As your Englewood FL Realtor, we’re excited to share how this program is designed to make homeownership more affordable for first-time homebuyers in Florida.

This unique program offers down payment and closing cost assistance to income-qualified buyers, helping you purchase a primary residence in the community where you work and serve. Whether you’re a teacher, healthcare worker, first responder, or military personnel, the Florida Hometown Heroes Loan Program can help you achieve homeownership with lower-than-market mortgage interest rates.

Program highlights include:

• Down payment and closing cost assistance of up to 5% of the first mortgage loan amount (up to $35,000).
• No origination or discount points, meaning lower upfront costs.
• 30-year deferred second mortgage with 0% interest, due only upon sale, refinancing, or transfer of the property.
• Special benefits for those who have served or are currently serving in the military.

INCOME AND LOAN LIMITS

As experienced SWFL Realtors, we can guide you through the steps of securing your home using this program and make the entire process smooth and straightforward. If you’re an eligible Florida homebuyer looking to purchase a home in the area, this could be the financial boost you need to get into your dream home!

Contact us today to learn more about the Florida Hometown Heroes Housing Program and how you can start your homeownership journey in beautiful SWFL. Let’s make your homeownership goals a reality!

The post FLORIDA HOMETOWN HEROES HOUSING PROGRAM appeared first on The Burtch Team at Century 21 Sunbelt Realty.

Ready to Own a Home?

YOU DON’T HAVE TO RENT FOREVER!

Down Payment Assistance is available for many people. Read on to see if one of these scenarios or solutions could work for you!

Maybe you’re Like Scott & Chloe…

Your Down Payment Options Could Be

Have the income but not the down payment?

Couples like Scott and Chloe have growing careers and increasing rent. When it’s time to buy your first home, there are down payment assistance programs available.

HOME OWNERSHIP PROGRAMS

There are numerous local programs that can provide a variety of assistance to first-time home buyers. A qualified REALTOR® will have the inside scoop about anything in your area that you could be eligible for.

INCOME-RELATED GRANTS

Many states and some financial institutions will offer income-related grants. Opportunities for these may be found through your university, in your city, or at your bank. Your real estate agent can help you dig into grant options based on your income.

Maybe you’re like Amal & Marie…

Your Down Payment Options Could Be

Have a history of military service?

You may think that a relocation and lack of income history due to recent deployment are a barrier to buying. There are numerous options to help you.

VA PRIVATE LOANS

There are numerous programs that provide veterans with home loans. A qualified REALTOR® will have the inside scoop about anything in your area that you could be eligible for.

DOWN PAYMENT GRANT

Down payment assistance grants may be an option for veterans in certain states. This specific service is available in many areas, enabling veterans and their spouses to become homeowners by providing down payment assistance.

Maybe you’re like Steph…

Your Down Payment Options Could Be

Moving up in your career and ready to buy a home?

You may be successful but have minimal savings. If you’re ready to invest in a home, there are many ways you can receive down payment assistance.

ZERO-INTEREST LOANS

If you have great credit and a good income, you may be able to borrow money to use as a down payment. This will allow you to get the money you need up-front and pay it off over time.

FHA GOVERNMENT LOANS

Think you have to save up 20% of the worth of your dream home? That may not be true! FHA loans can be obtained for many homes. A real estate agent will walk you through the homes in your area that would qualify and the steps to take.

Maybe you’re like The Gonzales Family…

Your Down Payment Options Could Be

Has your family outgrown your rental?

Maybe your kids are getting older or you have a new baby on the way. Growing families need their own space! Start investing in your own home.

DOWN PAYMENT ASSISTANCE

There are a variety of programs that could help. Local, home ownership programs may be an option. Paying 3.5% on an FHA loan could get you into ownership faster. You may also qualify for a VA or USDA home loan, which requires 0 down. Talking to a REALTOR® will help you navigate your many options as you take the next step towards the future.

0% Down Payment Options

To put no money down on a new home, you could qualify
for a few programs

• Veterans can qualify for a 0% down loan
• USDA loans can provide 0% down mortgages in both rural and suburban areas
• Borrowing down payments as a private loan from a financial institution
• Borrowing down payment funds as a personal loan, from a family member or a friend

Minimal Down Payment Options

To put no money down on a new home, you may pursue FHA GOVT Loans

In addition to being good for people who have minimal money to put toward a down payment, they may be attainable for first-time home buyers with poor credit. FHA loans require as little as a 3.5% down payment, 100% of which could be a gift. There are some restrictions on the home you can buy and the financing you can receive, which your REALTOR® can tell you about.

Home Ownership Program

Regional programs exist in many states that help people buy homes.

Home ownership programs can help you with:

• Down payment and closing cost assistance
• Down payment grants
• MCCs (increased federal tax benefits issued by HFAs) which help decrease mortgage
• interest costs

• Your credit score
• The price of the home you want to buy
• How much money you can put down
• Your location
• Your employment record
• Current income

Opportunities

• Down payment assistance due to your service or job history
• Down payment assistance from your state or the federal government
• Housing assistance in grants
• Expert REALTORS® who know this industry and can guide you to the right solution for you

Ready For An Open Door to Your New Home?

We’re here to help make that happen!

The post DOWN PAYMENT ASSISTANCE FOR LOCAL HOME BUYERS! appeared first on The Burtch Team at Century 21 Sunbelt Realty.