First Time Buyer Basics

Page 1

Marcia VanBoskerck REALTOR速

First-Time Buyer Programs

(904) 237-2670


Marcia VanBoskerck REALTOR速 For the most complete and up to date information on loan programs you need to speak with a lender. This information is provided as a general guide only.

Traditional Purchase Percentages Down Payment

VA Loan 0%

FHA Loan 3.5%

Closing Costs

4%

4%

Clean WDO Property Requirements Livable from day

Livable from day1

Assume a Home is $150,000 Down Payment

VA Loan $0.00

FHA Loan $5,250

Closing Costs

$6,000

$6,000

TOTAL

$6,000

$11,250

(904) 237-2670


Marcia VanBoskerck REALTOR®

FL Bond

USDA Guarantee

Income Restrictions

Yes

Yes

Education Class Required

Yes

No

Designated 'rural' areas *no existing Mobile

Which Homes Qualify

any home meeting FHA guidelines

Investment Requirement

$1,000 of ’seasoned’ money

0%

$7,500

100% of property Value

none

All repaid in the loan

Maximum Assistance Assistance Forgiveness

Occupancy Requirement

Homes, No in-ground pools

Cannot own a home or have For first time buyer or owned in the past 3 lack ‘adequate’ years—Must be housing—Must be Owner Occupant & Owner Occupant & Primary Residence Primary Residence

(904) 237-2670


Marcia VanBoskerck REALTOR®

Documents You Will Need •

• • • •

Current Pay Stubs 1 month & 2 years of W-2’s, any pension statements, social security letters etc 2 years of tax returns Social Security Card or Green Card List of Rental History for 2 years 2 months of bank statements, 401k statements etc This list may not cover everything but it will give you a good start!

(904) 237-2670


Marcia VanBoskerck REALTOR速

Suggested Lenders Sande Libert, Mortgage Loan Officer

904-545-6562 6319 Roosevelt Blvd Jacksonville, FL 32244

(904) 237-2670


Marcia VanBoskerck REALTOR®

• • • • • • • • • • • • • • •

2011 - Million Dollar Club, Top Listing Agent and Agent of the Year (Middleburg Branch) 2010 - Million Dollar Club and Top Listing Agent (Middleburg Branch) 2009 - Million Dollar Club, Top Listing Agent and Agent of the Year (Middleburg Branch) 2008 - Million Dollar Club, Top Listing Agent and Agent of the Year (Middleburg Branch) 2007 - Rookie of the Year & Million Dollar Club 5-Star Agent, Voted best in customer satisfaction in 2008 and 2009 SFR Certified Short Sale and Foreclosure Resource Certified Foreclosure Specialist Experienced Short Sale Agent Florida Licensed Real Estate Agent Florida Licensed Home Warranty Agent Member of the National Association of Realtors Member of the Northeast Florida Association of Realtors Member of the Northeast Florida Mulitple Listing Service Registered Agent for FHA, VA, and Bank Repo Bidding

200

I can research, show, and sell any home listed in MLS!

(904) 237-2670


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