All Forum Posts by: Melvin List

A broker with have a 10% down program for second homes!

@Stanley Smeltzer there is also a 3% funds to use based on the purchase price if you are going to live in the property.

@Christina Marchese there are multiple programs out there for a primary residence to get you to 100% using Down Payment Assistance depending on your state.

@Roger Ramirez we have an inhouse insurance agent in our office. Ask for Nick or Ray.

https://www.thecambridgeagency.com/

Are you eligible for Fannie Mae's HomeReady First $5000 Grant?

Grant eligible in certain census Tract:

Miami, Fort Lauderdale, West Palm Beach, Orlando, Kissimmee, Sanford, Tampa, Saint Petersburg, and Clearwater.

@Stanley Smeltzer if you going to start out as a primary residence I would also see if you qualify for Down Payment Assistance or Fannie's $5000 grant program.

@Aubrey E Alleyne I am not sure you can go wrong being that close to the beach.

Grants and Down payment assistance are for Owner Occupied properties.

I would look into doing a first at $766,500 and backing it up with a small HELOC to make up the difference.

@Bryce Kennebeck In Florida the Homestead exemption is only offered individuals and not LLC's.