Buy a home with $5,000 Out Of Pocket!
This is a great opportunity to purchase a home with 100% combined financing. You receive a standard FHA first mortgage for 96.5% of the purchase price, while the remaining 3.5% down payment is covered by a second loan with 0% interest, $0 monthly payments, and forgiveness after 36 qualifying months, of the first loan. Unlike many city or county down payment assistance programs, this program offers greater flexibility without many of the typical geographic restrictions. And what about closing costs?
FHA allows sellers to contribute up to 6% toward eligible closing costs, so your real estate agent may be able to negotiate seller concessions that significantly reduce the amount of money you need to bring to closing.
HIGHLIGHTS:
- 100% Financing for Single, Duplex, and Triplex
- FHA Loan 96.5% first loan
- FREE 3.5% 2nd loan $0 payment, forgivable after 3 years of payments on the first loan
- 640 credit score
- 6% Seller Concessions - let the seller pay closing cost
- 2 years employment history with W2s
- Latest 2 months of bank statements
- All Florida US Citizens & Permanent Residents
- Central Florida - Max Purchase Price $541,287 (single home)
- Miami Area - Max Purchase Price $667,000 (single home)
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The Ultimate Florida Homeownership Guide: Why Renting is Costing You a Fortune and How a 3.5% Gifted Down Payment Can Put You in Your Own Home
📈 The True Power of Homeownership
Continuing to rent leaves you exposed to annual rent inflation while building zero equity. Transitioning to homeownership locks in your principal and interest payments, turns your housing payment into a wealth-building asset through organic real estate appreciation, and offers vital tax advantages.
Fixed-Rate Stability
Escape unpredictable landlord lease hikes with steady, predictable monthly payments.
Equity Growth
Every payment builds personal net worth instead of enriching someone else's portfolio.
🎁 The Game-Changer: 100% Financing & 3.5% DPA
You don't need an 80-thousand-dollar savings account to buy a home. Modern financing structures make entry accessible with minimal capital:
- FHA First Loan (96.5%): Robust, reliable government-backed primary financing.
- Free 3.5% Second Loan: $0 monthly payment structure that is completely forgivable after 3 years of timely payments on your first loan.
- Flexible Property Types: Fully applicable for Single-Family Homes, Duplexes, and Triplexes (house-hack and let rental income offset your mortgage!).
📋 Clear Qualification Standards
640+ Credit Score
A reliable credit standing opens the door to this specialized down payment assistance program.
6% Seller Concessions
Negotiate contracts allowing the seller to pay your closing costs out of proceeds.
Simple Documentation
2 years of employment history supported by W2s and your latest 2 months of bank statements.
Claim Your Florida Property Today
Open to all Florida US Citizens and Permanent Residents ready to stop renting and start building generational wealth.
Frequently Asked Questions
What is the maximum purchase price for a single home in Central Florida?
The maximum purchase price for a single home in Central Florida is $541,287.
What financing options are available for buying a home?
You can buy a home with 100% combined financing, which includes a standard FHA first mortgage for 96.5% of the purchase price and a second loan covering the remaining 3.5% down payment.
Is there any assistance for closing costs?
Yes, FHA allows sellers to contribute up to 6% toward eligible closing costs, which can help reduce the amount of money needed at closing.
What are the credit score requirements for this financing program?
A minimum credit score of 640 is required for this financing program.
Who is eligible for this home financing offer?
Eligibility is open to all Florida US Citizens and Permanent Residents with a 2-year employment history and necessary documentation.
What is the interest rate and payment structure for the second loan?
The second loan has a 0% interest rate, $0 monthly payments, and is forgivable after 36 qualifying months of payments on the first loan.