Wednesday, December 05, 2007

Orlando Down Payment Assistance Program on The Rise

Orlando Sentinel article today explains Orlando down payment assistance applications are up. Click Here for Full Article.

Here are some things you need to know if you are considering down payment assistance programs.

  • Eligibility weighs heavily on gross income
  • Approved Payments are on First Come First serve basis
  • Some programs require repayment of monies in the event you sell or rent within a specific period, for example within 5 years
  • Maximum purchase price is somewhere in $200’s, depends on program
  • Once you have been approved, contact your buyers agent to locate a home to purchase

To get more information on Orlando area programs, see the following websites.

Seminole County Program
Florida Program
Nehemiah Program
Orange County Program
City of Orlando Program