Author: Kathi E. Ortiz, Office support team leader
Answered Monday, October 25, 2021Answer:
Qualifying first time home buyers in Florida Be careful not to make the same mistake first-time home buyers often make: assuming that all homes are upwardly mobile. A recent book called "Sidewalks" by Doreen Stoelting, professor of urban planning at Arizona State University, provides this sobering statistic about homeownership rates in America today: "Only 5 percent of people who bought their homes 30 years ago remained homeowners." The truth is that almost no one who buys a house does so just once. Stoelts goes on to say, "Americans will remain homeowners for an average of 17 years." Keep this in mind when you start your search because it's something that's easy to overlook.Author: Betty J. Bryson, Film and video editor
Answered Monday, October 25, 2021Answer:
In order to qualify for a mortgage as a first time home buyer in FL, you'll need at least 5% cash down payment on the purchase price. A typical first time home buyer is buying a property that costs around $117,000. You will also need to document sufficient income and credit history with two years of tax returns and bank statements.
MOST READ