Are You an Orange County or Orlando First Time Home Buyer? READ BELOW THEN!!!
You want to buy your first Orlando home! Here is one solution that may provide you nearly FREE downpayment funds:
Orange County First Time Home Buyer Guidelines:
Orlando First Time Home Buyer DOWN PAYMENT ASSISTANCE:
Qualified Down Payment Assistance applicants may receive Down Payment Assistance, up to a maximum of $7,500, of assistance funds.
Orlando HOUSEHOLD INCOME LIMITS:
$72,840 - 1 or 2 persons
$84,980 - 3 or more persons
Did you know the median household income in Orlando is around $56,000! Most everyone can qualify for this program!
Orlando HOME PURCHASE PRICE LIMITS:
$309,109 - This amount is well below the median Orlando home price of $94,500!
Orlando CREDIT SCORE:
Your middle FICO credit score must be greater than 599.
Orlando FIRST TIME HOME BUYER STATUS:
You must be a First Time Orlando Home Buyer. This is a person(s) who has not had an ownership interest in a primary residence during the previous three years and you will occupy the home as your primary residence.
Orlando HOME BUYER COURSE:
Orange County requires you to be an educated Orlando home buyer! Call me at (407) 619-6249 if you would like information on a FREE education course provider! Most of these courses range in cost of $40-$55 but I can provide you a FREE source!
So lets do the math on utilizing this program:
Orlando Homes Median Purchase Price: $110,000
Orange County Housing & Finance Authority Downpayment Program: $7500.00
With the median price so low you should expect to spend only $1,000 of your own money to purchase a home! This does not include credit application, inspections, or appraisals. You should expect to have a minimum of $2,000 in savings before you start shopping for your first Orlando home.
By the way, the Orange County or Orlando First Time Home Buyer program covers all cities in Orange County FL! You can buy a home in Apopka, Winter Park, Winter Garden, Ocoee, Oakland, and Gotha.
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