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Military Special     

Military Special

 

.www.mclaughlinrealty.comSpecializing in serving all branches of the military: US army, Air Force, Marines, Navy and the coast Guard, to include both active duty and reserve.
 

Served in the military for over 20 years, thus providing me a better insight in understanding of the housing needs, permanent change of station, temporary change of station, VA home loan for Veterans and such.


Please contact me for all of your housing needs.  As in any branch of our services, we are known to accomplish any given mission under any circumstances.  This is the same mentality that I will use in helping you obtain your housing desires, be that, Selling, Buying or Investing.


And to show my continued commitment to my fellow military peers, I will provide some monetary assistance to any military personnel at closing, be that on either selling or buying a house.  Please contact me for details on this military special offer

 

                           www.McLaughlinRealty.com

A look at the program . . .

Proud Pinellas is an exciting new homeownership opportunity for Pinellas County veterans who have honorable served their country.  Pinellas County recognizes the unique sacrifices of our military personnel and is proud to offer this program especially designed for the men and women of the armed forces.

Here is how it works . . .

You buy the home minus the cost of the land, which saves you money.  A modest lease payment for the land is made to Pinellas Community Housing Foundation and you enjoy all the same benefits of traditional homeownership.

The program provides . . .

Upgraded homes with amenities designed to help reduce monthly maintenance costs with energy efficient improvements.

Provides veterans homeownership with an affordable home with the same benefits and responsibility of traditional homeownership at a lower purchase price because the cost of the land is removed.  A modest ground lease fee is paid monthly to the Foundation.

Provides and preserves affordable homes for future generations.
Provides a Homebuyer Education Class to prepare them to become successful homeowners.  (Required)
On-going support for homeowners to ensure success.
Homes are move-in ready.

Do I qualify?

To qualify, you must meet the following criteria:

Must be able to qualify for a VA mortgage.www.McLaughlinRealty.com
Homes must be owner occupied and certain income limitations

What if I still have questions? 

Support is there when you need it.

REALTOR McLaughlin, his team, and the people at Proud Pinellas work with you every step of the way making the process easy and fast.  You will enjoy free homebuyer education classes to prepare you for your home buying experience.  Realtor McLaughlin will ensure that ongoing support and information are provided to homeowners to ensure continued success.                                                                                                                                                               

                                                                                                                                                                                 

 

NEIGHBORHOOD STABILIZATION PROGRAM

Pasco County has received $55 million from the Department of Housing and Urban Development to help homebuyers purchase foreclosed and abandoned homes in order to stabilize neighborhoods.  Pasco County is using these funds to assist homebuyers with their down payment and closing costs so they can get into a safe, decent, and standard home.  This is a program for homebuyers, not investors.  We want more homeowners in Pasco County.
 
Who is eligible for this program?

Applicants who make less than 120% of the median income for the Tampa Bay area may apply for assistance.  This is adjusted for family size.  Currently, this is as follows:
 

Family Size

1 Person

2 Persons

3 Persons

4 Persons

5 Persons

6 Persons

Low Income

$19,900

$22,750

$25,600

$28,400

$30,700

$32,950

Mod Income

$47,760

$54,600

$61,440

$68,160

$73,680

$79.080

 

You do not have to be a first-time homebuyer to participate in this program, nor be a current Pasco County resident.  You must attend a County-sponsored Homebuyer class in order to receive assistance, and before you sign a contract to buy a house.
 

Pasco Opportunity Program

The Pasco Opportunity Program (POP) is a partnership between Pasco County and several not-for-profit agencies.  These agencies buy homes, have them repaired, and make them available for sale.  The houses have been fully rehabilitated, modernized and have been made energy efficient.  Please contact these agencies directly for the homes and programs they offer:
 

Habitat for Humanity for East and Central Pasco (352) 567-1444 www.McLaughlinRealty.com
Keystone Challenge Fund (863) 682 1025
Tampa Bay CDC (727) 442-7075
West Pasco Habitat (727) 859-9038
Workforce Housing Ventures (352) 458-4635 or (800) 537-9371


How do I apply for assistance?

In order to apply for assistance, you must apply through one of the partner financial institutions that have signed agreements with the County.  Lenders must agree to certain requirements of the NSP, and sub-prime loans are not allowed.  When you apply for a mortgage loan at one of these financial institutions, they will make an initial determination on whether you need and are eligible for Pasco NSP funds.  If you do, they will reserve funds in your name with the Community Development Division.  You do not apply through the County for these funds. 
 

How much County money can I borrow?

The amount of County funds that are available first depends on how much the financial institution is able to lend you and how much you can put down.  There is a limit on how much can be lent, depending on your income level and your occupation:

 

Low Income:

50% of Sales Price

Moderate/Middle Income:

$20,000


If you are an essential service employee, you may qualify for an additional $10,000.  Essential service workers are defined as government employees, School Board employees and other educational employees, including private education and higher education, law enforcement personnel, active military and retirees; and health care workers. 
 

The County homebuyer assistance cannot be more than 50% of the sales price in any case.  Prospective homebuyers at the Low Income (below 50% median income) level cannot purchase a house with an original contract price of more than $100,000.
 

Do I have to put any of my own money into the purchase?

You do have to put some of your own money into the purchase of the house.  We do not differentiate between your down payment, closing costs, or other pre-paid items.  The amount that you will have to put down depends on your income level and the sales price of the house:
 

Income Level

Minimum Investment

Low Income $500

Moderate/Middle Income

$1,250

 

Do I have to pay these Pasco County funds back?

The funds that come from Pasco County will be in the form of a 0% interest loan.  They will have to be paid back to the County.  The funds that are paid back will help other families buy homes in the future.  The term of the payback is variable depending on your ability to pay.  You will have a term of up to 30 years to pay off your loan.  If Pasco County determines that you cannot afford to pay back the loan immediately, the loan will be deferred for five years.  At the end of that time, you will start making payments.
 

Homebuyers who can immediately make payments may have a higher amount.  Under no circumstances can a payment be less than $25 per month.  You will know before you close what your payments will be and when you will begin to make them.  If the property is rented or the homebuyer moves out, the loan will become immediately due.
 

This is a program for homeownership.  Pasco County is giving you a large subsidy, because we know that neighborhoods with high homeownership rates generally have people that take care of their property, look after each other’s kids, and have less crime.

Contact Realtor McLaughlin for further information on how he can help you buy your home with a Pasco County financial assistance.

 

VA HOME LOAN BENEFIT

DID YOU KNOW THAT                                                                                                                                                                          

As an Honorable discharge US Armed Forces Soldier, you are entitled a VA Home Loan.  This type of loan have many benefits attached to it.  That is why you should apply for it and take advantage of the many benefits in buying a home.  Simple download, print, complete and mail it to the VA. To make it easy on you, we are providing you with said application in the form of a PDF.  Click on the figure to your left for it - VA Form 26-1880 application to obtain your Certificate of Eligibility (COE)

 

Here are some benefits which you receive with your VA Home Loan:

  • 1. No down payment
  • 2. Interest rates are negotiable
  • 3. Appraisals are processed electronically to serve you faster
  • Closing cost paid by the veteran are limited
  • No mortgage insurance premium
  • Mortgage are assumable
  • VA assist Veteran borrowers in default on a VA - Guaranteed loan who are experiencing a temporary financial hardship.

 

VA eBenefitsYou may also complete this application online for faster service.  Just click on this figure to connect directly with this VA site.  Our loan officer can also obtain it for you.  However, it still advisable that you apply for your own and safeguard it, just as you would guard a DD 214.

 

 


 


                                                          



 

 

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