First Time Home Buyer Programs (FTHB)

 First Time Home buyer Programs are designed to make purchasing a home more affordable for low-to-moderate income families and individuals by offering fixed, low-interest rate mortgage loans.

In addition, Florida Housing also offers down payment and closing costs assistance to eligible borrowers, which can greatly reduce the out of pocket expense to the buyer.  Here is a list of different home buyer programs you will want to familiarize yourself with:

  • First-Time Home Buyer Credit - Eligibility varies depending upon the year of your purchase. This credit reduces your tax bill or increases your refund depending on the tax you owe. The IRS refunds the credit, even if you owe no tax or the credit is more than the tax owed.
  • First Time Homebuyer Program -  Offers 30-year fixed interest rate mortgage loans to first time homebuyers through its network of participating lenders and lending institutions
  • Florida First – 30-year, fixed-rate first mortgage is available to all borrowers who satisfy credit requirements and First Time Homebuyer Program income and purchase price requirements. Borrowers who qualify for this first mortgage program will automatically qualify for one of Florida Housing’s down payment assistance programs.
  • Military Heroes - 30-year, fixed-rate first mortgage is available to veterans and active duty military personnel who satisfy credit requirements and First Time Homebuyer Program income and purchase price requirements.  Borrowers who qualify for this first mortgage program will automatically qualify for one of Florida Housing’s down payment assistance programs Florida


 Government Loan Programs

  • Loan Programs such as FHA require a minimum 620 credit score and Veteran Loans require no down payment.
  • Dream Makers Program – get a $5,000 grant if you are in the military.
  • FHA - minimum credit score 620 – 640 range 
  • HUD Home Loan Program -FHA loan for HUD owned homes or FHA foreclosure
  • Kiddie Condo-(parents) can co-sign for son or daughter without occupying property

Streamline 203k Renovation loan – Repairs and home improvements may be added into the mortgage to repair a home; great for foreclosures, short sales and fixer uppers. For contractors please visit: www.ContractorConnection.com/REMAX