Dec 13 2017 49162 1 First Time Homebuyers Program

Dated: 12/13/2017

Views: 1774

Thanks to a special loan partnership between the Housing Finance Authority of Broward County and local home mortgage lenders. 

        First time home buyers purchasing in Broward County now have a chance to own a home of their own at below-market mortgage rates.      If you are a first time home buyer looking for a manageable mortgage, the First Time Homebuyer Program may make it possible for you to buy the home you want.

 Program Features:

  • Below market fixed mortgage interest rate

  • Private Mortgage Insurance (PMI) is not required

  • Down payment is 3% of real estate contract sales price. One percent (1%) of the down payment funds must come from your own savings and cannot be borrowed or received as a gift.

  • A comprehensive Home Inspection report is required.

  • Borrower pays a $750 transaction fee to the Housing Finance Authority of Broward County.

  • You may purchase an existing home or a new construction home

  • You must owner occupy the home as your primary residence.

  • Eligible properties include single family residences, condominiums, villas and town homes located within Broward County. Mobile homes and cooperatives are not program eligible properties.

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Jay Cohn

Promoting positive community and economic growth in our neighborhood. Jay Cohn moved to south Florida in 1973 from Cleveland Ohio. Jay has a love for architecture and design which lead to real estate ....

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