Cape Coral Florida's Real Estate Guide

There has never been a more exciting time to purchase SW Florida property. Cape Coral, Florida is brimming with employment opportunities, a beautiful, tropical climate, safe neighborhoods, and a vacation atmosphere that is truly a slice of paradise.

Home ownership has long been a part of the American dream, and while Cape Coral real estate prices are still low...it can be a part of YOUR dream.

Florida has several First Time Home Buyer programs, which can help you with everything from securing a low, fixed-rate mortgage, to assistance with your down payment and closing costs.

Unfortunately, many potential home buyers are unaware of the programs available to them, feel that they won't qualify, or are simply overwhelmed by the lack of information on specific programs. Yes, there are several, and they can be confusing without the proper help. Here's the breakdown of steps you will need to take in order to take advantage of the programs that you may qualify for.

First Time Home Buyer Programs: Step-by-Step

Your first step in the right direction is to find a qualified realtor to walk you through the steps. An experienced real estate professional will be well acquainted with available homes in your price range, and will seamlessly guide you through the entire process. Your real estate agent is already aware of qualified lenders who handle specific First Time Home Buyer programs, and will take the confusion out of the process.

A Breakdown of Available Programs

These are the current programs available to First Time Home Buyers. With down payment assistance and low fixed-rate mortgages, these programs are specifically designed to make home ownership a reality for your family.

Florida First Program: Qualified home buyers are eligible for a 30 year fixed rate mortgage, as well as down payment and closing cost assistance.

Military Heroes / Community Heroes Program: Cape Coral, Florida is becoming an up and coming area for veterans, especially with the new medical and community center in the works. The Military Heroes program offers a 30 year first mortgage loan designed to help veterans as well as current military personnel. Qualified applicants may also be eligible for a low interest rate loan, as well as down payment and closing cost assistance. The Community Heroes Program offers the same assistance as the Military Heroes Program, but extends the offer to police department employees and firefighters, full-time employees of the school system, as well as certain healthcare workers. 

Florida Assist Program: Designed specifically to help with the down payment and closing costs, this program can assist borrowers with up to $7,500. This amount becomes an interest free, deferred second mortgage that is repaid at the end of the first mortgage, or when the home owner sells the property. 

What Are Some of the Qualifications?

A few of the primary qualifications include a FICO score of at least 600 and successful completion of a home buyer education class.

We will be happy to assist you with information on other qualification requirements and help you to turn your dreams of home ownership into reality. Call us today. You'll be glad you did!