USDA Mortgage Source - Florida USDA Loans, 7 days a week.
There are several programs available for First Time Homebuyers in and around Central Florida. Most counties have down payment assistance programs that are based on your total income and number of people in your household. You may be eligible for up to $20,000 in Orange County through their NSP program (for purchases in certain target areas.) Orange County and the City of Orlando also have SHIP funds that can be used county and city wide respectively.
With respect to loans, the best loan product for first time homebuyers would be an FHA loan. FHA loans have a minimum down payment requirement of 3.5%. The rates are very competitive - as low as 3.75% for a 30 yr fixed rate mortgage. In addition, the Seller can contribute up to 6% of the sale price towards your closing cost.
I've taught First Time Homebuyer classes and most of my clients are first time homebuyers. I would be glad to assist you with financing your first home.
You don't have to wait July to start looking!
Town & Country Mortgage Services, Inc.
CHECK OUT THE UPCOMING WELLS FARGO BUYER EVENT IN JULY
Also, there are many programs availabe, each property is unique to location offers by city, county, state and Bank owned properties offers buyer specials. If you have a certain address in mind I can give you a specific list of downpayment assistant resources for that property.
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If you need help or have questions feel free to let me know!
Charles Rutenberg Realty
I often work with 1st time homebuyers. I can help you get approved for financing, then start helping you find a home. Please e-mail me directly email@example.com, or give me a call 407-832-4650. Thanks,