Programs for First Time Home Buyers

Mortgage Credit Certificate (MCC: Broward County)

The Housing Finance Authority of Broward County has launched a Mortgage Credit Certificate (MCC) program to help reduce home loan financing costs for qualified homeowners in Broward County.

The MCC program entitles qualified applicants to a federal income tax credit in an amount of up to $2,000 annually. This enables qualified owners or buyers, who owe federal income taxes, to benefit from a dollar-for-dollar reduction of their tax bills. Additionally, the homeowner will continue to receive the tax credit each year they continue to live in the home financed under the MCC program.

The MCC program is not a mortgage; however, it may be used in conjunction with a first mortgage. Borrowers must meet standard mortgage underwriting requirements, which demonstrate credit worthiness, and meet the MCC program's income and home purchase price requirements.

FHA Loans

Another excellent option at the national level is an FHA loan backed by the Federal Housing Administration. If you are eligible for this type of loan and you have a qualifying credit score, your down payment could be as low as 3.5%. You may choose between a fixed or adjustable interest rate. In either case, the interest rate, like the down payment, should be lower than it would be for an equivalent conventional loan.

Other Government-Backed Loan Programs

You also should not overlook other government-insured loan programs. If the house you are planning to buy is located in a USDA-defined "rural" zone, you might be eligible for a USDA home loan with zero down payment. Another type of loan with zero down is a VA loan. You may be able to qualify for this program if you are a veteran, active duty service member, or a surviving spouse of a veteran.

Conventional loans for First Home Buyers

If a government-insured loan program isn't right for you, both Fannie Mae & Freddie Mac offer a 3% down Conventional loan. By using the standard 3% down loan, a first time home buyer can purchase their home with little money out of pocket. Fannie Mae's Home Ready & Freddie Mac's Home Possible programs also feature reduced rates & mortgage insurance for qualified buyers.

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Premier Lending Corp

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Mitchell Jackson

18:08 02 Feb 23

Great service and helpful!

Jason and Casey Demata

16:08 02 Feb 23

It was a pleasure working with the Premier Lending, specifically Michael Savitt and David Civita. From the beginning they were always forward and transparent with how they would approach things. They were very friendly and personable, available at almost any time we needed help. They got results and they got them fast! We were working with another lending company and ended up choosing Premier due to their amazing rate and better customer service. As a first time homebuyer the process can be very intimidating but they walked us through everything and set us up for success. Thank you Mike, Dave, and the entire Premier Lending Corp team!

Pierre Davila

21:30 01 Feb 23

Jordan was excellent.Great service from start to end, help us on everything and any difficult moments during ur refinance process.Very patient and communicative I will highly recommend Jordan for any purchase loan or refinance of the properties and definitely will use his services in the future.

Derek Bennett

23:02 23 Jan 23

Alexis Vanlandingham was an absolute pleasure to work with! She was incredibly punctual, very communicative, and went well above and beyond to make sure everything was perfect! I could not be happier with my service.

Alexander Castro

18:50 23 Jan 23

David at Premier was fantastic and I'd absolutely recommend him to others looking to get financing for their needs.He was very professional in being able to keep me up to date on options, rates, and communicating with various parties to ensure there were no issues (home purchase).Anyone who is looking for help with getting financed should definitely consider working with Premier, they are in my eyes a very reputable company.

Kristin Gibson

21:22 06 Jan 23

Jordan was fantastic! He helped us through every step and moved things along incredibly quickly. He helped us get a reasonable rate and all went smoothly. I highly recommend him! Thank you, Jordan!

Tatiana Hincapie

15:46 21 Dec 22

Buying my home was an amazing experience thanks to Alexis. She is smart, quick and very efficient. I was nervous about this whole process but she makes everything effortless. I am all ready a walking ad for her-I cannot stop telling my friends and family about our experience. Thank you Alexis! We are so grateful for all of your help!

Jaimie Abert

15:48 07 Dec 22

Jordan Nicolosi made the refi process as easy as it could be. He understood our needs, was great with communication, and helped us meet our goals. Highly recommend!

Jared Shulman

19:35 06 Dec 22

If you plan on doing ANYTHING with your mortgage needs, if you do not use Jordan Nicolosi at Premier Lending, you are doing it wrong. We learned firsthand that Jordan is the best in the business from start to finish was there for us every step of the way. Any issues that came up or roadblocks, Jordan took care of us immediately to make sure the process was going as planned. I can not THANK and RECOMMEND Jordan enough!! Thank you so much JORDAN YOU ARE THE BEST !!!!

Sherry Lebowitz

18:16 02 Dec 22

David Parilla is an amazing lender! I sent him a very difficult deal for a client and he closed it smoothly!

