housing’s First Time Homebuyer (FTHB) Program offers 30-year fixed rate FIRST mortgage loans to first time homebuyers through participating lenders and lending institutions throughout the State of Florida. Eligible borrowers may also participate in one of Florida Housing’s second mortgage programs to assist borrowers with down payment assistance and closing costs.
There is certain criteria that You must meet, The Home must meet and your Lender and Realtor must Meet. So, Therefore, there is an approved List of Realtors and Mortgage Brokers. You can find this List on the FloridaHousing.org website. And Yes, I am on that List, as is the Mortgage Broker that I reference. for a Pre-Approval for this Program and for Information. American Eagle Mortgage Company, Dawn Houser www.AEMC.CC/DawnHouser complete the long form for the pre-approval. Questions: 239-464-9455
I would ask which programs can be combined and also find out what the most you can qualify for.
HOWEVER: I must Warn You, These Programs are NOT for anyone looking for a FAST Sale or Closing. They Will Take Time and Patience. You will be working with the Government and Banks and will be required to provide alot of documentation that you may not have readily available. If you are already in the Homebuying process and thinking about using any of these funds to help with your Closing costs, I would seriously try to find an alternative. This could take weeks or months to process.