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First-time homeownership is a reality

First-time homeownership is a reality

In Florida, Federal and State programs make it easier for first-time homebuyers to qualify for a loan.

Homeownership can feel out of reach, especially if you’ve never purchased a home and aren’t sure whether you’ll qualify for a mortgage. Hurdles such as affordability, credit history, and market prices keep many people from achieving their goal of owning a house.

Fortunately for Floridians, federal and state programs and mortgage products are aimed at first-time homebuyers to help ease the burden and make homeownership possible and lasting.

There are several programs, offered by most lenders, that are always worth considering, especially if you need flexible credit requirements or low-down-payment options.

“FHA loans are the most popular type of first-time home buyer loans used to purchase a home,” says William Ledesma, a Senior Loan Officer. This is the go-to program for many first-time homebuyers with lower credit scores. The Federal Housing Administration (FHA) allows down payments as low as 3.5% for those with credit scores of 580 or higher.

“Most importantly, despite all the available options out there in the market, is to provide the most accurate advice to first-time homebuyers so they can not only obtain a loan but get to cover it monthly,” added Ledesma.

In most cases, clients need support and advice; they need a helping hand. “That’s why not only we consult clients about procedures to apply for mortgages, but we make special emphasis on helping them organize their finances, to choose the right program that suits their needs with the most beneficial interest rates.”

In most cases, first-time homebuyer programs apply to more people than the title may imply, including those who have never owned a home, people wishing to be sole owners of a property and others who lost their home to foreclosure three or more years ago.

See Also

The path to homeownership may involve qualifying for one or more program options. “Among the many available options, besides FHA loans, we specialize in different first-time homebuyer programs such as Conventional Loans, Home Possible, or 101 Advantage. Additionally, we consult clients on various assistance programs as Buyers Incentive Program or Down Payment Assistance. We intend to provide families with the best loan,” he said.   William is an associate of PRMG mortgage corporation, a leading lender in the mortgage industry that for more than two decades has successfully helped many borrowers purchase and refinance their homes nationwide.

“We care to help the client to get the best loan. Many people want to get into the business to make money, and not to do good to people. We focus on the people and their needs”, concluded William, who has been active in the industry of mortgage banking and residential home lending since 2005.

For more information call 786-517-4600, or visit

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