Are you a senior looking to purchase a home in Southwest Florida? With the help of the Florida Housing Finance Corporation (FHFC), you can take advantage of special programs designed to make homeownership more accessible and affordable. The FHFC is the only state organization offering assistance to first-time homebuyers in Florida. They provide lower-interest rate loans, purchases, and other programs to help make homeownership more attainable. To learn more, call (800) 814-HOME (466).The FHFC recently launched the Florida Hometown Heroes Housing Program, which provides front-line community workers in more than 100 eligible professions with down payment assistance and closing costs to help them purchase a primary residence in the communities they serve.
This program is available to individuals, families, and seniors living in Charlotte, Collier, DeSoto, Hardee, Lee, and Sarasota counties. In addition, the USDA 502 loan is a government-supported program offered by the Department of Rural Housing that allows first-time homebuyers in Lee-Collier County to purchase a home with 100% financing. All of the organizations listed above should freely advise any first-time homebuyer in the state of Florida. If you're looking for assistance programs for homebuyers in Florida, a good place to start is with the FHFC. If you can put down a 20% down payment, you should apply for a conventional loan with a competitive interest rate. Your lender or realtor can help you find the right option based on your financial and homebuying goals. The FHFC's first-time homebuyer program offers a 30-year fixed-rate loan through participating lenders across the state of Florida.
This change will avoid delays in closing real estate transactions and make it possible to deliver affordable housing more quickly, predictably, and effectively in bond-financed transactions. As Southwest Florida begins its recovery efforts, Florida Housing is committed to supporting them every step of the way and providing housing needs by every means available. If you're a senior looking to purchase a home in Southwest Florida, take advantage of these special programs and unlock homeownership opportunities.
