Great Information On FloridaDownPaymentAssistancecom

Dated: 02/11/2019

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FloridaDownPaymentAssistance.com
2019 First Time Home Buyer Programs
as of January 20, 2019

Compare the top down payment assistance programs and first time home buyer programs available in Florida.We offer this information free to you as a service to our local community.These Down Payment and Closing Cost Assistance programs can only be provided by Lenders who have been approved by the appropriate and specific Lenders and Institutional Investors.If you would like to learn more about which Realtors and Lenders are qualified, or if you would like to be pre-approved for any of these programs, please feel free to contact us.It's a QUICK and FREE process.

Quick & Easy : Click Here to select up to $15,000 for down payment assistance

Many of these programs are available throughout the entire State of Florida. This website is sponsored by Mid Florida Realty, your down payment assistance experts.

Pinellas, Hillsborough, Manatee, Polk, Pasco, Orange, Osceola, Seminole, Lake, Hernando, Volusia, Clay, Duval, Flagler, Nassau, St Johns, Sarasota, Lee, Collier, Charlotte, St Lucie, Palm Beach, Broward, Miami-Dade counties.
Please call 863-800-1011.


2019 - 100% Financing available for First Responders Nurses, Military (Active & Inactive), Police Officers, EMT's, and Firefighters in the following Counties: Collier, Lee, Charlotte, Desoto, Sarasota, Manatee, Hillsborough, Pinellas, Polk, Pasco, Hernando, Seminole, Orange, Osceola, Duval, Lake, Clay, St Johns, Volusia, St Lucie, Palm Beach counties.

  • 30-year first mortgage loans. Either 10 year, 15 year, 20 year, or 30 year fixed rate or 7/1 , 3/3 Adjustable Rate mortgages (No Balloon Payment necessary, 30 year amortization schedule even on adjustable rate mortgages.)

  • The program is offered to all Nurses, (RN, LPN, APN, NP, MSN, BSN), Firemen, EMT's, Police and all current and Veteran Military personnel who have been Honorably Discharged from the Military and who meet income, purchase price and other program guidelines and can qualify for the mortgage loan.

  • No First Time Home Buyer requirement and No Buyers Education Classes required.

  • Finance 100% of the purchase price.

  • Buyer must have at least $1000 for Closing Costs in the transaction. The Earnest Money can be used for the $1000 requirement.

  • Gift Funds allowed for Closing Costs.

  • This program allows for higher borrower income limits.

  • This program can only used in 21 approved Florida Counties.

  • Credit scores generally a minimum of 680 middle FICO score and above, some exceptions may be possible depending on particular compensating circumstances.

  • Maximum LTV 100% up to a $250,000 loan. Homes that cost more than $250,000 would require the difference to be paid in cash at Settlement or 97% LTV up to a $300,000 mortgage loan.

  • No cash back at closing.

  • No First Time Home Buyer requirement and No Buyers Education Classes required.

  • 1 unit only - Single Family Residence, Townhouses and some Condos possible.

  • No household income limitation- Only Applicant(s) income for qualification purposes.

  • NO mortgage insurance for Borrower with this Conventional style program.

  • Seller contribution 3% maximum towards Buyers closing costs.

  • Purchase only, no construction to permanent loans - no investment properties.

  • Owner Occupants only-No Investors.

  • Cannot own any FINANCED real estate at the time of application.

  • up to a $3000 Lender Credit available on certain versions for Closing Costs.

  • Good verifiable work history required.

  • No cash back at closing.

2019 - 100% Financing available for Teachers and all State and County School System Employees in the following Counties: Orange, Seminole, Osceola, Palm Beach, Lake, St. Lucie, Clay, Duval, Volusia, Collier, Lee, Charlotte, Hillsborough, Desoto, Manatee, Sarasota, Polk, Pinellas, Hernando St Johns, and Pasco Counties.

  • 30-year first mortgage loans. Either 10 year, 15 year, 20 year, or 30 year fixed rate or 7/1 , 3/3 Adjustable Rate mortgages (No Balloon Payment necessary, 30 year amortization schedule even on adjustable rate mortgages.)

  • The program is offered to all County, City, Municipal and State of Florida school employees from Principle to Custodian and who meet borrowers who meet income, purchase price and other program guidelines and can qualify for a mortgage loan.

  • Finance 100% of the purchase price.

  • Possibly qualify for $3000 Lender credit in closing cost assistance depending on loan version.

  • This program allows for higher borrower income limits.

  • This program can only used in the 21 approved Florida Counties.

  • Maximum LTV 100% up to a $250,000 loan. Homes that cost more than $250,000 would require the difference to be paid in cash or 97% LTV up to a $300,000 mortgage loan.

  • 1 unit only - Single Family Residence, Townhouses & some Condos possible.

  • No household income limitation- Only Applicant income for qualification purposes.

  • NO mortgage insurance for Borrower with this Conventional type program.

  • Seller contribution 3% maximum towards Buyers closing costs.

  • Purchase only, no construction to permanent loans - no investment properties.

  • Owner Occupants only-No Investors.

  • Cannot own any FINANCED real estate at the time of application.

