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Answers (5)
- Joshua A. Lerette, "Joshua A. Lerette"
- Contributions:101
Hello fdoglet,
Please don't listen to the bitter oldskoolballr. He/she is not even in the industry and must have been burned by his/her own mistakes, and has nothing better to do with their time but to discourage others to do what they SHOULD be doing, and thats taking advantage of a down market.
The facts don't lie. Home affordability is higher than ever, their are available tax credits and some of the lowest interest rates ever recorded for home loans. There may never be a better time to buy a home than right now. As Velilla said before, the seller can pay up to 6% of the purchase price towards your closing cost and this should take care of all your closing cost. Your only contribution may be the 3.5% down payment required by HUD/FHA.
There are even programs available to first time home buyers to take care of the 3.5% down payment. I see you are in Dunedin and the program that can take care of your down payment in Pinellas County would be the Tampa Bay CDC. You will have to qualify but without more information there is no way to see if you may or may not qualify.
[content removed by moderator for being self promotional]
Please don't listen to the bitter oldskoolballr. He/she is not even in the industry and must have been burned by his/her own mistakes, and has nothing better to do with their time but to discourage others to do what they SHOULD be doing, and thats taking advantage of a down market.
The facts don't lie. Home affordability is higher than ever, their are available tax credits and some of the lowest interest rates ever recorded for home loans. There may never be a better time to buy a home than right now. As Velilla said before, the seller can pay up to 6% of the purchase price towards your closing cost and this should take care of all your closing cost. Your only contribution may be the 3.5% down payment required by HUD/FHA.
There are even programs available to first time home buyers to take care of the 3.5% down payment. I see you are in Dunedin and the program that can take care of your down payment in Pinellas County would be the Tampa Bay CDC. You will have to qualify but without more information there is no way to see if you may or may not qualify.
[content removed by moderator for being self promotional]
- oldskoolballr
- Contributions:158
The only break is you get to buy an overpriced home in a continually declining market.
- Velilla Maureen, "MaureenVelilla"
- Contributions:29
LOL...Large mug of espresso AND excitement!!!!!!!!!!!!!!!!!!! ;)
- Nic Netherton, "Colorado Lender"
- Contributions:7219
That's a whole lot of exclamation marks....Couple red bulls this morning or just excited about the 3%?
- Velilla Maureen, "MaureenVelilla"
- Contributions:29
With FHA you put down 3.5% on your loan (that's your commitment to the loan). Then your Agent might be able to get the seller to pay up to 6% on your closing costs and pre-paids. On top of that... speak with your bank about getting a 10% closing cost assistance loan w/ a zero interest pay back! Not to mention the $8,000 tax refund, that you don't have to pay back!
You have LOTS of options! A first time home buyer is craaaaazy to not buy now, if they can.
Call me if you need any assistance!
You have LOTS of options! A first time home buyer is craaaaazy to not buy now, if they can.
Call me if you need any assistance!
Is there a break for Florida first time home buyers regarding closing costs or mortgage?
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