First time homebuyer loans

As a first-time homebuyer, you don’t have to bear the financial burden on your own here in Florida. 

There are mortgage programs aimed at helping you with the financing.  There are several first-time homebuyer programs available.

These programs range from down payment assistance to programs for public service workers.  There are more localized programs and state-run programs.  Some programs offer lower interest rates and second mortgages with advantages for down payments.  There is even a program for Hometown Heroes which includes:

  • Firefighters
  • Educators
  • Healthcare workers
  • Childcare workers
  • Active military
  • Veterans
  • Law enforcement officers

 

There are also First Time Homebuyer Grants.  These programs often offer assistance that requires money that does not have to be repaid.  Some programs have even offered zero-interest or deferred-payment loans, these loans oftentimes only required repayment only if you sell the home or refinance.