Thursday, February 20, 2014

$10,000 First Time Home Buyer Program... WHY RENT?

Sorry in advance to anyone not living in Florida (and not just because it's 81 degrees and sunny here). Florida residents can easily qualify for an interest free $10,000 loan.\
Here's what you need:

1. To be a first-time home buyer or to not have purchased a home (or lived in your own home) for the last 3 years.

2. Have a median credit score of 640

3. Maximum sales price of $190,000

4. The home must qualify for FHA financing (it must be in good condition so no rehabs or fixer-uppers)

THAT'S IT!

You can use the $10,000 for closing costs, downpayment, and/or pre-paids like homeowner's insurance or taxes.

Why would you rent and toss money out the window when you could be investing in your home and future?


There are only a few participating lenders/banks right now so you must contact them to do your loan.
Linda Kemp from Raymond James Bank has been excellent to work with thus far so I would recommend her at this time. 727-567-2568 or Linda.Kemp@raymondjames.com

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