We are excited to announce the return of the Hometown Heroes Loan Program. On October 27th, the Florida Housing Board of Directors approved the allocation of $36 million dollars to the Hometown Heroes Loan Program. This highly successful program assisted over 13,000 eligible first-time borrowers who live and work in Florida. 

Due to the immense success of this program, the decision has been made to fund the program with new assistance on Monday, November 6th. We anticipate that the $36 million dollar funds will be fully committed quickly after the release based on the previous demand for this program. 

After these funds are completed, the anticipation of further refunding for the HTH Program is not expected until sometime in 2024. Reservations for these loans will need to be made for loans that will meet the program's timeline of 60 days from the Loan Reservation to the Loan Purchase by the servicer. So if you are looking to purchase a home in the next 60 days, this is your call to action. The time to get connected with us to check your eligibility for this program is now. If you are considering purchasing a home sometime next year, this is a perfect time to get in contact with us and discuss the opportunity of making a move sooner rather than later. So you can secure a loan while the funds are available. We look forward to hearing from you and assisting you in being the next to get up to $35,000 of the first mortgage loan amount in down payment and closing cost assistance.

Mistake #1Not knowing what they can afford before making an offer.

The best way to avoid this is to get pre-approved for a mortgage so you know exactly how much you can afford. Usually pre-approvals are free.

Mistake #2Not knowing who the agent represents.

Unless an agent is working as your buyer representative, they represent the seller. Many people don't realize this.

Mistake #3Choosing the wrong mortgage.

A bad mortgage can cost you thousands in taxes and interest. Consult an accountant before you choose your mortgage.

Mistake #4Not finding problems with the home before buying it.

You should always have a professional inspector look at the home before buying it, otherwise you could be looking at huge repair costs later on. Read this guide to avoiding a money pit.

Mistake #5Not understanding how their credit can impact their ability to purchase or refinance a home.

Get a mortgage professional to help you go over and prepare your credit file before you buy a home.

Your credit score is now the most important factor in determining how much house you can buy, so if you are in the market for a new home, you need to understand how it affects you.

In order to make it easy for mortgage companies to determine the risk of lending to you, they are using a system called credit scoring (also called "FICO" scores).

When lenders look at your credit report, they can instantly see how much debt you have, how reliable you are with bill payments, and if you've had any bankruptcies within the last several years.

With your credit report, lenders get a "credit score" which takes all of this information and boils it down to a number between 300 and 900. The higher the number, the less of a credit risk you are seen to be, and this is how lenders decide which types of loans you will be eligible for.

As with all new things, there is controversy over credit scores.

To be elligible for some types of loans, you require a minimum credit score without any exceptions. And credit scores fluctuate over time. In fact, the mere act of applying for credit can lower your credit score.

How to make sure you have the highest credit score possible

To maximize your credit score, you should avoid applying for any new credit cards or consumer loans.

Don't go to the discount store and take them up on the "No interest, no payments for one year" offer -- and avoid financing a car!

After you buy your home and get your mortgage you can do all of these things, but before then it's a bad idea. Buying things on credit hurts your credit score, and leaves less money for your downpayment.

Lenders also look at this figure to decide how much money they will lend you, and how much interest they will charge you on the loan.

That's why it's best to wait until after you've bought your home to go shopping for furniture and appliances. There is also another reason to wait.

Once you've bought your home, you can get a loan for up to 100% of your home's value to buy anything you want.

If you learn to play by the rules of the lenders' game, you can get the best credit score possible, which improves the odds that you can get the home of your dreams.

Many people think that serious defects in a home are easy to spot, but the truth is, often the most serious and costly problems can only be detected upon very close inspection. When you are considering buying a home, look for the following six telltale signs of serious problems...

1. Roof

Leaks are the most common problem with roofs, and are tough to detect from outside. However, from inside an attic, you can often see water marks where there is a leak.

2. Plumbing System

Make sure you are confident that both water systems: the one that brings fresh water in and the one that takes sewage out are functioning well before signing on the dotted line.

3. Electrical Systems

Before you agree to buy you should make sure that you can run all of the appliances you want to and even power tools at the same time without having a power failure. You also want to make sure that the electrical system is safe and does not present a fire hazard.

4. Heating and Cooling Systems

Be sure to thoroughly inspect the heating and air conditioning systems in any home you are considering purchasing.

5. Bad Paint and Signs of Rotting

The paint inside and outside the house can reveal a lot about the condition of the underlying material. Check several places on several walls, using your eyes and a screwdriver for poking.

6. Cracks and other important signs

Cracks in walls, doors not closing properly and uneven floors can all be signs that there is a problem with the foundation. If the foundation is not strong, the entire house could literally collapse, so you should carefully check for these signs. A bad foundation may not mean imminent disaster, but it could be used to bargain for a lower sale price, or you could ask to have the owner repair it before the sale.