Updated about 6 years ago on . Most recent reply
Best loan program for a first time buyer in Florida
I don't have a lot of credit. I am thinking about moving to Florida. Does anyone know what the best loan program is for someone starting out? I can afford a down payment but probably not the FHA requirement for 3%. I am hoping to only pay 3% down payment. There are cheaper alternatives in New York. For example, there is the SONYMA program.
Does anyone know of the best place in Florida to buy a cheap multi-family? I am looking in the Tampa area. There seems to be more availability in the New York area where I live for multi-family properties.
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#1 Foreclosures Contributor
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- West Palm Beach, FL
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#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
The only way to put down 3.5% for s multi is fha, plus closing costs of course. And you’ll need a job in the same field as you have now.
Any county specific loan assistance programs will be for SFR only.