I just found out about the Florida Heroes' Program from our realtor. Basically Florida issues bonds to help military, fire, police and teachers buy houses. All you have to do is be stationed in FL, and you qualify for the program.
The best rate I could get without it was 6.3-6.5APR, with $0-$10,000.00 in upfront fees.
With it, the rate is currently around 5.68% and 500 in origination fees.
Also, there is no funding fee like a VA Loan.
The program is not advertised, so you have to physically go in and ask about it at a local bank. I used Suntrust on Gulf Breeze to get started
Cheers
The best rate I could get without it was 6.3-6.5APR, with $0-$10,000.00 in upfront fees.
With it, the rate is currently around 5.68% and 500 in origination fees.
Also, there is no funding fee like a VA Loan.
The program is not advertised, so you have to physically go in and ask about it at a local bank. I used Suntrust on Gulf Breeze to get started
Cheers