Explore some funding options that will get you your new home.

As a home buyer, we are always on the lookout for financing options that can help us purchase our next property. Which is why we are going to explore some financing options for buyers who would like to purchase a home soon:

1. Bridge loans. This kind of loan is perfect for homeowners who want to make the easy transition of selling their current home and buying a new one but don't want to stay in a hotel or do a short-term rental. There are some programs, like reverse mortgages, that would be able to tap into the equity of your home if you qualify. While there are certain restrictions or requirements, these programs are great for a lot of homeowners to make the move from home one to home two.

2. Hometown Heroes program. This one is a great option for first-time homebuyers. This program offers $100 million in funding for qualified first-time homebuyers with an income cap of $146,000. Another good thing about this program is that they’re going to be back in July 2024. So, if you are interested in applying for this program, we can connect you with lenders who can provide details on this program.

There are many financing options available for you to look into for first-time and seasoned homebuyers

3. Florida relocation grants. Moving to a designated zip code in Florida could qualify you for a grant of up to $8,000 towards your down payment. And since it’s a grant and not a loan, it doesn’t add to the purchase price and doesn’t need to be repaid. Lastly, there are no income thresholds, so check if your new zip code qualifies.

There are many financing options available for you to look into, like lender-based and government-funded programs for first-time and seasoned homebuyers. We know a lot of qualified lenders, and we can connect you with one that best fits your situation. If you are interested in knowing more about different financing options as you make your move, reach out to us. You can call us or send us an email, and we’ll be happy to discuss your options.