Home Buying in 33033>Question Details

rblair_74, Home Buyer in Pembroke Pines, FL

I have had a home in the past in Virginia. We are looking to purchase a home in Homestead or Cutler Bay FL and were told about the MMAP program.

Asked by rblair_74, Pembroke Pines, FL Sun Sep 29, 2013

Would we still qualify for the program if we have never purchased a home in Florida? Are we considered new home buyers?

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Answers

1
Here are the eligibility requirements.

Borrower Eligibility
(Ask a HAP approved lender for complete requirements & details)

1.Must reside in Miami-Dade County (at time of application w/ approved lender);
2.Be a First-time homebuyer or have not owned a home in the previous three years;
3.Have annual household income not exceeding 140% of county median income, adjusted for family size.
4.Must contribute at least 1% of sales price (income 100% or less of adjusted median) or 3% of sales price (income 100.01-140% of adjusted median) from your own funds.
5.Must get approved financing thru a HAP approved loan officer & lending institution.

Ann Ryan
Keyes Real Estate
786-332-7042
1 vote Thank Flag Link Sun Sep 29, 2013
Thank you. We told the sales person we owned and she kept pushing the program as a perk that they would cover most of closing. After looking into it and knowing we wouldn't qualify for it she kept insisting. Talk about wanting the sale! if that was the case then maybe they should consider taking offers and coming down in price
Flag Thu Oct 3, 2013
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