Wednesday, October 10, 2012
FIRST TIME HOMEBUYER PROGRAM 4.00%
There is a new 4% CASH GRANT paying up to 6,000 toward downpayment and closing cost assistance. Includes Escambia and Santa Rosa Counties. WHO QUALIFIES?
Borrowers must be first time home-buyers who have not had a present ownership in their principal residence during the past three years.
Borrowers must meet normal mortgage requirements to demonstrate credit worthiness.
Borrowers must have a minimum 640 FICO score to participate.
Borrowers must occupy the purchased home as their principal residence.
Qualified Veterans or homebuyers purchasing a property in a designated targated area do not need to be first-time homebuyers.
Household income may not exceed the following limits within Escambia County
MAXIMUM INCOME LIMITS
FAMILY OF 1-2 71,040
FAMILY OF 3 OR MORE 82,880
Log on here to watach a short youtube videow about this program and search for homes. Call me today and lets get started finding you a great home. There is never a charge for my services.
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