First Time Home Buyer Programs

Broward County First Time Home Buyer Programs

Did you know that First time home buyers could qualify for a down payment assistance program or other government programs on the purchase on the purchase of a house/condominium? Not everyone will qualify for some of the programs but I want to make sure that you are aware of the programs and give you the information to find out more about the programs and applying for the programs.  I will work with you throughout the home buying process and will be there for you after you purchased a home. 

There is a special loan partnership between the Housing Finance Authority of Broward County and local home mortgage lenders, first time home buyers purchasing in Broward County now have a chance to own a home of their own at below-market mortgage rates. If you are a first time home buyer looking for a manageable mortgage, the First Time Home Buyer Program may make it possible for you to buy the home you want.

Listed below are some of the Broward County Program Features:

Below market fixed mortgage interest rate

Private Mortgage Insurance (PMI) is not required

Down payment is 3% of real estate contract sales price. One percent (1%) of the down payment funds must come from your own savings and cannot be borrowed or received as a gift.

A comprehensive Home Inspection report is required.

Borrower pays a $750 transaction fee to the Housing Finance Authority of Broward County.

You may purchase an existing home or a new construction home

You must owner occupy the home as your primary residence.

Eligible properties include single family residences, condominiums, villas and town homes located within Broward County. Mobile homes and cooperatives are not program eligible properties.

 Miami Dade County First-Time Homebuyer Program

If you are looking for assistance in obtaining financing as a first-time homebuyer and you qualify under CDBG, HOME, SHIP or Surtax income guidelines, you may benefit thanks to the loan program between the Miami-Dade County Public Housing and Community Development and local home mortgage lenders. 

Homebuyers in Miami-Dade County now have a chance to own a home of their own at below-market mortgage rates. If you're a homebuyer looking for a manageable mortgage, this new program may make it possible for you to buy the home you want right now.

Public Housing and Community Development will work with you and local mortgage lenders to provide a low-interest second and/or a third mortgage (of between 0-6 percent) using the appropriate source of funds to bring your out of pocket costs to an affordable level.

Public Housing and Community Development invites low- and moderate-income persons who are first-time homebuyers to apply for a mortgage loan subsidy through the County's loan program. Program participation is limited to one time only per family. A maximum 30-year fixed-interest mortgage is available for persons who qualify. You will also be required to obtain a first mortgage from an approved participating lender.

Shari Lynn Hurtado P.A.

Douglas Elliman