There is good news and bad news regarding H2H and Bond money in Jacksonville FL for first time home buyers. Let's go with the bad news first. The bad news is that the H2H (Headstart to Homeownership) for down payment assistance program funds left just as rapidly as they became available to purchase Jacksonville, FL real estate.
Fortunately for 3 of my buyers I was able to jump in and secure them funds in excess of $10,000 for the purchase of their new construction homes. This money was in addition to the $7,500 in bond money funds that they were able to secure.
Unfortunately the funds have now run out and I am told that they will not be available again until sometime in October.
The good news is that Florida bond funds are still available and at a interest rate of 4.5%. It is a value that is very hard to beat. The other good news is that new construction builders are working some wonderful deals for a limited time due to the end of some of their fiscal years. They are throwing in everything from all closing cost paid, front load washers/dryers and other serious upgrades. Many of these mortgage payments are coming in at a cost less than rent with only $500 out of pocket.
If you are not working with a real estate agent and you have questions regarding down payment assistance please contact me.
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