Home Buying Resources for Florida Residents

Purchasing a home is a lifelong dream for many people that live in the state of Florida. However, it can also be a complicated process.

Whether you are interested in new construction in Tampa FL or any other part of the state, it is imperative that you have the right resources at your disposal so that your home buying process goes as smoothly as possible. These resources will arm you with the information that you need to help you get into the kind of home that is ideal for you and your family.

The Department Of Housing and Urban Development In Florida
The U.S. Department of Housing and Urban Development (HUD) was created to help bring stability and sustainability to housing markets across the United States. Through new construction in Tampa FL and renovations in all areas of the state, HUD helps preserve affordable housing for all Florida residents.

The HUD’s Florida web site provides helpful information and resources for Florida residents such as homes that are for sale, information about contractors, and steps on how to avoid and report predatory lending. On the HUD web site you can also find links to many other helpful resources for buying a home in Florida.

The Florida Housing Finance Corporation
Founded decades ago by Florida legislature, the mission of the Florida Housing Finance Corporation is to help Floridians have access to affordable, quality housing. Some of Florida Housing’s best programs are the State Housing Initiatives Partnership (SHIP), which provides funds to local Florida governments for housing partnerships, the Predevelopment Loan Program, which gives competitive rates on financing for organizations developing affordable housing, and the Affordable Housing Catalyst Program, which offers technical assistance to organizations looking to help meet affordable housing needs in Florida.

For first time home buyers in Florida, the Florida Housing First Time Homebuyer Program offers low interest, fixed rate mortgages as well as closing cost assistance for individuals and families. First time home buyer assistance applies to both new construction in Tampa FL and existing homes in Tampa and other areas of the state. The Mortgage Credit Certificate Program (MCC) similarly helps first time home buyers save money by allowing them to claim up as much as 50% of the mortgage interest that they pay each year as a credit on their IRS tax return.

Bankrate’s Florida Mortgage Rate Comparison
Bankrate is a site that specializes in helping people get the best possible rates on banking products like credit cards, car insurance, auto loans, and mortgages. Using the tool to compare Florida mortgage rates will allow you to see the different banks in various cities of North, Central, and South Florida that offer mortgages and what their current rates are. This can be a very effective way to find the most competitive loan for your housing purchase, whether you are commissioning new construction in Tampa FL or you are buying an existing home.

An essential site for learning about Mortgages, Mortgage101 offers some great tools and information for home buyers. You can visit their lender directory to find information about where to get a mortgage in your state for purchasing or refinancing. Their mortgage calculators will help you estimate what your roughly payment will be each month on your home, including taxes and insurance. With the Mortgage101 Mortgage Library, you can research the various types of mortgages as well as important things that you should think about during the entire process of searching for a home and applying for a home loan.

Purchasing a home is a complicated process no matter where you live. Luckily for Floridians, there are numerous resources available to help with this task. Whether you are pursuing new construction in Tampa, FL or somewhere else in the state, take advantage of these resources so that you can simplify the home buying process and get into the house of your dreams.


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