Tampa Bay Down Payment Assistance Programs
This program is ideal for homebuyers who don’t have the funds to cover the cash required at closing or for those who have the cash but need it for expenses such as home improvements, an emergency fund or education. The benefits include flexible funding and over 100% financing. All buyers must complete Fannie Mae Buyers Education Classes for ALL to qualify.
Tampa Bay First-Time Home Buyer Programs
Fidelity Home Groups Home Buyer Programs help hopeful homeowners with several options. These programs also assist Americans in securing mortgages when they don’t have the best credit scores. Some even cater to specific professions like those in Firefighter, Law Enforcement, Educators, Health Care Workers and the Military.
New Construction Mortgage Program
Our New Construction Programs is a one-close construction loan:
- 70% LTV with no requalification required post-construction
- 90% LTV option with requalification required post-construction
- Simple and flexible draw process
Conforming Mortgage Program
Conforming mortgages are ideal for borrowers with good or excellent credit. The maximum Conforming Loan amount in 2021 is $548,250. They follow fairly conservative guidelines for:
- Borrower credit scores – min 620.
- Minimum down payments of 3%.
- Debt-to-income ratios under 50%.
FHA Mortgage Program
Federal Housing Administration mortgages are great first-time home buyers! FHA Mortgage have flexible lending standards to benefit:
- Minimum Down Payment of 3.5%.
- Minimum score of 620.
- Debt-to-income ratios under 55%.
Jumbo Mortgage Program
Jumbo mortgages are home loans that exceed conforming loan limits. A jumbo loan is one way to buy a high-priced or luxury home:
- Credit scores as low as 680 may qualify
- Buy a home with as little as 10% down payment
- Loan amounts up to $5,000,000
Renovation Mortgage Program
Our renovation remodeling loans allow you to roll the costs of repairs or upgrades. Benefits include:
- One Loan: The loan covers the purchase plus renovation costs
- Renovation work can begin immediately
- Remodel the updates/additions you want
- Simplicity: one closing and one monthly payment
Veterans [ VA ] Mortgage Program
Because the VA guarantees a portion of your loan, you won’t need to pay mortgage insurance:
- Credit scores as low as 620 may qualify
- Buy a home with as little as $0 down
- Certificate of Eligibility
- VA loans were designed to offset common financial challenges faced by military families and veterans.
