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The Florida Hometown Heroes Housing Program

Debra Cooley-Guy — Thu, 23 Feb 2023 18:10:31 +0000

The Florida Hometown Heroes Housing Program through the Florida Housing Finance Corporation helps make homeownership more affordable for eligible front-line workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans.

The program provides down payment and closing cost assistance to first-time, income-qualified homebuyers in an eligible occupation to assist them in the purchase of a primary residence.

WHAT IS IT?

Florida Hometown Heroes allows borrowers to receive up to 5% of the loan amount (capped at $25,000) in down payment and closing cost assistance
- Can be paired with additional assistance programs to maximize the amount of received assistance
Down payment and closing cost assistance is available in the form of a 0% interest, non-amortizing,
30-year repayable second mortgage. This second mortgage becomes due and payable in full upon the sale of the property, refinancing of the first mortgage, transfer of a deed, or if the homeowner no longer occupies the property as their primary residence. The Florida Hometown Heroes loan is not forgivable.
The down payment and closing cost assistance can be used to satisfy the following:
- Borrower’s down payment
- Any down payment exceeding the minimum borrower requirement
- Reasonable and customary closing cost.

30-year repayable second mortgage. This second mortgage becomes due and payable in full upon the sale of the property, refinancing of the first mortgage, transfer of deed, or if the homeowner no longer occupies the property as their primary residence. The Florida Hometown Heroes loan is not forgivable.

The down payment and closing cost assistance can be used to satisfy the following:
- Borrower’s down payment
- Any down payment exceeding the minimum borrower requirement
- Reasonable and customary closing costs

Florida’s Hometown Heroes program is a state-wide initiative that recognizes and celebrates the exceptional work of first responders, law enforcement officers, and other essential workers who have gone above and beyond their call of duty to serve their communities. These individuals have displayed courage, dedication, and selflessness in their respective fields and have made a significant impact on the lives of the people they serve.

The program was launched in 2020 by Governor Ron DeSantis in response to the COVID-19 pandemic. The governor recognized that essential workers were risking their lives to keep Floridians safe and healthy, and he wanted to show his appreciation and support for their efforts.

This is exciting news for Hometown Heros in Florida call Debbie Cooley Guy with Innovative Mortgage for more information

727-688-2851 or email Debbie@debbieCooleyMortgage.co

Debbie Cooley Mortgage | NMLS #836635

Debbie Cooley Guy, Loan Originator NMLS #210817

Equal Housing Lender

The post The Florida Hometown Heroes Housing Program first appeared on Debbie Cooley Mortgage.

THINKING ABOUT A REVERSE MORTGAGE?

Debra Cooley-Guy — Fri, 20 Jan 2023 17:59:06 +0000

GET A REVIEW OF ANY DOCUMENTS YOU MAY HAVE ALREADY RECEIVED

Reverse mortgages can be a confusing process, especially for senior citizens who may be unfamiliar with the paperwork involved. If you are struggling to understand your reverse mortgage documents or are not receiving the level of service you deserve, Debbie Cooley Mortgage is here to help.

Why Choose Debbie Cooley Mortgage for Reverse Mortgage Paperwork Reviews

Experienced professional: Debbie has been in the industry for years and has the knowledge and expertise to guide you through the process.
Personalized service: Debbie offers free reverse mortgage reviews and will take the time to understand your unique financial situation.
Comprehensive review: Debbie will review every aspect of your reverse mortgage documents, including the margin of the loan, the value of your home, and any closing costs or fees.

How Debbie Cooley Mortgage Can Help With Reverse Mortgage Paperwork

Margin of the loan: The margin is the amount added to the index rate, which determines the interest rate on your loan. Debbie will make sure that the margin on your loan is in line with the current market, helping you to save money on monthly payments and overall loan costs.
Value of your home: Many people rely on the tax value of their home to determine its worth, but this is not always the most accurate measure. Debbie uses various techniques to determine the actual value of your home, ensuring that you are getting a fair deal.
Closing costs and fees: Debbie will carefully review any closing costs or fees associated with your reverse mortgage, ensuring that you are not being overcharged.
Increasing your line of credit: Debbie will explore ways to increase your line of credit, if possible, providing you with additional financial flexibility.

Conclusion:

Don’t let confusing paperwork stand in the way of your financial security. Contact Debbie Cooley Mortgage today at 727-688-2851 to schedule a free reverse mortgage review and get the help you need.

The post THINKING ABOUT A REVERSE MORTGAGE? first appeared on Debbie Cooley Mortgage.

WHICH HOMEOWNERS INSURANCE IS THE CHEAPEST?

Debra Cooley-Guy — Mon, 31 Oct 2022 17:02:12 +0000

What you need to know about insurance brokers.

If you’re looking for home insurance, it’s important to get the right coverage for your needs.

Think About Your Home Owners Coverage

The cheapest insurance isn’t always the best deal, so it’s important to review all of your options. You could end up paying more than necessary in order to get the protection you need.

Shop Around For Homeowners Insurance

If you’re looking for an affordable home insurance policy, it’s best to shop around and compare rates from multiple insurers before making a decision. A few tips can help you find the best coverage at a price that works for your budget:

Choose an insurer with a good track record. Choose an insurer with a proven track record of providing quality service and customer satisfaction. This will help ensure that you’ll be able to resolve any issues that arise quickly and efficiently.

Ways To Save On Insurance With Discounts

Look into discounts and savings opportunities. Some insurers offer discounts if you have multiple policies with them or if you have certain types of alarms installed at your house. Others may provide special savings if they find out that there are no fires or floods in the area where your house is located, which can help lower overall premiums.

Don’t skimp on coverage just because it’s cheap. If something goes wrong with your home insurance policy — such as damage caused by flooding.

Is home owners insurance really the problem or is being about to afford the increase we all know is coming???

If you are over the age of 62 and own your home or even with a mortgage on your home, you may be able to increase your income to help afford the increase.

Afford The Right Coverage With A Reverse Mortgage

You have the option of taking out a reverse mortgage.

What is a reverse mortgage you ask?

This is unlocking the equity that you have hiding in your home and not using the assets from your investment accounts to increase your cash flow. How much money you can draw on is worth a free consultation with Debbie at Debbie Cooley Mortgage.

At Debbie Cooley Mortgage, we promise the best mortgage advise available.

To schedule your consultation, call 727-688-2851 or visit us at https://debbiecooleymortgage.com/contact/

Debbie Cooley | NMLS # 210817