Home Buying in 32953>Question Details

Caitlyn Brady, Home Buyer in Merritt Island, FL

is their anyway for a first time home buyer to purchase a home with no money down?

Asked by Caitlyn Brady, Merritt Island, FL Fri Jun 22, 2012

interested in forclosures

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Annette Lawrence 727.420.4041’s answer
Of course there is. But you would be well advised to sit with a real estate professional and have a heart-to-heart about the bank owned market. Your objective and market reality are not going to align very well.

You will very like find that exercising a bit more financial disipline and patience will better position your for acquiring a home in the near future.
0 votes Thank Flag Link Sat Jun 23, 2012
There are a variety of programs which will provide you with down payment and closing costs. You have to do your homework to decide what will work best for you. There is bond money and down payment assistance from The Community Housing Initiative depending on household income. The amount is determined by income and area. There is Florida state bond money which is also income based. There is also USDA rural development money which pays down payment and closing costs depending on the address of the property. It is a rural development loan. Everything is rolled together in the loan. There are websites available for you to check these programs and their income requirements. If you want to discuss these possibilities I have contacts in lending that can give you options and program information. Just remember to be smart about what you are doing. This is probably the biggest purchase you will make in your life. Knowledge is your biggest protection.
Coldwell Banker Cocoa Beach Realty
(321) 223-7055 cell/text
0 votes Thank Flag Link Fri Jun 22, 2012
Hi Caitlyn,

There are State and County programs that you may be eligible for that provide Down Payment Assistance. The funds from These programs can be applied towards down payment and closings costs and in most cases covers all of the down payment and closing costs. I am very familiar with these programs. If you would like some more detailed information, feel free to visit my website and contact me.
0 votes Thank Flag Link Fri Jun 22, 2012
If you can purchase with a VA loan your closing costs can be rolled into your mortgage. But check with your bank representative to see if there any programs that you can qualify for.
0 votes Thank Flag Link Fri Jun 22, 2012
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