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EP #4: Florida First-time Home Buyer Program - Pt. 2
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Did you know the average homeowner has 40 times the net worth of a renter? Are you a Florida resident and a first time homebuyer looking to get into the market? If so, this episode is for you! The Florida Housing and Finance Corp. has released $100 million dollars to help first time home buyers buy locally. The repayment second mortgage option is:
- Interest free for up to 30 yrs with no payments
- No need to repay unless you sell, refinance, transfer or rent out the property.
- Up for 5% of the loan amount to a maximum of $35,000 available
- Qualified buyers must work 35 hrs per week for a Florida based company
- Fully income qualified only
- Lower than market rates on FHA, VA, RD, Fannie and Freddie Mac
- No origination fees or discount points
- Funds are limited to first come first serve so connect today!
For more details and to see if you qualify call Melanie McLister today at 239-539-8077 or email at melanie@hulifinancial.com
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