Florida offers up to $35,000 to first-time homebuyers
Florida offers up to $35,000 to first-time homebuyers. The state of Florida has expanded a program that grants first-time homebuyers between $10,000 and $35,000 to use towards the down payment and closing costs of their mortgage loan.
If you are considering buying a home, this could be your great opportunity. Under the new law, to qualify for the Hometown Heroes program, among other requirements, you must have been a Florida resident for the last 12 months, work for a company anchored in the state, have a contract for at least 35 hours per week, receive payment through W-2, not have owned another property in the last three years, and have a credit score of at least 640 points.
This program was originally created for police officers, firefighters, nurses, and doctors but is now open to any employee in Florida.
Remember that if you are going to buy a property, it is smart to involve a Univista Insurance agent from the beginning. You might wonder, why?
It’s straightforward; mortgage banks – who provide the money – will require you to have a homeowner’s insurance policy as a prerequisite for closing the mortgage. In the current circumstances, as insurance companies in Florida have become more demanding, it’s best to have an insurance agent by your side, advising you when you are making the decision to choose a home. A detail that you overlook may disqualify you or make it difficult to find insurance before the closing date, complicating your purchasing process. Florida offers up to $35,000 to first-time homebuyers.