First-Time Homebuyer Guide for Ferry Pass, Florida – With Charles Stallions as Your Trusted Real Estate Broker
If you're a first-time homebuyer in Ferry Pass, Florida, several assistance programs are available to help you achieve your dream of homeownership. With Charles Stallions as your trusted real estate broker, you’ll receive expert guidance through every process step—qualification to closing.
1. Who Qualifies as a First-Time Homebuyer?
In Florida, you're considered a first-time homebuyer if you haven’t owned and occupied a primary residence in the past three years. This opens the door to special financing options and incentives designed for new buyers.
2. Basic Requirements to Qualify
To access most first-time homebuyer programs in Ferry Pass, you’ll need to meet a few standard criteria:
Credit Score: A minimum credit score of 640 is often required.
Income Limits: Your household income must fall within the program’s guidelines, which vary by county and household size.
Purchase Price Limits: Homes must fall within set price limits specific to Escambia County.
Homebuyer Education Course: To help you understand the responsibilities of homeownership, you are typically required to complete an approved course.
Approved Lender: You must work with a lender approved by the specific program. Charles Stallions can help connect you with reliable lenders in the area.
3. Available Assistance Programs
With Charles Stallions by your side, you’ll gain access to several popular financing options:
Florida Housing Finance Corporation Programs include down payment assistance and low fixed-rate mortgages.
FHA Loans: Designed for first-time buyers, these loans require low down payments and offer flexible credit guidelines.
VA Loans: Available for veterans and active-duty military members—these loans typically require no down payment or mortgage insurance.
USDA Loans: Great for rural homebuyers, these loans often have zero down payment requirements.
4. Steps to Buying Your First Home
Charles Stallions will guide you through each critical step in your home-buying journey:
Find a Lender: Get pre-approved so you know your budget.
Choose a Real Estate Agent: Charles Stallions has over 25 years of experience helping first-time buyers succeed.
Complete Homebuyer Education: Learn the ins and outs of mortgages, budgeting, and the home-buying process.
Compare Loan Options: Charles will help you explore the best loan products for your financial situation.
Prepare Your Finances: Start saving for your down payment, closing costs, and any other upfront expenses.
5. Helpful Resources
Charles Stallions works closely with local and state organizations including:
Florida Housing Finance Corporation
Community First Credit Union of Florida
LendingTree
New American Funding
As your trusted real estate broker, Charles Stallions is here to make your first home purchase in Ferry Pass smooth, informed, and stress-free. Let’s turn your dream of homeownership into a reality—call today to get started!
Why Choose Charles Stallions?
Since 1995, with Charles's experience and certifications like Certified Residential Specialist (CRS), Certified Buyer Expert (CBR), and Senior Real Estate Expert (SREE), Charles Stallions has helped thousands of families achieve their real estate dreams. Whether you are buying your first home or upgrading to your dream property, Charles is here to guide you.
Ready to Take the Next Step?
Whether you’re buying, selling, or exploring the local market, let Charles Stallions guide you every step of the way. Call or text today at 850-476-4494
for expert advice you can trust. We “R” The Realtors for That!
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