Today, I’m joined by special guest Rhett Delaney from Movement Mortgage to help me explain how first-time homebuyer programs can help you save.

But, who qualifies as a first-time homebuyer? According to Rhett, a first-time homebuyer is anyone who hasn’t owned a home in the last three years. There are a lot of different programs out there to fit people who fall under this qualification.

These programs include grants, non-interest bearing loans, and also something called Florida’s Hardest Hit Program, which can provide up to $15,000 toward closing costs for first-time homebuyers.

This money comes in the form of a forgivable grant. So if you live in the house for at least five years, you’re not required to pay back the $15,000. Though to qualify for Florida’s Hardest Hit, there are some stipulations.

“Don’t hesitate to take advantage of this program.”

First of all, your credit score must be 640 or above. Also, depending on your county and whether you’re using a conventional or FHA loan, there will be an income requirement ranging from $60,000 to $80,000.

It’s important to note, though, that only one person in a household must qualify to obtain this grant. These funds are available now, but are on a first-come, first-serve basis. Don’t hesitate to take advantage of this program. If you work with Movement Mortgage, the pre-approval process will take just 24 hours and underwriting will take just one or two days.

So, if you are a first-time buyer looking for a home and would like help, have any other questions, or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.