Have you always wanted to own your own home in Broward County, but just haven't been able to come up with the funds to finance a mortgage loan?
We've got you covered! We’ll help you find First Time Homebuyer programs in Broward County that'll assist you in finding and purchasing your first home.
What's a First Time Homebuyer Program?
A First Time Homebuyer program is a program that provides financial assistance to people who need help buying a primary residence, usually their first house. In Broward County most of these are administered by the federal, state, or local governments, or by non-profits.
Not all of these programs are the same, but they generally provide services ranging from low or interest-free loans, to direct financial help with down payments or mortgage payments. Some even offer financial aid for help people installing energy-efficient utilities.
Some types of homebuyer programs are designed to help different groups of prospective buyers. For example, members of the military and veterans can apply for the VA loan program, which provides reduced interest rates, requires no down payments, and provides many other great benefits.
Other great programs include:
- Good Neighbor Next Door - Provides loans to teachers, police officers, and firefighters, and emergency medical professionals in low income areas
- Agriculture Rural Development Housing & Community Facilities - Provides assistance to low income buyers in rural areas
- HOME - Provides assistance to low income families with an income under 60% of the local adjusted median income
We'll help you find these and other grants that you might be able to use, and assist you in choosing the one that's best suited to your situation.