Hardest Hit-it just keeps gettin better & better

Mortgage and Lending with Bank of England Mortgage 385907

i don't care who you are, when a new program comes to the market you just


don't know what you don't know


The conventional option on the "Hardest Hit" program is just outstanding, if I do say so myself, and I do.


So, let's go over the basics;


the home buyer can receive up to $15,000 for downpayment and closing costs, which are forgiven at 20% per year. So, if you own the home for 5 years, essentially the  $$$ was free.


You need to be a first time homebuyer, or someone who has not owned a home for the last 3 years, or a qualified Veteran. There are income guidelines but they are fairly liberal, for this type of a program. You also must have a 640 credit score. Finally the maximum ratio is 45%.

But Jay, you promised us more! yes I did now, didn't I.



1. the program is 1003 driven, meaning only the applicant, that being the buyer on the application, is taken  into consideration...this option is huuuuuge!

2. the MI is at a reduced cost, and can be discontinued when appropriate equity levels are reached.

3. you need not ask the seller for any assistance.

i don't care which side of the contract you're on, you've got to like that.


"Hardest Hit" is a program offerred through the Flrorida Housing Finance Corporation and their approved lenders, of which I'm one.



*the buyer(s) must be purchasing a home in the following counties: Brevard, Clay, Duval, Hillsborough, Orange, Osceola, Pascco, Pinellas, Polk, St. Lucie, Volusia





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Denise Hamlin, Broker/Owner
Cardinal Realty ~ 319-400-0268 - Iowa City, IA
Helping Happy Clients Make Smart Choices

This looks like a great program offered by the Florida Housing Finance Corporation. Good job on gettingthe word out to buyers. 

Sep 26, 2016 02:16 AM #1
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Jay Beckingham

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