First Time Home Buyer Down Payment Assistance


 

1st time home-buyers may 

qualify for assistance

 

$7,500      $10,000       

               Broward                   Palm Beach                        

Broward County Down Payment Assistance - $7,500

Own a home opportunity - Grant Program

*All funds are provided in the form of a grant.

*5% grant has a minimum credit score requirement of 660.

* 4% Grant has a minimum score requirement of 640. 

Must use FHA financing. Household income limit is $98,100.00

 

Palm Beach County Down Payment Assistance - $10,000

Own a home opportunity - Grant Program

*All funds are provided in the form of a grant.

*5% grant has a minimum credit score requirement of 660. 

 *4% Grant has a minimum score requirement of 640. 

*Must use FHA financing.

*Household income limit is $98,100.00

 

Own a home opportunity - Loan Program

 

Down payment and closing cost assistance is in the form of a second mortgage

*Up to $10,000 in down payment assistance

*660 minimum credit score requirement

*Must use FHA financing

 

Maximum income limit for homes in Non-Targeted areas

for households of 1-2 persons is $72,544

 

Maximum income limit for in homes noN-Targted  areas

for households of 3+ persons is $83,426.00

 

 

 

FHA LOAN PROGRAMS:

( Must use FHA for Down Payment Assistance)

*96.5% LTV, 640 credit score, 56% DTI

*Full down payment as a gift from family member permitted.

*Non-Occupying Co-Borrower permitted for qualifying.

 *No foreclosures or bankruptcies in last 3 years

 *Up to 6% Seller paid closing costs are permitted.

*New maximum FHA loan amount to $345,000.00 for:

(Miami- Dade/Broward/Palm Beach Counties)

 

For more details please contact me:

John D Fortino

Access USA Realty

Goldstar Financial Mortgage Services

NMLS # 1639063

 

954-822-2958 

Southflarealtor@gmail.com

www.1percentlistings.us