At VMAL Lending LLC, we are dedicated to helping you achieve your dream of home ownership in Florida. We offer a range of programs to support first-time home buyers and veterans, ensuring that everyone has the opportunity to own a home in our beautiful state. Our friendly and professional team is here to guide you through the process. Contact us at 786-622-2224 for more information.<\/p>\n\n\n\n
Our program provides a non-forgivable silent second lien position of 5% of the purchase amount<\/a>, with a minimum of $10,000 and a maximum limit of $35,000. This assistance helps bridge the gap for many buyers, making home ownership more accessible and affordable.<\/p>\n\n\n\n For our home ownership programs, borrowers must be employed full-time by a Florida-based employer. This means your employer must have a brick-and-mortar location in Florida where you report to or work from. However, veterans are exempt from this requirement when providing a valid DD214, meaning they do not need to meet the full-time employment status or work for a Florida-based employer.<\/p>\n\n\n\n To qualify as a first-time home buyer, occupying borrowers must not have had an ownership interest in their primary residence within the last three years. There are exceptions to this requirement:<\/p>\n\n\n\n To ensure the affordability of homes, we have set income and loan limits based on the county where the property is being purchased. These limits ensure that our programs reach those who need them most. <\/p>\n\n\n\n Borrowers purchasing in a Federally Designated Targeted Area are exempt from the first-time home buyer requirement. For eligible census tracts, please refer to our program guide.<\/p>\n\n\n\n At least one borrower must complete a program-approved home buyer education course. This can be done in-person or online and must meet standards defined by Housing and Urban Development (HUD) or the National Industry Standards for Home ownership Education and Counseling. Veterans qualifying under the Veterans Exemption are not required to attend HBE unless they are participating in the HFA Preferred or HFA Advantage programs. Education provided by a mortgage insurance (MI) company is also acceptable if it meets the required standards. Certificates of completion are valid for two years.<\/p>\n\n\n\n Our team at VMA Lending LLC is here to help you navigate the home ownership process. Whether you’re a first-time home buyer<\/a> or a veteran, we have programs designed to meet your needs. Contact us today at 786-622-2224 or make an appointment <\/a>to learn more about our offerings and how we can assist you in becoming a homeowner in Florida.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" At VMAL Lending LLC, we are dedicated to helping you achieve your dream of home ownership in Florida. We offer a range of programs to support first-time home buyers and veterans, ensuring that everyone has the opportunity to own a home in our beautiful state. Our friendly and professional team is here to guide you […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2558","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tFlorida-Based Employer Requirement<\/h4>\n\n\n\n
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First-Time Home buyer Requirement<\/h4>\n\n\n\n
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Income Limit and Loan Limits Requirements<\/h4>\n\n\n\n
Federally Designated Targeted Area Exemption<\/h4>\n\n\n\n
Home buyer Education (HBE)<\/h4>\n\n\n\n
Get Started Today<\/h4>\n\n\n\n