Get Ready to Finance Your First Florida Home!
Navigating first-time home financing in the Sunshine State? As your trusted SWFL realtor, here's what you need to know:
TERMS TO LEARN
• APR: Annual Percentage Rate
• Conventional Loan
• Closing Costs
• Down Payment
• Escrow
• Net Income
• Pre-Approval
• Pre-Qualification
DOWN PAYMENT ASSISTANCE:
You may be eligible for:
a. VA Loans
b. Teacher Grants
c. FHA Loans
d. USDA Loans
LOAN PROCESS:
1. Pre-approval (DTI ratio & how much you can afford)
2. Find a home and make an offer that's within your budget
3. Purchase agreement underwriting (your finances are verified)
4. Appraisal and inspection through the lender
Depending on appraisal amount, underwriting is finished and all parties can
schedule a closing.
Note: you may be responsible for closing costs!
Ready to take the first step toward Florida homeownership? As your trusted SWFL realtor, I'm here to assist you in exploring your unique options!
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