first time homebuyer (fthb) program

FIRST TIME HOMEBUYER PROGRAMS offered by Florida Housing are as follows: 4Florida First: This program offers a low 30-year fixed-rate first mortgage to all borrowers who meet program guidelines and qualify for a loan. Borrowers who qualify for this first mortgage product are automatically qualified for one of Florida Housing’s down payment assistance programs. 4Military Heroes: This 30-year first mortgage loan program is designed to help both veterans and active duty military personnel with obtaining affordable housing. Florida Housing may offer a pool for these loans at a lower interest rate for the purpose of assisting this special target group. This loan product may be used with one of Florida Housing’s down payment and closing cost assistance second mortgages. Veterans need not be first time homebuyers in order to qualify. DOWN PAYMENT ASSISTANCE PROGRAMS offered by Florida Housing are as follows: 4Florida Assist: Offers lower-income borrowers up to $7,500 to assist with down payment and closing costs. This is a deferred second mortgage with no payments and 0% interest that is repaid when the borrower sells or refinances the home, or at the end of the term of their first mortgage. 4Homeownership Assistance for Moderate Income Loan (HAMI): Offers borrowers up to $5,000 to assist with down payment and closing costs. This is a low fixed-rate second mortgage that is repaid over 10 years. Contact a Participating Lender in Your Area Florida Housing’s FTHB program is accessible through a network of participating lenders around the state. A searchable list of participating lenders is available online by visiting www.floridahousing.org, then selecting the First Time Homebuyer Wizard. For more information on Florida Housing’s Homeownership programs, call toll-free 1-(800) 814-HOME or visit our Web site at www.floridahousing.org. FIRST TIME HOMEBUYER (FTHB) PROGRAM Florida Housing’s First Time Homebuyer Program offers low fixed-rate 30-year first mortgage programs for first time homebuyers (some exceptions exist) with qualified income and purchase price limits for the county where they are purchasing a home. There also are down payment assistance programs that can be used with the first mortgage products. 227 North Bronough Street, Suite 5000 Tallahassee, Florida 32301 850-488-4197 Fax 850-922-7253 www.floridahousing.org we make housing affordable™

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Page 1: FIRST TIME HOMEBUYER (FTHB) PROGRAM

FIRST TIME HOMEBUYER PROGRAMS offered by Florida Housing are as follows:4Florida First: This program offers a low 30-year fixed-rate first mortgage to all borrowers who meet program guidelines and qualify for a loan. Borrowers who qualify for this first mortgage product are automatically qualified for one of Florida Housing’s down payment assistance programs.

4Military Heroes: This 30-year first mortgage loan program is designed to help both veterans and active duty military personnel with obtaining affordable housing. Florida Housing may offer a pool for these loans at a lower interest rate for the purpose of assisting this special target group. This loan product may be used with one of Florida Housing’s down payment and closing cost assistance second mortgages. Veterans need not be first time homebuyers in order to qualify.

DOWN PAYMENT ASSISTANCE PROGRAMS offered by Florida Housing are as follows:4Florida Assist: Offers lower-income borrowers up to $7,500 to assist with down payment and closing costs. This is a deferred second mortgage with no payments and 0% interest that is repaid when the borrower sells or refinances the home, or at the end of the term of their first mortgage.

4Homeownership Assistance for Moderate Income Loan (HAMI): Offers borrowers up to $5,000 to assist with down payment and closing costs. This is a low fixed-rate second mortgage that is repaid over 10 years.

Contact a Participating Lender in Your AreaFlorida Housing’s FTHB program is accessible through a network of participating lenders around the state. A searchable list of participating lenders is available online by visiting www.floridahousing.org, then selecting the First Time Homebuyer Wizard.

For more information on Florida Housing’s Homeownership programs, call toll-free 1-(800) 814-HOME or visit our Web site atwww.floridahousing.org.

FIRST TIME HOMEBUYER (FTHB) PROGRAMFlorida Housing’s First Time Homebuyer Program offers low fixed-rate

30-year first mortgage programs for first time homebuyers (some exceptions exist)

with qualified income and purchase price limits for the county where

they are purchasing a home. There also are down payment

assistance programs that can be used

with the first mortgage products.

227 North Bronough Street, Suite 5000 Tallahassee, Florida 32301 850-488-4197 Fax 850-922-7253 www.floridahousing.org

we make housing affordable™

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