If you currently own a home you can still use the program in the Pinellas County (as long your previous property is rented).
PRIDE OF HOMEOWNERSHIP
We can help you get your dream home! We help you get the following:
(1) Down Payment Assistance Program from your county or city that will help you purchase your home with very little down payment.
(2) We also provide you with the FHA or conventional financing for the home.
(3) We will recommend an experienced real estate agent in down payment assistance properties, to help you find your dream home.
In the event your credit scores are too low - we help you fix your credit - free of charge for our clients.
We offer 3 ways you can purchase a home with almost no money out of pocket, using:
(1) County or City Down Payment requires 1% to 2% from your pocket depending on the property location.
(2) 3.5% FHA Loan and requesting 6% seller concessions, requires 3.5% from your pocket the property can be anywhere in Florida.
(3) Combo Loans: The 1st loan covers 96.5% + 2nd loan covers 3.5% + 6% seller concessions, requires $800 from your pocket the property can be anywhere in Florida.
Free Services:Credit repair: we dont charge for the service, you only pay $25 for your credit report.
Step 1: Pull Credit Report Step 2: What to do
Secured Credit Cards:Apply for a secured credit card to help you build your credit history or increse your scores!
Escrow/Deposit $1000 + Inspection $300 + Appraisal $485 + The day of closing $39.48
Escrow/Deposit $400 + Inspection $300 + Appraisal $485 + The day of closing $14.41
Escrow/Deposit $1000 + Inspection $300 + Appraisal $485 + Appraisal re-inspection $150 + The day of closing $17.57
Escrow/Deposit $1000 + Inspection $300 + Appraisal $485 + The day of closing $35.00
Escrow/Deposit $1000 + Inspection $300 + Appraisal $485 + The day of closing $257.38
Escrow/Deposit $1000 + Inspection $300 + Appraisal $485 + The day of closing $75
Escrow/Deposit $500 + Inspection $300 + Appraisal $485 + The day of closing $295.28
Escrow/Deposit $1000 + Inspection $300 + Appraisal $485 + The day of closing $276.79
Step 1 - Check Income Limits:
All home buyers may qualify for some type of down payment assistance federal, county or city!
We offer different down payment programs; City DPA (requires 1% down), County DPA (requires 2% down) and Federal FHA (requires 3.5% down). This website is sponsored by Generation Mortgage your down payment assistance experts.
Step 2 - FHA Requirements:
-Min Medium Credit Score 620+
-Collections no more than $2000 (medical don't matter)
-No judgement or lawsuit or middle of divorce
-2 years employment W2 (no gaps)
if Self Employed 2 yrs tax returns
-No DISPUTES in your credit report
-$1,500 Cash out of pocket (estimate depends on the City)
-No Bankruptcy in the past 2 years, No Foreclosures or Short sales in the past 3 years
-No Late Payments on your rental (copy of past 12 checks)
-3 open accounts in credit report (1+ year history)
-No NSF in bank account (past 2 months)
Step 3 - Apply Online:
It's time to complete the online application and provide your name SS number, DOB, income, employer name, etc. Click the button below and complete all required fields marked with a red *
or apply in-person at our offices 2100 4th St N, St Petersburg, FL 33704 call for an appointment 727-642-1166.
Step 4 - Proof of income:
Send us a text message with a picture of your paystub and 2017 W2 @ 727-642-1166 for income verification (or fax it to 727-490-2938)
Step 5 - Pull Credit Report:
You don't need to have perfect credit! The Down Payment Assistance Program requires a minimim of 620+ mid score. In case you have lower scores, we will help you repair your credit and increase your scores.
Don't forget to pull credit report, without this we can't process your application.
Income calculated based on TOTAL HOUSEHOLD INCOME, not just the loan applicant. (including child support, disability and any income that you may receive and/or be reflected in your bank statements). Household consists of all the people who will be living in the same home.