Great news for first time home buyers in Eustis, Florida!

Now more than ever government backed loan programs helping first time home buyers achieve their dream of homeownership. While talk of a credit crunch keeps some buyers sidelined many others are getting the best deals in years, with low rates and low or no down payments!

Leading the charge is the old standby FHA loan. With as little as 3% down (increasing to 3.5% as of 01/01/09) you can get rates similar to those giving huge down payments. Qualifying is very flexible and most people with credit scores over 580 can qualify. The rules regarding the downpayment are very flexible too. For most buyers their tax refund may be enough, and gifts are allowed!

We also have VA and USDA backed loans that allow someone to buy with no down payment. When you negotiate to have the seller pay your closing costs, often times you can have very little total cash into the deal! Please call for more information on these great government backed programs. As you would expect they are fixed rate and very safe.

Call today and we can have you prequalified in minutes!

Gerry Suarez, Jr.

Your FHA Loan Pro!