Butler Mortgage has access to the Florida Bond program via the following down payment assistance programs: The Florida Assist. This site is protected by reCAPTCHA and the Google, FL Bond Program - Up to $7,500 toward Down Payment Assistance. One of the first steps in the home buying process is to consult with a mortgage lender about your financing options. In what general area would you like to live? Information on this site is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in Florida Housing Finance Corporation BOND LOAN PROGRAM LENDER GUIDE 2 TABLE OF CONTENTS Important Updates 3 Introduction to the Florida Housing Finance Corporation, eHousingPlus and … The Florida Bond program allows 1st time home buyers to acquire an FHA, USDA, VA, or Conventional loan that range from 95%-100% LTV (loan-to-value ratio). As the consumer, it's your right to freely choose who you feel most comfortable to work with. Appropriation based bonds are not secured by the pledge of any particular revenue stream but are secured by the commitment of the State to pay the debt service on the bonds, subject to annual appropriation by the Legislature. Here are your down payment options under the FL Bond program: Through the Florida Bond program, 1st time home buyers will qualify for the Florida Assist down payment assistance loan, which provides a $7,500 loan with a 30-year term, 0% interest and $0 payments as long as you occupy and do not refinance the property. THE GOAL OF THE FLORIDA BOND PROGRAM IS TO MAKE HOME OWNERSHIP IN FLORIDA MORE AFFORDABLE FOR FIRST-TIME HOME BUYERS. Are you sure you want to report this blog entry as spam? The down payment assistance money is available on a sliding scale. 1012 W. Emmett Street, Suite B Opportunity, You must sign in or register to leave a comment, Realty Executives Bayou Properties - Alexandria, LA, Normal rates with regular lenders can change every day. First Time Home Buyer hasn't owned a primary residence in past 3 years. One of the first steps in the home buying process is to consult with a mortgage lender about your financing options. on ActiveRain. FLORIDA ASSIST= Loan up to $7500, 0% down, 30 year deferred, FLORIDA HLP= Loan up to $10,000, 3% down, 15 year amortizing, FLORIDA 3% AND 4%, PLUS SECOND MORTGAGE= 0% Interest, 5 year deferred and forgiven at 20% per year. Which means that many homebuyers will be able to acquire low interest financing through the Florida Bond Program, whilst putting little to no cash down in advance. FLORIDA BOND PROGRAM. That means that many 1st time home buyers will be able to secure a low-interest home loan through the FL Bond program with little to no money down. The Division disclaims any responsibility or liability for any damages caused by viruses The maximum loan for a 2 unit property is $1,027,620. ?All loans under the FL Bond program are sold after origination to the Florida Housing Finance Corporation and are serviced by US Bank. up to $7,500; 0% interest, 2 nd mortgage; deferred for up to 30 years; may be combined with a Florida First Preferred Conventional or Government (FHA, VA, USDA) loan; 1 st time homebuyer – no ownership in past 3 years, unless … $250,000 at 4.99% = $1,340.53 (bank owned property lender), $250,000 at 4.75% = $1,304.12 (at 4.5% you would save $36 monthly and over 30 years you save $13,107.60) (traditional lenders in Key West Florida), $250,000 at 4.5% = $1,266.71 (at 4.5% you would save $73.82 and over 30 years you save $26,575.20) (. The Division of Bond Finance has not participated in the The Florida Bond program is offered through the Florida Housing Finance Corporation and is available to borrowers through certain local and approved lenders. Are you thinking you’re not getting any younger and you still can’t afford to actually buy a home? The Federal Bonding Program, sponsored by the U.S. Department of Labor, serves as a tool to secure the job placement of ex-offenders and other high-risk applicants by issuing Fidelity bonds to businesses who offer jobs to workers in "at risk" groups.These bonds are business insurance policies that protect the employer in case of any loss of money or property due to employee … We'll get you in touch with an authorized Florida Bond Program lender and get you started on your way to home ownership. If you have a credit rating of at least 620 and have not owned a home in the last three. You'll save money on the interest rate and on documentary stamps on the deed, and intangible tax on the mortgage. You'll save money on the interest rate and on documentary stamps on the deed, and intangible tax on the mortgage. No assumption should be made may be combined with the Florida Assist down payment assistance program, Get up to $30,000 in down payment assistance, Conventional, FHA, VA, USDA loans all acceptable. THE GOAL OF THE FLORIDA BOND PROGRAM IS TO MAKE HOME OWNERSHIP IN FLORIDA MORE AFFORDABLE FOR FIRST-TIME HOME BUYERS.

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