6-1-07 Eva Nash Realty Reports *Single Family Bond Program

6-1-07 Eva Nash Realty Florida “Living” Blog

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Single Family Bond Program
100% Financing for Broward County Homebuyers
The Broward County Housing and Community Development Division and the Housing Finance Authority of Broward County are offering the 2006 Single Family Bond Program that will help home buyers achieve the dream they thought was beyond their reach. The program features a 30 year, fixed rate of 5.60% and down payment assistance.
The down payment assistance is offered in the form of a second mortgage. There are different options available depending on the household income. Options include three 20% second mortgages including a zero percent, deferred payment second mortgage that may be forgiven and a 30-year, fully amortizing second mortgage at a rate of 6.20%
To Qualify:
Household incomes may not exceed $72,720 for 1 or 2 person households or $84,840 for 3 or more person households
Purchase price for a home cannot exceed $525,090
The new or existing single-family home (attached or detached), condo, or townhouse must be located in Broward County
You do not have to be a first-time homebuyer.
There is a fee of $225 that is paid at closing. The Housing Finance Authority's first and second mortgages are exempt from documentary stamp and intangible taxes, allowing the homebuyers significant savings.
Read More: http://www.r-world.com/Consumers/BrowardCountyBondProgram.html
The available lenders are found in the link.