Helping you Find Your Way Home! » down payment

Broward County Neighborhood Programs

Jeannette Neerpat — Mon, 05 Sep 2011 16:07:05 +0000

Are you looking to buy a house, and need help with your Down payment? Well Broward County has a program that can do just that! They will help you with your down payment. You will need to attend a class and they will go over what you need to look for in a home. You will have to meet certain requirements. Here are some specifics:

First Time Home Buyer Program

Thanks to a special loan partnership between the Housing Finance Authority of Broward County and local home mortgage lenders, first time home buyers purchasing in Broward County now have a chance to own a home of their own at below-market mortgage rates. If you are a first time home buyer looking for a manageable mortgage, the First Time Home Buyer Program may make it possible for you to buy the home you want.

Our Applicant Instructions can be requested by calling our office at (954) 357-4909 or you can conveniently download them at www.broward.org/housing. Attend a HUD Counseling seminar before you submit all requested documentation and the appropriate application fee to the lender of your choice.

Program Features:

Below market fixed mortgage interest rate
Private Mortgage Insurance (PMI) is not required
Down payment is 3% of real estate contract sales price. One percent (1%) of the down payment funds must come from your own savings and cannot be borrowed or received as a gift.
A comprehensive Home Inspection report is required.
Borrower pays a $750 transaction fee to the Housing Finance Authority of Broward County.
You may purchase an existing home or a new construction home
You must owner occupy the home as your primary residence.
Eligible properties include single family residences, condominiums, villas and town homes located within Broward County. Mobile homes and cooperatives are not program eligible properties

You can talk with your Lender, they are all part of the program and can get you more information if this in not enough, or you can call me at 954-993-4104.

Are you looking for some help with your Closing Cost?

Jeannette Neerpat — Wed, 13 Jul 2011 00:18:14 +0000

Are you looking to buy a home, but are on the fence because you need help with your closing cost? Well do I have news for you! The City of Sunrise has a Purchase Assistance program that can help with that! Here’s how the program works.

NSP Purchase Assistance:

Must be a First Time Homebuyer
Each applicant must attend a City approved Homebuyer’s workshop and receive a certificate that must be used within 6 months.
Three percent of total funds, buyers downpayment must be least 3% of purchase price, buyer can also add a gift or seller concessions.

The home must be in Sunrise. If you have any questions, please feel free to contact me.

P.S. In addition to our web resources and city-expert agents, we offer significant cash back to our buyers. Ask me how it works – you’ll be glad you did!

Jeannette Neerpat

City Vice President –
Ft. Lauderdale, Miami – Dade
Cell 954.993.4104 · Fax 617.507.8447

FHA Programs to help you buy your FIRST HOME!!

Jeannette Neerpat — Tue, 26 May 2009 17:13:57 +0000

Are you in the market to buy your first home? Did you know that there are still programs out there to help you with this purchase? Well if not here is a great FHA progam.

You can sstill find great deals out there. But they won’t last. If you have any questions pleasae do not hesitate to call!

Jeannette Neerpat
9000 Sheridan Street
Pembroke Pines, Fl 33024
www.Neerpat.com

Would you like a Free Market Analysis? Visit www.Neerpat.com or call 954-993-4104.

Should I Buy or Rent?

Jeannette Neerpat — Tue, 26 May 2009 17:06:47 +0000

There are so many people that ask this question time and time again. Should I buy or stay renting?

The answer to that question really is whether or not you think you can afford to buy a house. Do you have the money for a down payment, plus closing cost? Can you afford the mortgage plus insurance and taxes.

Buying vs. Renting

So many people say of course its better to buy then rent, and in most cases I would agree. This is definitely the best time to buy. But you need to look at each client differently. I wouldn’t want to put you into a home where you are living from paycheck to paycheck. You want to be able to enjoy your home.

You need to look at your overall expenses. If you are really interested in owning your First Home this is what I would suggest to you.

Write down your monthly expenses~ rent, car, groceries, utilities, going out, etc. Then write down your monthly income. Compare the 2 and see how much money you have left over. The money that you have I would put in the bank and see if you can live without that extra money. See if you can do that for let’s say 6 months. If you can do that then you are ready to buy your first home and on top of that some money to use as either your down payment or closing cost.

But now you have put yourself into the mine frame of wanting to really own that home you want and at the same time did some saving. I know it seems easy as enough to write it down, the hard part is following through, but I know you can do it, I have confidence in you!

The answer below is what is normally said to people who question whether or not to buy vs. rent. You tell me the difference……

After you have read through and are still interested in the purchase of your First Home, give me a call, would love to help make that dream come true!

Why should I buy, instead of rent?

Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you’ll enjoy having something that’s all yours – a home where your own personal style will tell the world who you are.

Should I use a real estate broker? How do I find one?

Answer: Using a real estate broker is a very good idea. All the details involved in home buying, particularly the financial ones, can be mind-boggling. A good real estate professional can guide you through the entire process and make the experience much easier. A real estate broker will be well-acquainted with all the important things you’ll want to know about a neighborhood you may be considering…the quality of schools, the number of children in the area, the safety of the neighborhood, traffic volume, and more. He or she will help you figure the price range you can afford and search the classified ads and multiple listing services for homes you’ll want to see. With immediate access to homes as soon as they’re put on the market, the broker can save you hours of wasted driving-around time. When it’s time to make an offer on a home, the broker can point out ways to structure your deal to save you money. He or she will explain the advantages and disadvantages of different types of mortgages, guide you through the paperwork, and be there to hold your hand and answer last-minute questions when you sign the final papers at closing. And you don’t have to pay the broker anything! The payment comes from the home seller – not from the buyer.

By the way, if you want to buy a HUD home, you will be required to use a real estate broker to submit your bid.

Jeannette Neerpat
9000 Sheridan Street
Pembroke Pines, Fl 33024
www.Neerpat.com

Would you like a Free Market Analysis? Visit www.Neerpat.com or call 954-993-4104.