  • Good verifiable work history required.

  • No First Time Home Buyer requirement and No Buyers Education Classes required.

  • Gift Funds allowed.

  • Buyer must have at least $1000 for Closing Costs in the transaction. The Earnest Money can be used for the $1000 requirement.

  • No cash back at closing.

2019 Conventional Preferred Plus Down Payment Assistance mortgage grant

  • 2019 TBA Income & Purchase LimitsAcquisition/All HouseholdCountyPurchase Price LimitSizesAlachua$99,820$386,941Baker$87,500$331,423Bay$88,480$331,423Bradford$87,500$331,423Brevard$90,720$331,423Broward$113,120$388,235Calhoun$87,500$331,423Charlotte$87,500$331,423Citrus$87,500$331,423Clay$97,860$386,941Collier$105,000$507,293Columbia$87,500$331,423De Soto$87,500$331,423Dixie$87,500$331,423Duval$97,860$386,941Escambia$91,280$331,423Flagler$87,500$331,423Franklin$87,500$331,423Gadsden$94,360$331,423Gilchrist$99,820$331,423Glades$87,500$331,423Gulf$87,500$331,423Hamilton$87,500$331,423Hardee$87,500$331,423Hendry$87,500$331,423Hernando$89,460$331,423Highlands$87,500$331,423Hillsborough$89,460$331,423Holmes$87,500$331,423Indian River$90,440$331,423Jackson$87,500$331,423Jefferson$94,360$331,423Lafayette$87,500$331,423Lake$89,460$331,423CountyAll HouseholdAcquisition/SizesPurchase Price LimitLee$89,180$331,423Leon$94,360$331,423Levy$87,500$331,423Liberty$87,500$331,423Madison$87,500$336,470Manatee$98,420$331,423Marion$87,500$331,423Martin$87,500$355,881Miami-Dade$110,180$388,235Monroe$123,480$595,293Nassau$97,860$386,941Okaloosa$91,980$399,881Okeechobee$87,500$331,423Orange$89,460$331,423Osceola$89,460$331,423Palm Beach$107,660$388,235Pasco$89,460$331,423Pinellas$89,460$331,423Polk$87,500$331,423Putnam$87,500$331,423Santa Rosa$91,280$331,423Sarasota$98,420$336,470Seminole$89,460$331,423St. Johns$97,860$386,941St. Lucie$87,500$355,881Sumter$93,520$331,423Suwanee$87,500$331,423Taylor$87,500$331,423Union$87,500$331,423Volusia$87,500$331,423Wakulla$87,500$331,423Walton$87,500$399,881Washington$87,500$331,423

  • 30-year, fixed-rate first mortgage loans originated by trained and approved lenders throughout the State of Florida. The program is offered to all borrowers who meet income, purchase price and other program guidelines, and can otherwise qualify for a loan.

  • First Time Home Buyer hasn't owned a primary residence in past 3 years.

  • 3% or 4% grant of the purchase price is in the form of a forgivable grant at Closing that does not require repayment by the borrower. This down payment assistance grant is forgiven at closing.(http://floridadownpaymentassistance.com/) This can be used for down payment, Buyers mortgage closing costs, or can also be used to "split pay" mortgage insurance premium to lower mortgage insurance cost or pay mortgage insurance completely off.

  • This program allows for much higher borrower income limits.

  • This program can be used anywhere in the State of Florida.

  • Last 3 years Federal Tax Returns required.>

  • Intangibles Tax and Doc stamps are still exempt under this program.>

  • Maximum LTV 97%- 105% CLTV

  • No cash back at closing, any excess funds will be used to pay down first mortgage.

  • 1 unit only - Single Family Residence, Townhouses. Approved Condos by USB with 95% LTV or below.

  • Household income limitation if both people are on the loan - However, 1003 Applicant income is below the HUD Median Income of 140% for county, the non-borrowing persons income will not be used for qualification or household income limitation. 1003 Income to be used for qualification ONLY

  • 49.99% debt to income ratio or less or whatever Automated Underwriting will approve.

  • Lower mortgage insurance rates for Borrower with this Conventional loan/grant program.

  • Mortgage Insurance rates could be reduced or even paid off at Closing.

  • Maximum Seller contribution 3% maximum towards Buyers closing costs.

  • Purchase only, no construction to permanent loans - no investment properties.

  • Purchase price limits determined by HUD county median income limits. See county Income Limits above.

  • Owner Occupants only-No Investors.

  • Lender Credit not available.

  • 2 hour Buyer education required or any HUD approved agency (online or in-person) or approved 1 hour mortgage insurance education class from MGIC or Genworth

  • Florida e-housing fee's $225 compliance fee + $300 US Bank funding fee + $85 tax service fee at closing to be deducted from the 3% or 4% Grant.

  • Fannie Mae (FNMA) guidelines apply.

  • Mortgage Credit Certificate allowed.

  • Co-Signers not permitted.


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Gina Vazquez

My name Yadira “Gina” Vazquez also known as JerzyGna and I’m a Florida REALTOR®, my office is located at 264 Central Ave Winter Haven, FL. I hold a Community Association Manager (CAM) License a....

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