Real Estate Agent with Coldwell Banker Hartung & Noblin, Inc

I recently received an email from Dana Cummins, mortgage loan officer, with BB&T that relates some great home mortgage opportunities for residents of Leon and Wakulla Counties.  She states due to Tropical Storm Fay, the following counties in Florida have been declared disaster areas:  Brevard, Duval, Hendry, Lee, Leon, Okeechobee, Seminole, St. Lucie, Volusia and Wakulla.  This means that until August 23, 2010 you do not need to be a first time home buyer to qualify for a bond loan or down payment assistance.  Also, previous owners will not be required to take the 6 hour face to face homebuyer education course.  Buyers still must meet income guidelines.  There are 3 sources of down payment assistance:  (1) $10,000 second lien which is deferred, (2) $5000 second lien that is repayable over a 10 year term, and (3) a 3% grant (free money). There is also a community Heroes option if you are employed by law enforcement or fire department, hospital, nursing home or long term rehab care, military veteran or active duty personnel.  The interest rate is slightly lower for this option.   Maximum Sales Price and Income limits vary by county.  You may want to call Dana for more details for qualifying for one of the money saving loans.

Don Pickett, Realtor, Coldwell Banker Hartung and Noblin, Inc. Tallahassee Real Estate N Data Services, 850-591-4725, donpick@aol.com    Search the entire Tallahassee Area Real Estate Market.

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