Compare Listings

Florida Has Many Programs to Help First-Time Homebuyers

ORLANDO, Fla. – Jan. 29, 2019 – U.S. News & World Report issued an extensive overview of programs in Florida that can help first-time homebuyers secure their first house – and in some cases, they don’t even need to be first-timers. A few programs consider anyone who has not owned a home within the past three years a first-timer.

There are three broad categories of aid for first-time buyers: home loan programs, some type of financial help to allow them to take out a mortgage, and buyer education programs that can teach them the basics of homeownership and help them understand the other aid packages available.

Many buyers and industry experts understand the national programs that can help first-timers – Federal Housing Administration (FHA) loans, Veteran Affairs (VA) loans and other programs – but the state also has the Florida Housing Finance Corporation (Florida Housing) that the Florida Legislature created to help provide affordable housing options statewide.

“Florida Housing’s programs provide assistance to eligible homebuyers by offering low-cost, 30-year, fixed-rate mortgages together with downpayment and closing cost assistance,” according to Taylore Maxey, press secretary for Florida Housing.

For an overview of first-time buyer options, read the full article in U.S. News & World Report.

©Florida Realtors® 
Reprinted with permission Florida Realtors. All rights reserved.

img

Allen Thompson

Related posts

Homeowners Don’t Sell as Inventory Declines

From Florida Realtors Study: Thanks in part to low recession-era mortgage rates and seniors’...

Continue reading
by Allen Thompson

Florida Housing Market: Median Prices & Pending Inventory Up in August

August’s statewide single-family home median price up 4.2% to $265K, sales up 3.2%...

Continue reading
by Allen Thompson

Report: Inventory and List Prices Drop Unexpectedly

From realtor.com According to realtor.com, its total number of listings declined 1.8%...

Continue reading
by Allen Thompson

Join The Discussion