USA contact Sue             
(561) 662-0035                 
Guatemala contact Alex            
(502) 5494-1955              
  Chile contact Susy             

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Housing Finance Authority 100% Financing State of Florida And Florida Assist Down Payment Bond

• 30-year fixed rate first mortgage loans by approved lenders in the State of Florida.
• Maximum FHA,VA, CONV, LTV 103%
• Maximum FHA DTI 49.99%
• Maximum Conventional DTI 49.99%
• Must be First time Home Buyers or not have owned a house in the past 3 years.
• Single Family Residence.
• Can be used with FHA VA Conventional
• No Prepayment Penalty Fee if 1st mortgage loan is paid out early
• Closing Cost Allowances
• FLORIDA ASSIST $7,500 silent second mortgage 0% Interest with 100% Financing.
• The $7,500 must be reapaid when property sells, is refinanced, rented out or when the mortgagor leaves the property for any reason.
• FHA, Fannie Mae, or Conventional Borrowers in the State of Florida must meed income purchase price and other program guidelines,
and can qualify for an FNMA conventional 1st mortagage loan.
• FLORIDA ASSISTS Conventional Only $10,000 15 year Second Mortgage Amortized $70 per month until the amortized loan of $10,000
has been paid off or is due upon resale, refinance or upon rental of the home
• Seller Concessions of up to 6% allowed depending on program
• Maximum Purchase price for home $294,900
• Maximum Household income Mimimum $50,000-$70,000.
• Can purchase new or release homes
• Buyers must occupy within 60 days of closing
• Primary Residences only, no second home or investment properties.
• No cash back at closing.
• Borrowers must be employed full time with 2 years continous Income must be supported by: 3 years Federal Tax Returns , W-2'Ss ,
pay stubs and 2 year history of continous employment, 1099 3 yyear Tax Returns
• FHA Version, Morgage Credit Certificate (MCC)NOT available.
• Requires HUD Certified Home Buyer EduCATION On Line Course
• Refinances; Not permitted.

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   (561) 662-0035   or   (561) 662-0034