If you are ready to buy your first home in Jacksonville, FL, here is some good information about new programs available.

The Neighborhood Stabilization Program (NSP) is a city program seeking to purchase bank owned foreclosures, rehabilitate them, and then sell them at moderate prices to homeowners. This program is specifically targeting the following zip codes:

• 32206
• 32208
• 32209
• 32244
• 32254

The program overview is available on this website: http://www.nspjax.com/

This is a brand new program. so there will be more info posted to the website soon.

The other program you may have heard about is the Florida Homebuyer Opportunity Program. This is another city program offering downpayment assistance for first time homebuyers.  There is a limited amount of funding for this program, and this program requires a Home Buyer Education session, which is 8 hours long.  It's important to know the buyers that will benefit from this program are motivated buyers who are ready to buy in the next 45-60 days. Each buyer prospect will be given a letter after the education session, and this letter is First Come/First Served/First Closed.

The max purchase price for a property on this program is $247,500, and the property MUST be owner occupied-not an investment property.

Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Prudential Network Realty.  She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net