Florida Housing will receive $100 million in additional funding beginning July 1, 2023, for the Florida Hometown Heroes Housing Program. Before July 1, 2023, the Hometown Heroes program offered eligible borrowers a maximum amount of $25,000 in down payment assistance. Once the changes go into effect, the maximum amount …
How to save money with a VA loan in Winter Park, Florida
Buying a home in Winter Park can be a complicated and expensive process, especially if you're a first-time home buyer or a Veteran. Fortunately, if you are a Veteran or a surviving spouse of a Veteran, you might be eligible for a VA loan. With a VA loan, you can purchase the home of your dreams with zero down payment …
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MEP’s Rate Protection Program is a win-win for borrowers!
Get off the sidelines and look for your new house! Homebuyers in Winter Park are on the fence today about whether to enter the market or stay put. First-time homebuyers who are still renting hope rates and prices will come down. Now that we are entering the spring homebuying season and none of those things have …
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Why mortgage interest rates shouldn’t stop you from buying a home this year
4 great reasons to buy a home this year People decide to buy a new home based on a variety of factors. In most cases, life events dictate the need to enter the housing market. Some common reasons include job relocation, an expanding family, a desire to move from an urban to a suburban area or vice versa, or …
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FHA to permit inclusion of positive rental history for first-time homebuyer
FHA permits inclusion of positive rental history for first-time homebuyers First-time homebuyers in Winter Park and the Greater Orlando area face many obstacles when buying a home. Some of those hurdles include saving for a down payment, having extra money for closing costs, home affordability, and qualifying for a …
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How does a 2/1 buydown work?
What a difference a year makes! This time last year, mortgage interest rates were, on average, at least 2 points lower than they are today. When interest rates are lower, so are monthly mortgage payments. In a housing environment like we are experiencing today, with higher mortgage interest rates and elevated property …
