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City of Coconut Creek Purchase Assistance

Contact


Community Redevelopment Associates of Florida, Inc.
8569 Pines Blvd. Suite 201
Pembroke Pines Florida 33024
(954) 436-7866






Program Overview


City of Coconut Creek Purchase Assistance is a that provides assistance with a down payment, closing costs, and mortgage buy-down Property must be located in Coconut Creek.


Who is eligible for thisTest program?


Borrowers must be first-time homebuyers. Closing costs, down payment, or principal reduction.

Household Income Limit: $ 71950
Is thisTest program for first time buyers only? Yes


Property Eligibility Requirements


Property must be located in the City of Coconut Creek.
Allowable property types: Single-family homes, townhomes, condominiums, or villas


Benefit Details


The loan is secured by a second mortgage on the property. The term is zero interest for 10 years. After 10 years, the loan is forgiven. Maximum loan is $40000.

Benefit: Interest free, deferred payment second-mortgage loan to assist with closing costs, down payment, or principal reduction.
Loan Term:30-45 years
Homebuyer Counseling /
Education Required:
Yes
Owner Occupancy Required:Yes
Other Program Comments:Buyer must provide a down payment of 1%.

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