Sebring, Lake Placid and Avon Park real estate and homes for sale in Florida -
Dell Realty Team
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To Buy or Sell, Call Team Dell and We Will Treat You Like Family! 863-381-0400
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Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
Dawn Dell of the Dell Realty Team Heartland Real Estate Corp 3200 US 27 South, Suite 201 Sebring, FL 33870 Direct: 863-381-0400 Fax: 863-382-4284 email: dawndell1@gmail.com dellrealtyteam@gmail.com
I am completely commited to all of my clients. We like to say "To Buy or Sell, Call Team Dell and We Will Treat You Like Family".
Real Estate is not a job for us, it is our Lifestyle. We are passionate about what we do, and it shows.
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Sebring, Lake Placid and Avon Park, Florida
- NUMBER1EXPERT® 
