Hardest Hit-it just keeps gettin better & better

By
Mortgage and Lending with Fairway Independent Mortgage Company 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.

Okay;

 

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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Topic:
Home Buying
Location:
Florida St Lucie County Port St Lucie
Groups:
All Things Florida
Mortgages
1st Time Buyers
Localism Brainstorming
Posts to Localism
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st lucie county port st lucie

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Rainmaker
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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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Rainmaker
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Jay Beckingham

Seniors ROCK!
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