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Hillsborough county first time home buyers programs
By Dan Nappi | February 8, 2008
The first time home buyer is back in the game.
With the low interest rates and affordable housing now available in Hillsborough county now is a great opportunity for all the first time home buyers.
Hillsborough County’s First Time Home Buyer Program provides downpayment Assistance, Closing Cost Assistance and Homeownership Education. These funds are provided by Hillsborough County through (SHIP) Program and through the HOME Investment Partnerships (HOME) Program.
This assistance is provided in the form of a 0% interest, deferred payment loan payment. This means that there is no interest accrued and no payments are made during the life of the loan. The DPL is a second mortgage with a 30 year term. If ownership is maintained for the full term of the loan, then the second mortgage with Hillsborough County is forgiven and repayment is not necessary.
If you are a first time buyer in Hillsborough county there are some great programs offered by the county to assist in down payment assistance and education on the home buying process. For more information on the Hillsborough county first time home buyer programs contact your favorite Tampa Realtor experts today!
Topics: First Time Buyers |