If you’re in the process of buying a home and need down payment assistance, you should know that the State of Florida might have a program that can help you finally become a homeowner! Thanks to Florida Housing, there are a handful of programs to help homebuyers. Two of the most utilized and appreciated programs that people in Florida use are the Florida First program and the Florida Advantage program. Both of these can help buyers automatically qualify for down payment assistance programs.
The Florida First program offered by Florida Housing is a means to get a low 30-year fixed-rate on your first mortgage, if you’re a qualified borrower. It isn’t a down payment assistance program, but it does automatically qualify you for one of the state’s down payment assistance programs. So, Florida First is a wonderful place to start, if you need down payment assistance. Plus, it may qualify you for an outstanding affordable mortgage.
The Florida Advantage program offered by Florida Housing can help you if you intend to buy a home in an area designated as rural. Keep in mind, the definition of rural is quite broad. So, it is worth looking into, even if you don’t think the home you’re interested in qualifies as rural. This program helps self-help buyers or buyers with at least one disabled family member. To qualify, you also need to be at or below 80% of AMI adjusted for household size. If you do, you also would qualify for the Florida Assist down payment assistance.
Are You Buying a Home on Marco Island?
Considering buying a home on Marco Island? We’d love to help you find one that’s just right for your needs.
First, check out available Marco Island area properties using this helpful search tool. If it’s easier, you can just call us at 239-821-7926 or get in touch with us online to let us know what you’re looking for. We’re happy to contact you however you prefer. Then, we’ll start searching our databases right away using criteria you specify!
In the meantime, you can also easily explore Marco Island real estate by price:
- Marco Island homes for sale from $100k to $200k
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- Marco Island homes for sale from $400k to $500k
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- Marco Island homes for sale from $900k to $1 million
- Marco Island homes for sale over $1 million