DOWN PAYMENT ASSISTANCE PROGRAM EXTENDED TO OTHER COUNTIES

DOWN PAYMENT ASSISTANCE PROGRAM EXTENDED TO OTHER COUNTIES

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

Author: Michael Simpkins
Phone: 813-541-3307
Dated: September 1st 2016
Views: 250
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