First Time Home Buyer Bond Program~

First Time Home Buyer Bond Program
Up to $7,500 offered by the Escambia County Finance Authority

The Escambia County Finance Authority offers a bond program for first time home buyers in the Pensacola area. This bond program allows for up to $7,500 towards buyers closing costs and down payment.

Here is Rachael Springfield, senior loan officer with Caliber Home Loans explaining what the program is.



How do you qualify for the Escambia County Finance Authority Bond Program?
Contact a local lender to see if you can qualify for a mortgage. They can pre-approve you for a mortgage and verify you meet the requirements of the program.  For this program, a first time home buyer is only considered to be someone who has not owned a home in the last three years.

The bond offers an affordable interest rate for a first mortgage and acts as a second mortgage and is repaid when the home is sold. It can be used with FHA, VA, and conventional mortgages.

The program also has some targeted areas in Escambia County which allow for increased incentives and are easier to qualify for. Ask your lender to provide this list of targeted areas for you! The Florida bond is offered in 13 Florida Counties including locally Escambia County, Santa Rosa County, Okaloosa County, and Walton County.

Income limits for Escambia County currently range from $63,300 to $88,620 depending on size of household and location of the home. To contact Rachael, give her a call at (850) 259-0979 or visit her website.

For more information about the Escambia County Finance Authority, visit their website or give them a call.

We are happy to help you make the transition from renting to purchasing!  Give me a call or email me. Comment below or contact us if you have any other questions.

Thanks and have a great day,
Nicole St. Aubin, Broker Associate
Realty Masters of FL~ (850) 473-3983
4400 Bayou Blvd. #58B, Pensacola, FL 32503
#1 in Pensacola Rental Houses & Apartments
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