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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Syl Mcg

04:11 26 May 22

Juan Fajardo was great. Answered quickly and explained everything. I have recommended him to several people such a positive experience.

Richard Walde

21:28 24 May 22

My wife and I couldn't be happier with the experience we had with Jordan Nicolosi at Premier Lending Corp! He assisted us with the purchase of our first home and his expertise made for an extra smooth process. We highly recommend him for all your lending needs!

Meredith Acierno

15:40 18 May 22

We recently worked with Jordan on the purchase of our new home. From day 1, Jordan made himself available any time we needed him, fielded my endless questions and help to reassure us that we would get the deal done. He was a pleasure to work with!

William Sprengel

17:20 03 May 22

My dealings with Premier Lending (thru Justin Rode) were extremely positive. Justin's expertise and insight were on display throughout the process, and he kept me well informed and thoroughly explained the details of the process.I highly recommend Premier Lending and Justin Rode for your banking needs.

Pete Negron

10:43 03 May 22

Yordi Muñoz

17:40 02 May 22

Big thanks to Casey and the team. I like that you were direct and always giving me your honest opinion when I asked for it.Again thank you so much for everything and I hope this is the first of many more.

Julio Loureiro

02:46 14 Apr 22

Was a pleasure to work this process with Jordan Nicolosi.Very clear on all information, professional and quick responses. All paperwork was a smooth sailing with Premier lending corporation.

Jamal Stephen

15:46 09 Apr 22

I recently purchased my first home through Premier Lending Corp and had the pleasure of working with Jordan Nicolosi. He was truly amazing! Very professional, knowledgeable, and always available 24/7. He made the process smooth and painless, getting me in at a greatness rate as well. I highly recommend Jordan and Premier Lending Corp when it comes to all your house financing needs.

Sandra Bruno

00:28 01 Apr 22

Awesome customer service, Casey kept me informed all the way to closing. I am a travel nurse and he made it happen. Thanks Casey and team for your professionalism.

Erik Boyd

16:35 31 Mar 22

We worked with Casey when purchasing our new home. He was very professional and knowledgeable but also down to Earth and approachable. If he didn't know the answer to our question, he would say so, then find the answer and call us back immediately. 10/10 I would definitely work with Casey and Premier Lending again.

sandy ball

17:04 25 Mar 22

Ben Pflum

15:23 22 Mar 22

George De Angelo

20:53 20 Mar 22

I had the privilege to work with Jordan on my refinance. Jordan was very professional, knowledgeable, and kept my best interest in mind with getting me the best rate and money back on closing. Jordan was available 24/7 with any questions and broke everything down in the way anyone can understand. I highly recommend using Jordan for your refi needs!

Annelle Ripple

20:12 20 Mar 22

Alexis has been such an integral part of my business when it comes to helping clients fulfill their dreams of purchasing a home! Her consistency, communication and compassion throughout the transaction perfectly align with the way I conduct business and how I expect my clients to be treated. Every time we work together I know we’ll be crossing that finish line!!

Jackson Guerrera

15:52 16 Mar 22

Shopped around but met with Chris Freitas with Premier Lending Group. Immediately I was impressed with his knowledge and his professionalism ! Without question we used him to assist in getting us the best rate and mortgage we could ask for. BTW he calls you back when you have a question! Thanks Chris. Customers for Life.

Thomas Mull

15:43 16 Mar 22

Refinancing my home was made simple by Chris. He got me approved with a great rate the very next day.

Tom Daly

15:16 16 Mar 22

I have had the pleasure of working with Alexis multiple times. As a realtor I have had deals fall apart because of bad loan originators. This was not the case with Alexis. She was on top of the details from start to finish. Highly recommend.

Thomas Daly

15:14 16 Mar 22

Working with Alexis and PLC was a pleasure every single time. Looking to working together again.

Ines Leon

15:03 16 Mar 22

I've had several closings with Alexis Vanlandingham from Premier Lending Corp., and they were the smoothest, quickest closings I've ever had. I would gladly recommend any potential buyers to work with her and Premier Lending as she is extremely knowledgeable and very diligent!

Jim Brito

00:00 16 Mar 22

David and Michael were awesome. David Civita kept me informed throughout and made the whole process very simple. Michael Savitt also kept me up to date on all the documentation that I needed to provide. The whole team was great and they made me feel like I was their only customer. I've heard nothing but positive feedback from other former clients too. I highly recommend.

Natalie Mor

22:00 15 Mar 22

Alexis did an amazing job ! I highly recommend her to all my friends and family .

Sara Endorf

20:16 15 Mar 22

I'm a Realtor in the Broward area and have worked with Alexis Vanlandingham, at Premier Lending, on multiple (& successful) transactions. I'm not exaggerating when I say she is on top of EVERYTHING when it comes to efficiency, accuracy and communication. I know I can count on her to get my buyers to the closing table on time or early! That's why I never hesitate to recommend her to my buyers. I always look forward to the next time I can work with Alexis.

Emily Freay

20:10 15 Mar 22

Alexis is so professional and great to work with! Age explains everything easily for myself and my Buyers to understand!

Francisco Villalobos

16:23 15 Mar 22

Juan Fajardo , is Reliable, answers your questions very quick , great service , and available for the the entire process .100% Recommended .

Edwin Velazquez

16:34 11 Mar 22

luci brito

11:35 09 Mar 22

This is my second refi with Manny and his team. I cannot say enough about this company by far the MOST painless process I've ever been involved in. Manny was punctual, professional, and answered my questions without hesitation.

Hilen Deolmo

12:23 07 Mar 22

Jordan Nicolosi was God sent. As a first time home buyer, I didn’t have a clue about the process. Jordan was there to guide and help, any day and any time. My situation was very complicated with an unbelievable deadline but his hard work and extreme dedication showed every step of the way. I am now unpacking in my dream home thanks to him and his wonderful team.

James Mione

18:54 02 Mar 22

Peter Brandt

17:09 24 Feb 22

Jordan Nicolosi was a pleasure to work with.

Leanna Morris

13:46 23 Feb 22

I just completed my re-fi with Premier Lending Corp and am extremely satisfied with the process! Jordan Nicolosi was our loan originator and made the process very simple for us. Jordan took time to explain the whole process and all of our options. He was very communicative with us and patient with all of my questions!! It was a great experience working with Jordan and we will call him in the future for any mortgage needs. Thanks again!