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.
Right now there is limited good inventory in Fort Lauderdale and South Florida. That is why you need to be using a renovation loan now more than ever.
We just came out with a new program that allows a borrower to buy a new home who haven’t get listed or rented their current primary (departure residence) prior to closing.
If you are looking to purchase a home in Florida and are a First Time Homebuyer you need to make sure whoever you are working with offers this program because you could be missing out on $7500 in down payment assistance.
We now offer a program for self-employed borrowers where you can use bank statements in lieu of tax returns. Here are some of the guidelines: