Searching for First Time Home Buyer loan lender in Sarasota, FL? We are helping borrowers in Sarasota Florida to qualify for the best First Time Home Buyer loan to meet their borrowing requirements. Some First Time Home Buyer loan programs in Sarasota Florida are backed by the Federal Housing Administration (FHA). These popular first time homebuyer loans require lower minimum credit scores and down payments to make it easier to qualify.

First Time Home Buyer Sarasota Florida

CambridgeHomeLoan.com has a number of First time home buyer loan programs from simple W2 employees to full 2 year tax returns, self employed loans, Non QM loans and more with low down payments and fees. Contact us today to craft the loan that best fits your needs. Some qualifications below.

FHA First Time Home Buyer and HomeReady Program Terms

  • A credit score of at least 580 for a 3% down home loan
  • A credit score of 500 to 579 for a 10% down payment
  • FHA loan with 3.5% down payment requirement
  • Mortgage insurance that is offset due to lower FHA interest rates than a conventional loan.
  • FHA Debt to income ratio of 50% or less

Qualify for a 3% down Home Loan in Sarasota Florida. Use this application to pre-qualify and start shopping for your new home in Sarasota Florida today! Purchase, Refinance, Cash Out Refinance.

According to an announcement by the FHA the loan limit for 2022 will be $420,680 for most of the country. The 2022 FHA loan limit for the high cost areas will be $970,800.

Contact us to find out what the loan limits in the county you would like to purchase in. Call now 800-826-5077. 

Prequalify now to see how much of Loan you can qualify for. 

Benefits of Being A First Time Home Buyer In Sarasota Florida

Sarasota is a city south of Tampa on Florida’s Gulf Coast that was once the winter home of the Ringling Brothers Circus. Today, it hosts a number of cultural institutes, notably the Ringling Museum of Art, which showcases old masters and modern art. It’s also the gateway to miles of beaches with fine sand and shallow waters, such as Lido Beach and Siesta Key Beach.

Schools in and around Sarasota

Southside Elementary School
Public, K-5 | 729 students

Ashton Elementary School
Public, PK-5 | 1,060 students

Phillippi Shores Elementary School
Public, PK-5 | 789 students

Lakeview Elementary School
Public, PK-5 | 599 students

first time homebuyer sarasota
Beautiful beaches, warm weather, and enviable recreational and cultural amenities earn Sarasota a spot on “best of” lists almost every year. In 2020, U.S. News and World Report honored the city as the best place to live in the U.S. for retirees, naming superb restaurants and shopping among its many attractions.Not just Sarasota, we are serving all of First Time Home Buyer Florida market.

Things To Do In and Around Sarasota Florida

  • The John and Mable Ringling Museum of Art (Antiquities to modern works on display)
  • Siesta Key Beach (Fine white sand that stays cool)
  • Marie Selby Botanical Gardens Downtown Sarasota campus (Green oasis along Sarasota Bay)
  • Mote Marine Laboratory & Aquarium (Aquarium starring stingrays & sharks)
  • Lido Key Beach (Concessions, picnic areas & a pool)
  • Sarasota Jungle Gardens (10 acres of gardens & exotic animals)

 

 

 

 

 

 

 

 

 

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