TALLAHASSEE, Fla. – April 25, 2014 – Homebuyers still have access to down payment assistance grants, interest-free second mortgages and other special home loan programs, provided they have decent credit and documented income.However, many borrowers don't realize that home buying aid isn't reserved for just low-income individuals, and money available through state and local housing agencies often goes unused.Some down payment assistance programs "are for working people who make a decent income but don't have enough to save for a down payment," says loan specialist Deborah Holloway of Melbourne, Fla.-based Shelter Mortgage Co.Some buyers qualify for down payment assistance even though they earn upwards of 120 percent to 140 percent of the median area income. Buyers should check the websites of the housing authority in their state for a list of programs and participating lenders.Meanwhile, some lenders – like TD Bank Group – have created their own loan initiatives for first-time buyers with low down payments, and buyers also have access to Fannie Mae's HomePath program, which requires only 5 percent down.A first step for Floridians checking to see if help is out there: The Florida Housing Finance Corporation. It's the state window for funneling money from federal and state programs into the hands of prospective homeowners.Source: Bankrate.com (04/22/14) da Costa, Polyana
Author:Kathy Toonder Phone: 941-544-7270 Dated: April 25th 2014 Views: 7,050 About Kathy: I enjoy walking the warm sandy beaches, swimming and watching the magnificent sunsets on Florida’s...
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I enjoy walking the warm sandy beaches, swimming and watching the magnificent sunsets on Florida’s Gulf Coast. Thirty years ago I came from Michigan to the Sarasota area to enjoy the beaches of the Sunshine State. The “Beach Communities” Longboat Key, Lido Key, Siesta Key and Casey Key are what draw everyone to make Sarasota their home!
Sarasota the “Cultural Capital” of Florida attracts homeowners that want more than just a beach experience. Sarasota and Manatee communities with the growth of new housing maintain their elegant but laid back style. It is a great place to make it your home to be able to enjoy lush natural environment and the amenities of a modern city.
I became a home owne r in Lakewood Ranch an award winning 17,500 acre site that provides a beautiful master planned, maintained and golf community. Get the picture: blue waters, white sand, plenty of sun, blue skies, fabulous food, casual outdoor dining, amazing fishing, play golf, boat races, music and art festivals….
My focus is to best understand the goals and visions of my clients, ensuring all decisions are made with a wealth of information and the necessary tools for a successful, rewarding experience.
I have found my “Slice of Heaven” I look forward to you finding yours!