The Florida Bond Program Helps First Time Homebuyers

Right now qualified first time home buyers can take advantage of arguably one of the best programs available to assist an applicant in securing a home loan.  This program uses income and purchase price limits to determine  eligibility for the borrower which works great to create some help for those finding it difficult to save all of the money for their down payment and closing costs.  As this program does not last long we wanted to go the extra mile to break down the steps and some of the criteria involved with investigating this incredible program to help people take advantage of this opportunity now.  This is exactly the type of program that many agents and certainly too many homeowners just never become made aware of.  In the end, its best to consult with us directly and allow us make sure that your lender is not only aware of this program, but also knows how to help see if you qualify.  These are the types of programs that can help individuals and couples stop renting and almost immediately begin enjoying the satisfaction of homeownership.  So read through these steps and contact us today see if this is the right program for you!

John Bade discusses the Florida Bond Program and how it can help you.

Criteria to Qualify and Program Details

•Florida Housing’s First Time Homebuyer Program A.K.A. the Florida Bond Program offers 30-year fixed rate “first mortgage” loans to first time homebuyers, providing them with a $15,000 “second mortgage” to assist with down payment and closing costs.
•This “second mortgage” drops off at a rate of 20% per year and is forgiven in year 5.
•The borrowers have to meet basic loan qualification standards which your lenders can explain.
•The borrowers will have to complete a homebuyer education class. Homebuyer counseling addresses vital information such as money management, spending and savings plans,
•Also called The Florida Down Payment Assistance Program, allows a first time home buyer to buy a new primary residence with as little as $1,000 down payment
•The Florida Bond Program will provide down payment assistance to “cover” whatever is required over and above the initial $1,000 down payment.
•A First Time Home Buyer is defined as someone who has not owned a home in over three years. Even if you’ve owned a home before, but haven’t in the last three years, you still are eligible qualify under this program.

Contact John and Cathy Bade with the Bade Team today to learn more! $15,000 in cash could be available to you today!

John BadeCathy Bade
john_bade@hotmail.comcathybade@hotmail.com
(904)294-3213(904)226-6278

375 Atlantic Boulevard
Atlantic Beach, FL 32233
Berkshire Hathaway HomeServices
Florida Network Realty

 

John & Cathy Bade

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Jacksonville Based Realtors Helping Children Goes National

Every Year the Agents at Berkshire Hathaway Homeservices In Jacksonville Florida gives back to the community by Collecting funds for backpacks for children in need to get them started for their school year.

We believe that all children need the right tools to succeed, so we took it to another level this year using social media, And a gofundme account and we were able to almost double the amount of backpacks that we collected over last year. we also caught the eye of a minister in Brooklyn park Minnesota from the Global rescue ministries  who is also collecting backpacks for children in need as well on August 15th, 2015 called Operation rescue.

First Steps to Buying a Home

With home purchases on the rise, the first step is to be pre-Qualified with a lender. Just the other day I was sitting with a client who was getting pre-Qualified and he found out that someone was using his credit and opening up different accounts. Checking your credit score on a yearly basis is not only a smart thing but also a safe thing to do. You can go to Credit Karma and get a free credit report to make sure that no one has assumed your hard earned credit. If your credit has been compromised then you can dispute it and get the negative items removed so that you are not blindsided when you can’t qualify for home purchase.