Financing: Bond Loans

If you are looking for a no-money-down purchase mortgage, a bond loan may be perfect for you. A bond loan is basically an interest free loan to help you with an initial investment and closing costs. Bonds are issued by the local or state government for this program and have helped thousands of Florida families purchase new homes over the years.
Here are some of the features and benefits of a bond loan:

  • – They are currently associated with an FHA loan (you obtain an FHA loan with a bond)
  • – Household size and income is considered when qualifying
  • – The interest rate for bond loans changes from time to time
  • – Currently bonds are $7,500 or $10,000
  • – Bond money can be used for theĀ initial FHA loan investment of 3.5%
  • – Bond money can be paid towards closing costs
  • – There is a very low $1,000 investment asked of the borrower(s)
  • – There is no monthly investment to pay back the bond
  • – The bond is paid back when you sell or refinance your new home (other rules may apply)
  • – First time home buyers, or people who haven’t owned a home in 3 years, may qualify

Obtain a FREE online pre-qualification by submitting the form now, or call or text (863) 640-2246 to learn more today!