Home Buying in Kissimmee>Question Details

Elizabeth Ji…, Real Estate Pro in Orlando, FL

What banks give out loans for under $30,000 for first time buyer in Florida. Thank you.

Asked by Elizabeth Jimenez, Orlando, FL Sat Apr 16, 2011

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3
You will find very few banks will loan under $30,000. Most lenders start having cut offs under $75,000. My wife works for First Choice Bank and and does have FHA programs for first time buyers that will go under $30,000 on a case by case basis. One of the determining factors will be your credit score 620 min. if over 640 it will give you more options . Let me know if you would like her contact information ?
1 vote Thank Flag Link Sat Apr 16, 2011
Hi Elizabeth,

You may want to contact a local credit union.

They will typically have special programs for their members.

Hope that helped!
1 vote Thank Flag Link Sat Apr 16, 2011
Elizabeth,

I was advised by a mortgage broker to have the clients contact their local bank where they keep their savings, checking accounts and inquire about this type of loan. I hope this help. Good luck!
0 votes Thank Flag Link Sat Apr 16, 2011
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