NEWS ALERT! DOWN PAYMENT ASSISTANCE PROGRAM EXTENDED TO OTHER COUNTIES!
FIRST TIME HOME BUYERS, WHO HAVE NOT OWNED A PRIMARY RESIDENCE IN THE PAST 3 YEARS (VETERAN (NOT ON ACTIVE DUTY), BORROWERS ARE EXEMPT FROM THE 3-YEAR RULE.
UP TO $15,000 IN ASSISTANCE. 640 CREDIT SCORE OR HIGHER FLORIDA HOUSING FINANCE CORPORATION OFFERS A SECOND MORTGAGE PROGRAM THAT PROVIDES ELIGIBLE BORROWERS WITH FUNDS THAT CAN BE USED FOR DOWN PAYMENT, CLOSING COSTS AND PREPAIDS, MORTGAGE INSURANCE PREMIUMS OR AS A PRINCIPAL REDUCTION TO THE FIRST MORTGAGE. A FIVE-YEAR, DEFERRED LOAN THAT IS FORGIVEN AT THE RATE OF 20% PER YEAR, OVER THE TERM OF THE SECOND MORTGAGE LOAN PROVIDED THE BORROWER IS NOT IN DEFAULT.
LIST OF COUNTIES PARTICIPATING: BREVARD, CLAY, DUVAL, HILLSBOROUGH, ORANGE, OSCEOLA, PASCO, PINELLAS, POLK, ST. LUCIE AND VOLUSIA COUNTY AUTOMATICALLY QUALIFY. OUTSIDE OF THESE COUNTIES, THE ASSISTANCE IS UP TO $7500. THE ASSISTANCE FROM OUTSIDE COUNTIES MUST BE PAID BACK WHEN SELL THE HOME.
FHA AND CONVENTIONAL LOAN AND MAXIMUM HOUSEHOLD INCOME LIMITS APPLY.
CALL ROBBIN MCGOWAN @ 813-758-9235 FOR MORE INFORMATION
KELLER WILLIAMS REALTY/TML
813-758-9235
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