First time buyer program florida
First Time Homebuyer Program In Florida - What You Need To Kno…
(11) “First Time Home Buyer” means eligible persons or families, except eligible persons or families acquiring a single-family residence in a MCC Targeted Area, who have not had an ownership interest in a principal single-family residence at any time during the preceding 3-year period prior to the date the mortgage is executed, other than a construction period loan, a bridge loan or other ...
APPLICATION FOR HOUSING ASSISTANCE
( Buyer/Owner hereby requests BUILDER to escrow all deposit monies received, up to 10% of the purchase price, to be held pursuant to Florida Statute 501.1375. In this event, BUILDER may borrow money in an amount equal to the funds held in escrow for construction purposes only, in which case any interest which the BUILDER pays on such loan shall be paid by Buyer/Owner at time of closing, but ...
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