Liana Botta Cruz

00:42 01 Dec 22

I have to say David Perilla my mortgage broker was amazing and making this process which can be very stressful run very smoothly with no glitches or hiccups I will definitely recommend

Michael Raben

22:36 30 Nov 22

David Perilla was nothing short of a miracle on this deal. Without David, there was no chance that we would have been able to successfully close 3001 NW 4th terrace and deliver a home to the buyer. Premier Lending Corp; David Perilla in particular, has continued to be leading by example. They have set the standard high and as a realtor in the busy South Florida market, its pertinent to have such a professional and easy to work with company. I recommend Premier Lending and David Perilla to any and everyone who is interested in purchasing or refinancing.

ilisoren

22:16 30 Nov 22

Thank you David Perilla, for all your assistance in helping our customers cross over to first time buyer status! They are so pleased with your professionalism, and knowledge, not to mention your communication was on point which really matters to me!Looking forward to working with you in the future! “Let’s make it REal!”Iliana J Sorensen, KW Realty Miami Lakes

alyssa perez

22:16 30 Nov 22

David Perilla with Premier Lending Corp was absolutely amazing! He made the process for my family and I to find our home very smooth. He was available at all times even when he left out of the country. He made sure we were satisfied and exceeded our expectations in every way. Thank you so much!

Julie Miller

01:15 21 Nov 22

Juan was amazing! Some of the best professional services customer service we've ever experienced. He is knowledgeable, proactive and puts customer's needs first. We would definitely recommend him to others and would use him again in the future.

Brenna Rassmann

19:36 17 Nov 22

As first time home buyers, we were very thankful to have Juan guide us through the home buying progress. He did a phenomenal job keeping us in the loop as the process went on and definitely looked out for our best interests from the beginning through the end. We will definitely reach out to Juan and Premier Lending whenever we need these services again.

rena deopersaud

18:05 17 Nov 22

David Perilla is a savior and an exceptional individual. Premier Lending is very fortunate to have him on board. He was always available to take my calls even while on vacation and jumped through hoops to ensure my loan closed on time. Thank you David, keep up the great work. Definitely will use Premier Lending for my future needs.

Malik Ahmad

16:17 17 Nov 22

Cindi was fantastic through the whole process. Helping out with everything from technical issues, explaining the process, and even giving her honest opinion on our situation. Would highly recommend.

Joseph Santino

18:58 27 Oct 22

My son recommended Jordan and his team at Premier Lending. Over the past year we have been under multiple contracts, and had multiple deals fall through. Jordan was there every step of the way. He put the time in to every possible deal, and was always so encouraging. All of those lost deals finally led us to the perfect place. When a few last minute changes threatened the deal Jordan was able to handle everything quickly, without issue, and keep us in position to close on time. I couldn’t be more happy with the job Jordan and his team did to help me through process.

stephen shavers

18:05 13 Oct 22

Jordan did a fantastic job for me. He was very prompt with getting everything to me, and made the refinance process pleasant.

Adrian Rodriguez

18:04 13 Oct 22

David made this whole process run so smoothly. Anything that I needed he was always there to help. 10/10 would recommend!

Julian Barcelo

18:07 07 Oct 22

Had a great experience with David Perilla. He was on top of everything and was very quick & efficient, always answered my phone calls whenever I needed something for my clients. 10/10 !

Melvin Cordova

18:07 07 Oct 22

australia palmers

23:03 06 Oct 22

I had a great experience with David Perilla, at Premier Lending. He is very professional, patience and extremely experienced. I am honestly recommending him to all of my clients and anyone who i know needs a home loan, because He will do whatever it takes to help the client. Thank you so much for all you have done for us. 😊🙏 May God bless you always 🙏

Sara Bergida

20:07 22 Sep 22

I had the pleasure of working with Alexis VanLandingham for my loan and she is AMAZING!! Highly recommend if you are looking for someone professional, responsive, knowledgeable and genuine. She made this experience truly easy and I am so grateful!

Giovanni Velez

12:50 20 Sep 22

Thank you Alexis for helping us refinance our loan. You made the process run smoothly and never missed a beat.

RONALD WABOMNOR

16:12 16 Sep 22

Johanny and his team were amazing from start to finish. As a first time home buyers, he was very patient and walked me through exactly what to expect. Johanny answered all my calls, texts, and emails in less than 2 hours regardless of the time or day of the week. My realtor was sooo impressed with Johanny as he had us ready to close in less than 3 weeks. He had truly made this home buyer process EASY, especially in this market. I’m beyond grateful and can’t wait to work with him again!

Candice Xavier

01:07 14 Sep 22

Jordan Nicolosi with Premier Lending Corp was incredible! He is genuine, extremely knowledgeable, and always available to answer any questions we had along the way. Jordan made our home buying process seamless and stress-free. He even went out of his way to attend our closing! I cannot recommend Jordan enough. He will guide you every step of the way and treat you like family. Thank you, Jordan!!

01ceanna

14:27 31 Aug 22

Jordan was a pleasure to work with. He was punctual and professional during the entire process..

CALL THE COMPS

00:35 27 Aug 22

Jordan Nicolosi is reliable, informative, and a true professional. When my clients need financing, I can send them to Jordan and that’s one less thing I need to worry about. I know they are in good hands.