I am not in your market, however each state has a housing finance agency with first time home buyer programs.
Here is a link for Florida homebuyer assistance:
Gave information about county and city grants and how to obtain them...now is a good time to buy a house but don't apply with bank of america nor citi mortgage...they are not giving out money.....Some class, huh?
What's my next step? My mortgage lender at Wells fargo has not given me a response to my pre-approval?..how long does it take?
I feel I learned crapola from this class today.
When you attend these classes you get a certificate to show the lender for this type of loan? What exactly do these classes do for you? Why is the certificate needed and what would be the next step in getting approved this loan?
HERE ARE SOME OF THE REQUIREMENTS
1-Must not have owned a home in 3 years.
2-Must have been in the same line of work for 2 years
3-Must make more than 25k but less than 80k
4-Must have 1,000 to put into the deal.
5-640 minimum credit score.
Contact Andrew 954-394-7185 Text first Please!!!!!!!
2 years with the same line of work
3 years of tax returns w-2s etc.
Last 2 paychecks
Must not make more than 70,000 a year and must not make less than 24,000
Need to contribute at least 1% of purchase price of your own money (Not a gift)
3 years of tax returns
640 credit score
Must not make more than 70,000 individually
Must make more than 25,000
Must live in the home as the primary residence
May not own another home at the time of purchase
If interested and are not working with another realtor, you may contact me.
954-394-7185 TEXT FIRST - NAME, NUMBER AND BRIEF DESCRIPTION
Real Living/First Service Realty
I finally got to speak with my wells fargo lender and he stated that the program provided by Miami Dade County county(MMAP) offers up to 4% for down payment & closing cost but when I spoke to him yesterday, he told me I still have to come up with at least $7000 for closing cost?? This on an fha loan also.. Am I undertanding this correct??
Also, so far(though he is still working on it), I was only approved for about $105,000..can I get something in this price range in the Doral 33178 area?(probably not!)
I'm just now reading the post you left after have taken the home buyers' class. Sorry to hear it wasn't helpful. As a Realtor having experience dealing with first time homebuyers and hearing their stories that's usually the case when they attend one of the homebuying classes. The best solution to your problem is to contact a full service Realtor who has experience and patience working with first time home buyers and who will not only walk you through the process from A-Z but also explain each step of the process with informative answers so after the purchase of your first home you're an informed homeowner as well.
Many of my previous and current clients were in the same position you are in; however, after us working together, in some instances, for several months I'm proud to say all of them are informed homeowners or on their way to becoming. It's not an easy task or an overnight accomplishment. Having an experienced and knowledgeable Realtor by your side who you can trust is the first step.
I recommend you interview several Realtors. Ask questions...and remember there's no such thing as a dumb question. See how they respond...if they are easily annoyed. Make a mental note if they're accessible at times when you've called and, if not, how long does it take them to return your phone call. Also, most importantly, ask if they have a full service team in place who can help you with all aspects of the buying process, i.e., mortgage, title, insurance,etc. If so ask for their information and interview them as well before making your final decision. Happy house hunting!
If you need additional information please feel free to give me a call 305-788-6643 or AndreShambley@Keyes.com. I will be more than happy to assist.
All the agents here has given you a wealth of great information. If I may include one more piece of information you may want to have at your disposal is HUD's FHA $100 down payment program. If you purchase a Housing & Urban Development property you may qualify for an $100 down payment FHA loan.
For more information about this program feel free to contact me or Jacinta Shambley with Apex Lending. Both of our contact information is listed below.
When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andreâ€™ Shambley & Miamiâ€™s Best REALTORÂ®. Team, The Keyes Company, 305-788-6643. AndreShambley@Keyes.com, http://www.OnePlaceOpenHouse.com
Ready to refinance or looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@APEXLending.com . http://www.JShambley.ApexLending.com
I am a mortgage broker. If I can be of service, please let me know!
877-238-6324 Ext 704
She also said I can get housing Anywhere in Miami-Dade County, including of course Doral, which is what I am looking for.
Thank You for your advice...All of you!...I will be back daily as I have plenty plenty of questions...Now is to find a good bank/lender and an fha approved home.
From the link you sent me(Lisa), I fall under the low income limit(50.01% - 80% low) for two people....does this mean I can qualify for this type of assistance?
To find approved lenders please see the list on the following document
You will also need to attend classes to be eligible but see your local Affordable Housing Office to see what the county qualifications are.
Talk to a realtor to see who in the area (banks) are doing more first time homebuyer loans--as they have more knowledge and patience with someone not familiar with the process. Another avenue is to check around new construction projects that have been completed, as they frequently have preferred lenders who many times will give you a lot of extra financial considerations to sell their product!! I work on a new construction townhome project, and our builders are always putting in incentives to assist first time homebuyers. Go visit some open houses and talk with different realtors--good way to find someone who you can work well with, instead of just picking up a phone and calling from the yellow pages. These are three different ways to start your search.
Good luck, and happy house hunting!!
If I can be of any other assistance, contact me at: