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.
Being that I am Mortgage Banker that happens to be a Young Professional, I tend to work with a lot of First Time Home Buyers, Millennial’s & Young Professionals. One of the questions that I am constantly asked is “How long after graduation do I need to wait until I can purchase my first home?” or some people tell me that they know that they “Cannot purchase a home because they started their first job only a few months ago”.
Very often people will give themselves self-proclaimed titles that they didn’t earn. We don’t do that! We are experts and received the Gold Award as company and the Platinum Award as individuals from Florida Housing for the amount of first-time homebuyer programs we have originated in the State of Florida.