The latest HFA Well-known System brings guidelines when it comes to good forgivable next financial which is either step three%, 4%, otherwise 5% of first mortgage. Simultaneously, there is certainly a great 20% yearly forgiveness of one’s financing for your four-seasons label.

HFA Advantage Together with Second Home loan

The brand new HFA Advantage Plus Second Mortgage is nearly identical to their sister program, to the main distinction getting that it also offers an effective 0% deferred 2nd mortgage as high as $8,000 that is forgiven at a rate out-of 20% a-year for five decades. This might be good choice for very first-day home buyers who are on a single from Fl Housing’s old-fashioned financing.

Florida Home town Heroes Houses Program

This new Florida Hometown Heroes Construction Program aims to let people that give worthwhile functions on their teams, together with teachers, medical care pros, police, firefighters, and you can pros. Qualifying borrowers normally receive doing 5% of first mortgage loan amount, otherwise a maximum of $thirty five,000. This will help to toward down payment and you will settlement costs.

The fresh new Georgia Fantasy Homeownership Program (GDHP) even offers individuals downpayment mortgage options to let Georgia basic-big date homebuyers otherwise those who have not had a house into the going back 36 months.…