First-Time Homebuyer Workshop

The City of Miramar offered a First-Time Homebuyer Workshop.
Purchase Assistance is offered by the City of Miramar for first time home buyers. Assistance is provided through federal and state resources when available.
Amount of assistance per household depends on income program guidelines. Prospective buyers must be first time homebuyers. A first-time homebuyer is defined as one that has never owned a home, or one that has not owned a home within the last three years, a single parent with children under the age of 18 who has recently been divorced and displaced, a displaced victim of domestic abuse, or a person displaced as a result of a governmental action. Residents displaced from mobile home parks seeking to purchase a non mobile home unit will also be considered first-time homebuyers. Assistance can go towards down payment, closing costs and principal reduction. Requires no repayment as long as property remains primary residence for duration of affordability period (10 years)

All Prospective Buyers:
® Must meet program income guidelines at time of closing. (See Reverse)
® Assistance varies based upon household's area median income category: Up to to $30,000 for 81-120%, up to 40,000, 50-80% and up to for $60,000 for 50% or less of the area median income
® Must be pre-approved or pre-qualified by a lender participating with the program prior to applying for purchase assistance. List provided by City.
® Must be prepared to contribute at least 1% toward the purchase of the property.
® Must Attend a HUD 8-hour homebuyer's education class and present certificate of completion prior to closing. Certificate valid for 12 months.
® Can use any licensed real estate professional to assist them with the purchase.
® Must Apply for assistance during the application period when open.

All Properties:
® Can be existing or new construction with a certificate of occupancy issued.
® Program is City wide. No target area.
® Must be inspected at buyer's expense. (Applied to minimum 1% contribution)
® Must be appraised at buyer's expense. (Applied to minimum 1% contribution)
® Be owner-occupied once purchased.

Видео First-Time Homebuyer Workshop канала It's Right Here in Miramar