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Broward County First Time Home Buyer Program
Broward County Housing Finance Authority
www.broward.org/housing/

Contact


Broward County Housing Finance Authority
110 N.E. 3rd Street Suite 300
Fort Lauderdale Florida 33301
(954) 357-4900






Program Overview


Broward County First Time Home Buyer Program is a program to provide below-market fixed interest rate mortgages to first-time homebuyers. Property must be located in Broward County.

The application fee is $ 750.


Who is eligible for thisTest program?


Borrowers must be pre-approved by a participating lender. Borrowers must be very low, low, or moderate income. Funds may be used for the purchase of a single-family home.

Maximum % of Sales Price: 97%
Household Income Limit: $ 134021
Is thisTest program for first time buyers only? Yes


Property Eligibility Requirements


Property must be located in Broward County.
Allowable property types: Single-family houses, condominiums, villas, and townhomes.


Benefit Details


Fixed rate, below-market interest rate mortgage.

Benefit: Below market fixed rate mortgage.
Loan Term:40 year (maximum) years
Homebuyer Counseling /
Education Required:
Yes
Owner Occupancy Required:Yes
Other Program Comments:A comprehensive home inspection report is required. Application is made through participating lenders, who make the final determination on eligibility. Private mortgage insurance is not required. The down payment must be at least 3% of the purchase price, and 1% must be from the borrower's own funds.

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Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on thisTest site. Some inaccuracies may exist. If you believe thisTest information is not current, .



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