Down payment assistance (DPA)
Down payment assistance (DPA) programs are initiatives aimed at helping individuals overcome the hurdle of affording the upfront costs associated with purchasing a home. These programs provide financial aid to cover part or all of the down payment and sometimes closing costs, making homeownership more accessible, particularly for first-time buyers or those with limited financial…
Read MoreHow Fed Rates and Treasury Yields Impact Mortgage Rates
Common beliefs about mortgage rates following Fed rates or the 10-yr Treasury yield are often incorrect. The Federal Funds Rate influences but doesn't dictate mortgage rates.
Read MoreFL Housing Bond Program
The Florida Housing Finance Corporation (FHFC) administers the Florida Housing Bond Program, which is designed to assist low and moderate-income individuals and families in obtaining affordable housing. The program utilizes tax-exempt bonds issued by the state to provide financing for affordable rental and homeownership opportunities. Key features of the Florida Housing Bond Program may include:…
Read MoreHometown Heroes Loan Program
The “Hometown Heroes Loan Program” is a type of financial assistance initiative often implemented by local governments or lending institutions to provide support to individuals who serve the community in essential roles. These roles typically include firefighters, law enforcement officers, teachers, healthcare workers, and emergency medical technicians, among others. The program typically offers special benefits…
Read MoreMaintain Your Home, Save on Insurance
Proper home maintenance can prevent claims and keep premiums low, and it includes cleaning gutters, maintaining sump pumps, and salting driveways in winterBundling your home, auto, and other insurance policies with the same company can lead to discounts.
Read MoreLock Rates Early, Get Pre-Approved
Get fully pre-approved early to lock in rates for 60-90 days. Put down a larger down payment, typically 20% or more.
Read MoreVA FUNDING FEES
The VA funding fee is a one-time fee paid to the Department of Veterans Affairs (VA) when taking out a VA-backed home loan. This fee helps to offset the cost of administering the VA home loan program. It’s typically a percentage of the total loan amount and varies depending on several factors, including the type…
Read MoreHow to Find a Buyer’s Agent
Speak to friends, local business owners, and check for "sold" signs in desired neighborhoods.Look for agents who’ve successfully closed transactions in the area where you’re looking to buy.
Read MoreDon’t Wait for the Dip: Steps to Owning a Home Today
Shop around for mortgage rates and explore government loan options. Consider assuming a seller's existing mortgage or buy down your interest rate.
Read MoreJacksonville’s Market Offers More Choices
Florida metros dominate the best places for buyers in Zillow’s new market heat index. Despite a national trend of more inventory in some areas, the US remains a seller's market overall.
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