Aug 23, 2009

Orlando will loan you money to buy a house

Are you interested in buying a home in Orlando and are a first time homebuyer? Are you short on cash needed for closing cost and down payment money? If you are buying a home with the Orlando city limits, you may qualify for a loan up to $8,000 to be used towards buying a house.

This loan is part of the Florida Homebuyer Opportunity Program. The loan is for 10% of the purchase price of the home up to $8,000. The borrower is expected to pay the loan back once they have received their federal first time homebuyer tax credit.

Additional details include:

  • Buyer must not have owned a home 3 years prior to this purchase
  • You must have $1,000 of your own money to use for down payment and closing costs required to buy a house
  • Credit score of 620 or above
  • Income limits of $75,000 for single, $150,000 for joint applicants
  • Buyer must attend one on one counseling session and education seminar

To receive complete details and be connected to a qualified to lender and REALTOR to assist you with the program contact or call me at 407-304-0255.

Source

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