Whether building your first home with one of many Brevard County builders, or finding an existing home of your dreams, have you saved enough to reach your goal of owning your first home?  Savings should include enough to cover any down payment requirements, closing costs and prepaids (property tax and homeowner’s insurance escrows).  That is, unless $10,000 would help you reach your goal of Brevard County home ownership sooner. 

Embrace Home Loans participates with The Brevard County Housing Finance Authority or Brevard HFA to help qualified Brevard County first time home buyers with financial mortgage loan assistance.  This assistance comes in the form of a 0% (no monthly payment) 2nd mortgage for up to $10,000!  This can help cover down payment, closing costs and/or prepaids for your first home purchase.

Another benefit for qualified first time home buyers is the Mortgage Credit Certificate.  This allows the buyer to save money each year they own the home. Qualified first time buyers can deduct 50% of their annual mortgage interest up to $2,000 as a tax credit while the other 50% remains a deduction.  This credit is available each year as long as the buyer owns their home and the 1st mortgage is outstanding. 

Brevard County first time buyers should consider the advantages available when seeking to build or purchase their dream home.  For more information on this and many other mortgage programs, please call 800.333.3004 ext 3560 and ask for Stephen or email directly at sthaggard@embracehomeloans.com.

Stephen Thaggard, NMLS 356309,  Sr Loan Officer, licensed in Florida,

Embrace Home Loans, NMLS 2184,  485 N Keller Road, Suite 550, Maitland, FL 32751