Florida Housing 3% Grant Program

Justin MillerNo CommentsConventional Loans, Down Payment Assistance (DPA)

This is a program for first-time homebuyers.  It is a 0% interest, non-repayable, 3% of the purchase price grant.  This is used on a Conventional Fannie Mae loan.  Here are a few things to know:

  • A 640 middle credit score is needed
  • There is reduced mortgage insurance
  • You don’t have to pay doc stamps or intangible tax
  • You have to take a a homebuyer education course. Face-to-face Homebuyer Education  is preferred if provided by a HUD approved counseling agency

Call or email us today to find out more (954) 903-7256 or [email protected]