Buying Florida
Didier Malagies is a leader in the Tampa Bay Mortgage industry, serving Pinellas, Pasco, Hillsborough counties, and beyond with his sights set on educating residential and commercial buyers regarding Florida purchases. With over 20 years of expertise, Didier has built relationships with realtors, bankers, and clients based on integrity and his drive to provide the best customer experience in the state by being there from beginning to end of every purchase.
Whether you're looking to move, invest, start a business or expand, Didier will share everything you need to know on his show every week.
Didier Malagies nmls#212566/DDA Mortgage nmls#324329
Buying Florida
1% down program , tune in and see if you qualify
Program Overview
Borrower Contribution: You pay 1% of the purchase price as the down payment.
Lender provides a 2% grant, bringing your total to 3% down, which is the typical minimum for conventional loans.
For example, on a $250,000 home:
You pay $2,500 (1%)
Lender adds $5,000 (2%)
You start owning 3% equity from day one
Eligibility Requirements
To qualify for ONE+, you must meet all of the following:
Income: At or below 80% of your area's median income (AMI)
National Mortgage Professional
Credit Score: Minimum FICO® score of 620
Property Type: Must be a single-unit primary residence (no second homes or investments)
Loan Limit: Loan amount must be $350,000 or l
Total Down Payment: With their 2% grant included, your total down payment cannot exceed 5%
Mortgage Insurance (PMI)
Despite the grant taking you to 3% equity, the program does require mortgage insurance (PMI).
National Mortgage Professional
The Mortgage Report
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didier malagies nmls#212566
dda mortgage nmls#324329