2007 Bond money available Okaloosa County,Santa Rosa County & Walton

Managing Real Estate Broker with ERA American Real Estate
There is another bond issue for first time homebuyers now available in addition to the State of Florida issue. It is the 2007 Escambia County Bond Program. Here are the general parameters: -this issue is available in Okaloosa, Santa Rosa and Walton counties. -must be a first time homebuyer and have a contract to lock-in. A first time homebuyer is defined as someone who has not owned a primary residence in the last 3 years. -RATE-5.19% with 1.50 points. 30 year fixed rate only. -available for conventional, VA, FHA and Rural Development loans. -Maximum total family income-Okaloosa county - 1-2 members-$57,800 and 3 + members-$66,470. Santa Rosa and Walton counties-1-2 members-$54,800 and 3 + members-$63,020. -Maximum sales price limitations-Okaloosa -$281,137, Santa Rosa-$237,031 and Walton-$429,619. -owner occupied only. -no home buyer counseling required. -UP to $7000 in the form of a second mortgage to cover closing cost, prepaids and down payment. The Rate is 0% amortized over 10 years($58.33 per month). There is no monthly payment but the second is paid when the house is sold, or the borrower no longer resides in the property. This bond issue offers the lowest rate currently available on a 30 year fixed rate. If you are working with someone who is a first time homebuyer, please have them call me with any questions. 1-800-303-7010, or 651-5252 local. Thanks in advance, John Flournoy Mortgage Loan Officer


follow me on Twitter click the twitter image.

Brandon Jordan's Profile
Brandon Jordan's Facebook Profile
Add me to your Facebook

View Brandon Jordan's profile on LinkedIn

Posted by

Brandon Jordan, Realtor,E-PRO,ERA American Real Estate

Thank you for adding me as a friend over the years on Facebook.

Now like my new business page on Facebook.


View Brandon Jordan's profile on LinkedIn

Brandon Jordan
Sr Vice President
ERA American Real Estate
Cell- (850)-758-1236
Fax- (850)-682-9439
Buy A Florida Vacation Home.com

"We provide this information and much more on our site for you 
at no charge, so please remember us when you're looking to buy
or sell real estate"


Comments (0)