Do you live in Ft. Myers? Cape Coral? Lehigh Acres? Port Charlotte? or anywhere else in Southwest Florida?
Are you a First Time Homebuyer?
a little hint (help) here;
the definition of a first time homebuyer, for our purposes, is anyone who has not owned a home in the last 3 years
Do you need some help with downpayment and/or closing costs $$$$$
the Florida Housing Finance Corporation & the Florida Bond Program
if you haven't heard much about this, or if you haven't heard anything
Florida Housing offers a downpayment and closing cost assistance program to eligible borrowers.
So, whose eligible? here's some of the basics;
640 credit score
6-8 hour homebuyer education course through an approved provider
(I personally know one/some of the instructors)
Florida Assist: up to $7500 to assist with down payment and closing costs. This is a deferred, non amortizing, 0% interest, second mortgage which is repayable when the borrowers sell or refinance the property, satisfy the first mortgage, or no longer occupy the property as their primary residence.
Home Ownership for Moderate Income Loan (HAMI); offers borrowers up to $5000 to assist with downpayment and closing costs. This is a fixed rate, 10 year second mortgage that is repaid on a monthly basis (payment currently about $50), for the 10 year term of the loan.
As you may think, there are income restrictions, and as you may have picked up on the HAMI (moderate income) the income is more liberal with that program. For example(s)
Charlotte County 1-2 persons $66,960 3+persons $78,120
Lee County $68,400 $79,800
Collier County $87,360 $101,920
psst; there is plenty of money available
unfortunately, not many lenders offer the program. you'll hear plenty of excuses, but the bottom line is that they just don't make enough profit on a bond program. that's true.
We offer it. We are dedicated to helping first time homebuyers achieve their dreams of home ownership.
I've got to warn you rates, and terms are subject to change without notice, but the data (numbers) provided are effective May 9, 2012.
So, if you need some help, or want some more info, just call olde smily up there on the right (he happens to be certified),
He wants to help.