Homeownership Assistance ProgramsJune 13, 2016
In a 2015 report published by the National Association of Realtors, home buyers, especially first-time home buyers, reported that the most difficult part of the purchase process was affording the required down payment.
We completely understand. The required down payment of a traditional mortgage can seem insurmountable. But, if you have recently fallen in love with a piece of real estate in Destin, there is hope in the form of down payment assistance.
Buying real estate is a complex process, which is one reason you may want to work with a housing counselor in the beginning. They can advise you of all resources you are eligible for, both based on the location of the home, as well as your financial situation. Armed with the right resources, your RE/MAX Southern agent can show you that dream property and make it yours!
Agencies that your counselor can put you in touch with include the Florida Housing Corporation, which offers information on lower interest rate loans and programs for first-time buyers and HUD’s HOME Investment Partnership Program, as well as many others that are approved for use in the county and within Destin.