Buying a home in Davie, Florida, can come with financial challenges, especially for first-time buyers or those needing assistance with down payments and closing costs. Fortunately, multiple special financing and assistance programs are designed to support homebuyers in Davie and Broward County, making homeownership more attainable.
State and County Down Payment Assistance Programs
The Town of Davie SHIP Purchase Assistance Program
Davie participates in the State Housing Initiatives Partnership (SHIP) Program, which provides income-eligible first-time homebuyers with up to 10 years of 0% interest deferred loans. These loans can be used for down payment and closing costs, substantially lowering upfront expenses. Applications have defined income limits and require working with participating lenders.​
Broward County Homebuyer Purchase Assistance Program
This program offers a deferred payment loan to assist income-qualified buyers with down payment and closing costs. It prioritizes first-time buyers helping bridge affordability gaps with a 0% interest, no monthly payment loan, repayable upon sale or transfer.​
Florida Housing Finance Authority Programs
Florida offers state-wide assistance programs with grants or deferred second mortgages to address high upfront costs. These are excellent resources for first-time and low-to-moderate income homeowners and often partner with local municipalities.​
Specialized Programs and Grants
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Wheelchair Ramp Program (Davie): Grants for accessibility improvements for qualifying seniors and disabled homeowners.​
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First-Time Homebuyer Incentives: Many programs incentivize first-time buyers with down payment help, reduced mortgage insurance, or tax credits. Davie buyers should inquire regularly to keep up with these evolving offers.
Tips for Leveraging Financing Programs
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Get Pre-Qualified Through Approved Lenders: Most programs require buyers to work with lenders partnered with the financing programs.
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Know Your Income and Credit Limits: Carefully review income caps and eligibility criteria—these vary by program and household size.
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Attend Homebuyer Education Courses: Some assistance programs require completion of HUD-certified homebuyer counseling.
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Act Swiftly on Application Windows: Local funds for programs like SHIP are limited and operate on first-come, first-served principles.
Why Work with a Local Expert?
Navigating special financing programs can be complex but working with a Realtor experienced in Davie’s financing landscape streamlines the process. I can connect you with trusted lenders familiar with these programs and help you identify the best options based on your financial profile and homebuying goals.
Ready to Explore Special Financing Options for Your Davie Home Purchase?
Contact Anthony Spitaleri to discuss how you can maximize local and state homebuyer assistance programs.
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