If you are looking for a Jumbo Loan (loans over $417,000) in Fort Lauderdale and South Florida you need to contact us today! Not only do we have one of the most competitive Jumbo rates, we have multiple investors too.
If you are a first-time homebuyer (you haven’t owned a primary residence in the past 3 years) in Fort Lauderdale, South Florida, or anywhere in the State of Florida and you are not working with someone that offers you incentives you need to call us today at 954-903-7256.
The Florida Housing Mortgage Credit Certificate (MCC) Program can help first time homebuyers save money each year that they live in their home. With the MCC Program the homeowner can claim up to 50 percent of their paid mortgage interest each year as a TAX CREDIT on their federal IRS tax return. The credit is capped at $2000 annually and any remaining mortgage interest not included as part of the TAX CREDIT is still eligible for the home mortgage interest deduction on their federal tax return
If you are first time homebuyer purchasing a home in South Florida or anywhere in the State of Florida you need to be speaking to us because we offer real first time homebuyer products. Not just your regualar FHA loans. The best program is the Mortgage Credit Certificate, that can get you up to a $2,000 tax credit every year. That is a tax credit, not a tax deduction, so that is cash in your pocket. We do offer down payment assistance programs too but the money typically has to be repaid and the insurance requirements will make your premiums higher.
If you are buying a home in Fort Lauderdale and South Florida you need to consider this loan whether or not the property can bought without repairs. If it needs repairs to qualify for a mortgage it is a great but it also should be considered if you want to update the kitchen, the floors, the bathrooms, etc. It is better to finance them into the loan using the banks money at these low rates than to use your own money. Leverage is good when used correctly.