First Coast Florida homebuyers need to learn as much as possible about financing your next home or condo.
For Jacksonville Florida homebuyers looking for a Jacksonville Fl home need to learn about 203(k) HUD loan and VA loans.
If you are looking to purchase a Jacksonville Fl home in need of renovation, this government program may be able to assist you. There is a 203(K) loan that is designed to aid in the restoration of houses with one to four units. The structure must exceed one year of age, and cannot be a condo. The U.S. Department of Housing and Urban Development's Section 203(K) loan is typically coupled with another loan to buy a house in need of some care. The loan may also simply be done as a rehabilitation-only loan. The 203(K) loan may be used to refinance a temporary loan to purchase the property and make the necessary repairs. For additonal information about 203(K) HUD requirements
The VA offers numerous programs that can help homebuyers buy a Northeast Florida home or condo. VA Loans
As A licensed Mortgage Broker and Broker Associate: please contact me if you have any questions about the above programs.
All Real Estate Options
James Angelo, Realtor
(904) 881-2178
visit website:
http://www.locatehomesflorida.com/ for North & Northeast Florida real estate for sale
condos, townhomes, homes in
Jacksonville, Ponte Vedra Beach, Orange Park, St Augustine, Fleming Island
Atlantic Beach, Clay, Duval & St Johns county
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I love the 203(k) program especially for first time home buyers with limited resources to buy property then fix them up to be their dream home. I've used this program twice with great success and my buyers saved themselves about $50,000 each by doing a little sweat equity.