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Buy Your First Home Using Florida First Time Home Buyer Program

By Joe Pipino

There are many sources where you can get information all about Florida first time home buyer grants. President Obama and Congress included in the economic stimulus package funding to help restore the stagnant residential real estate market. There are a myriad of zero or low interest mortgage loans with easy down payment requirements. This help is directed toward working families to encourages home ownership, keep high quality-of-life neighborhoods, and restore our economy.

The federal government distributes the funds to local, county and state units of government, who manage the various home buyer assistance programs. There are strict eligibility requirements. Documentation to support your application must be submitted. As you probably can imagine, there is a lot paperwork and bureaucracy involved. Fortunately, you can hire a mortgage broker or a real estate agent to navigate the application process. The real estate seller pays the real estate agent so it does not cost you anything to use a professional.

Often the biggest hurdle of the first time home buyer is coming up with a sufficient down payment. There are programs that can help the first time buyer with the down payment. The total down payment required can be reduced to a more manageable amount. There are grants that will pay up to three thousand dollars towards the down payment. Remember grants do not have to be paid back.

A mortgage can be structured so that part of the principal does not have to be repaid until the property is sold. It is common to see part of the mortgage at a zero or very low interest rate, which makes for a low monthly payment. The lower interest rates creates a more affordable monthly payment for working families.

There are programs that will help pay for renovations and improvements to your home if you are already a home owner. This is a great opportunity for replacing your roof, installing new windows, and making your home more energy efficient. The renovation programs have the additional benefit of maintaining quality neighborhoods and promoting economic development.

Finding a good real estate agent or mortgage broker is the best way to get started. You could do it on your own but that would be risky. The first step is gathering the documents you will need. Retrieve copies of the past two years tax returns. Get ready to fill out a complete financial statement which will itemize your debts and assets. Gather all your credit card statements, bills and alike to begin preparing your financial statement.

A good way to find real estate broker is to ask family, co-workers, and friends who they used and if they would recommend them. It is important to use a broker whom you feel comfortable with and trust. It is important to have your attorney review all legal documents before you sign.

You should have a pretty good understanding all about Florida first time home buyer grants, so you can get started without delay. First obtain that trusted real estate broker, begin getting your documents together, and you are on your way. Do not miss out on these great deals. Help restore our economy. Get your new home!

When it comes to first time home buyer grants, you need the right places possible that gives the right knowledge. With us, you will find that we serve many places and one would be Florida. Fl first time home buyer grants can be obtained through our knowledge.

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Article Citation
MLA Style Citation:
Pipino, Joe "Buy Your First Home Using Florida First Time Home Buyer Program." Buy Your First Home Using Florida First Time Home Buyer Program. 26 Jun. 2010. 12 Oct 2015 <>.

APA Style Citation:
Pipino, J (2010, June 26). Buy Your First Home Using Florida First Time Home Buyer Program. Retrieved October 12, 2015, from

Chicago Style Citation:
Pipino, Joe "Buy Your First Home Using Florida First Time Home Buyer Program"

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