First Time Home Buyers: A local Orlando, FL lender is currently offering a $10,000 forgivable grant at closing. There are guidelines for this grant and one such requirement is that it is only available with a Conventional Loan 97% (Fannie Mae). Additional requirements include: Buyers must have 640+ FICO, be a first time home buyer with no ownership of a principal residence in the past 3 years, obtain a FTHB Education Certificate, satisfy income limit ($87,500 for most counties), and find a home you like for less than $331,423 – purchase price limit for most counties.
This offer is through the lender, not Alpha Real Estate of Central Florida, LLC.
Here’s the lender’s example of what you could expect if you qualify:
Sales Price: $250,000
Loan Amount 97%: $242,500
Down Payment: $7,500
4% GRANT: $10,000 FREE
For more information and guidelines about the program, please contact Bill Moore ASAP.
William “Bill” Moore
Licensed Real Estate Sales Associate
FL License: SL3386034
Cell: (407) 680-3670
Alpha Real Estate of Central Florida, LLC
1423 W. Fairbanks Ave.
Winter Park, Florida 32789
FL License: CQ1039886
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