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.

First Time Home Buyers

Premier Lending Corp

5.0

John Demarco

23:50 03 May 19

Manny, we want to thank you for doing such an amazing job securing financing for us. You definitely got us an excellent rate that was better then the very best offers out there, you also came up with a very smart financing strategy that also was very beneficial to us when buying our house, It was evident that you really took the time to research all the options that were afforded us. You answered every question we had and identified important items before, during and after our closing which we much appreciate. The time and effort you put into our loan and closing process is very obvious and again we want to thank you for everything you did for us. John & Rebeccaread more

Iselore L.

00:39 27 Apr 19

When I first heard about how excellent was Premier Lending, it was just a phone call away and everything was done perfectly and timely. My lease was about to expire in less than two months when I started the process. I did not think they could have made it possible before the expiration date. I gave them a try and they’re delivered seven days before my lease expiration date. I was so excited, Premier Lending made it happen. I am a new homeowner and a first time buyer, Thanks to the awesome crew. The service was quite easy and excellent. They patiently listen to my concerns and get back to me with the right answers. I can tell you that I started that process with no knowledge they make me an expert. Great Company, I will recommend them to anyone.read more

Shareen Jabbari

18:24 12 Mar 19

This company is everything. Justin Rode is my go-to mortgage expert and he always delivers. We've worked on several deals and I am never disappointed as he does all that he can to accommodate our clients. Always picks up the phone and gets our deals to the closing table. I highly recommend this company.read more

caren davila

04:06 06 Mar 19

I am so happy to have been introduced to this amazing broker Justin Rode. I am a first time home buyer and I didn't know about the process, he made sure to explained everything step by step and help me understand the process. He help me in every single step of the way and made less stressful experience. thank you Justin Rode for making happened you are awesome!read more

Sonia Valdes

16:20 27 Feb 19

I have had the pleasure of working with Manny Fajardo at Premier Lending Corp. twice in the past two years and have appreciated the high quality customer service he has provided! Upon obtaining a second opinion with Quicken Loans on my refinancing, I was told that they could not offer me a loan at this time. Manny made it work and thanks to him I successfully refinanced my condo in just two weeks. He is very professional, thorough, and pleasant to work with. Thanks Manny and your team for a wonderful experience. I will definitely refer and use your services in the future!read more

Marissa Smith

16:37 11 Dec 18

Buying a home is exciting! But it can also be an intimidating process. What we needed was someone to guide us through the details and make us feel comfortable with one of the biggest purchasing decisions we have ever made. That is exactly what Juan Fajardo at Premier Lending Corp did for us. He answered every call, email, and text. Every question was answered, and he did so promptly and professionally. We really couldn't ask for more. He even came to our closing. Truly a great experience all around.read more

Tim Emanuel

04:09 02 Jun 18

Thanks to this awesome team for all their assistance on the process of financing my first time home purchase. Manny has been nothing but friendly and helpful throughout the entire process. No question was unimportant! Throughout the process, for almost a year Manny and his team assisted us in our home search. Many made sure we knew what we could afford, what various financing options would mean to us, and gave us all the information we needed to make an educated decision on how we wanted to fund our home purchase. He was always available when questions arose, and he was beyond helpful in guiding us through the process after our offer was accepted. PLC offered us nothing but their best, we highly recommend them to all our friends and family! Thank you Manny and PLC! :-)read more

Barbara Thomas

00:48 19 Jul 16

As first time home buyers, we had lots of questions and needed a lot of trusted guidance. Premier Lending Corp walked us through each step of the process making it a much easier process than we had anticipated. Thanks Juan! read more

Johnny Perez

01:45 28 Sep 15

I can't say enough about my experience with Premier Lending. I knew that I needed a professional to help me with all my mortgage needs when purchasing my new home. Juan Fajardo did an exceptional job. He was extremely attentive to all of my concerns. He answered all of my questions immediately. He made the experience of finding the right mortgage (which could potentially be a stressful time for a buyer) carefree. Since I started working with Juan, I felt that he always had my best interest on his mind. He assured me that my transaction would go without a hitch...and he delivered. From always keeping me informed with any issues at hand to even sitting with me during my closing, Juan made this experience second to none. I would recommend Premier Lending to anyone who wants a great experience finding a mortgage and wants someone to look out for their best interest. I am grateful to Juan and Premier Lending and because of the fantastic experience that they provided. If I am ever in need to a mortgage, I will definitely go to Juan again.read more

Rodolfo Zubiate

18:24 12 Jan 15

Buying a home is an extremely overwhelming and scary process. At least it was for me at first with this being my first home. But the second I met with Premier Lending all those feelings went away and I immediately felt a sense of comfort and security, and I knew a had a great team behind me helping me through out the entire process.I had the pleasure to work with Manny Fajardo, who was always available to answer any question or doubt I had, and he always made it clear that he had my best interest in mind. He fought to get me the best rate possible and made the entire process pain free. I'm extremely happy with my home, and I have only Premier Lending to thank for that. I definitely recommend going with Premier Lending, even if you have questions and aren't sure about buying a house. They will guide you and put you in the best possible scenario.Thank you guys!read more

Brooke Nelson

19:22 14 Oct 14

I recently purchased my very first home and I cannot say enough about Manny and Premier Lending. As a first time home buyer I was very uneducated in this area and Manny took the time to explain each and every step of the process. He was always available when I had questions and worked diligently and had all paperwork done and put together in record timing. I would HIGHLY recommend him to anyone who is looking for a mortgage broker.read more

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Premier Lending Corp is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.

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