First Time Home Buyer Melbourne Florida
We proud on ourselves as Melbourne Florida’s #1 First Time Home Buyer loan lender. We are helping borrowers in Melbourne Florida to qualify for the best First Time Home Buyer loan to meet their borrowing requirements. Some First Time Home Buyer loan programs in Melbourne 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 Melbourne 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 Melbourne Florida. Use this application to pre-qualify and start shopping for your new home in Melbourne 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 Melbourne Florida
- Low down payment with a minimum of 3% down payment
- Lower credit scores. Down to 580 to for 3.5% down payment
- VA Loan with No down payment required
- For First Time Home Buyer's, FHA provides a guarantee loans to the lender who is actually extending the loan on an FHA loan.
- To apply for an FHA loan, you'll need to provide your Social Security number, two years of tax returns and employment verification.
- Simple Application and Approval Process
- To apply for an FHA loan, you'll need to provide your Social Security number, two years of tax returns and employment verification.
Melbourne is a Florida city southeast of Orlando. The Eau Gallie Arts District, on the Indian River Lagoon, is known for its galleries and Foosaner Art Museum. Period buildings include the Rossetter House Museum & Gardens, restored to its 1908 appearance. Across the lagoon, Howard E. Futch Memorial Park at Paradise Beach faces the Atlantic Ocean. North, Brevard Zoo features a kayak tour through an African habitat.
Schools in and around Melbourne
Longleaf Elementary School
4290 N Wickham Rd · +1 321-242-4700
Harbor City Elementary School
1377 Sarno Rd · +1 321-254-5534
Eau Gallie High School
1400 Commodore Blvd · +1 321-242-6400
Things To Do In and Around Melbourne Florida
- Brevard Zoo (Giraffe feeding, zip-lining & water play)
- Wickham Park (Vast preserve with campground & trails)
- Andretti Thrill Park (Go-kart track with laser tag & mini golf)
- Downtown Melbourne (Wine)
- Rossetter House Museum Office (Historic site of a 1908 home & gardens)
- Canova Beach Park (Dog-friendly beach with showers)
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