Leesburg Florida’s #1 First Time Home Buyer loan lender. We are helping borrowers in Leesburg Florida to qualify for the best First Time Home Buyer loan to meet their borrowing requirements. Some First Time Home Buyer loan programs in Leesburg 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 Leesburg 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 Leesburg Florida. Use this application to pre-qualify and start shopping for your new home in Leesburg Florida today! Purchase, Refinance, Cash Out Refinance.

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 Leesburg Florida

Here is a list of just some of the home loans available in Leesburg Florida from CambridgeHomeLoan.com

1. FHA Loans (Federal Housing Administration Loans):Insured by the FHA, these loans offer low down payment options, making homeownership more accessible. Benefits in Leesburg Florida: Ideal for first-time homebuyers in Leesburg, FHA loans provide a lower down payment requirement, facilitating entry into the real estate market.

2. Conventional Loans: Standard mortgage loans not backed by a government agency, often requiring a higher credit score and down payment.  Benefits in Leesburg Florida:  Conventional loans are suitable for homebuyers with solid credit and financial stability, offering flexibility in property types and terms. Starting at 5% Down!

3. VA Loans (Veterans Affairs Loans):- Available to eligible veterans, active-duty service members, and surviving spouses, offering favorable terms and no down payment. Benefits of a VA loan in Leesburg Florida: A great option for military personnel in Leesburg, VA loans provide the opportunity to purchase a home with no down payment, making homeownership more accessible.

4.  Margate Jumbo Loans: – Mortgages that exceed the conforming loan limits set by government-sponsored enterprises, suitable for high-value properties. Jumbo Loan Benefits in Leesburg Florida: Ideal for luxury properties in Leesburg, jumbo loans accommodate larger loan amounts, allowing buyers to finance higher-end homes. No Doc and Low Doc loans for self employed borrowers including P&L only and Bank Statement only home loans. 

5. First-Time Homebuyer Loans Leesburg Florida:

Various loan programs specifically tailored to assist individuals purchasing their first home. Benefits of a first time home loan in Margate Florida: First-time homebuyer loans often come with low down payments and favorable terms, supporting residents in Margate entering the housing market.

6. Foreign National Loans Leesburg: Allow for foreign nationals including ITIN and resident aliens to purchase a home with a Leesburg loan.

7. Non-QM Loans Leesburg Non-QM Loans including Bank Statement Loans, P&L Only Loans, Foreign National and DSCR Loans. These loans allow for limited documentation and in some cases have no income or tax return requirements. 

When exploring home loans in Leesburg Florida, it’s crucial for potential buyers to consider their financial situation, goals, and the specific benefits offered by each loan type. Additionally, contacting a mortgage professional at CambridgeHomeLoan.com can provide personalized guidance based on individual circumstance.

Things To Do In and Around Leesburg Florida

  • Lake Griffin State Park (Campgrounds, nature trails & kayaking)
  • Lake Harris (Waterside homes, boating & fishing)
  • Lake Griffin (Lake, fishing, alligators and bass fishing)
  • Lake Dora (Lake, alligators, canal, boating and fishing)
  • Lake Eustis (Lake popular for sailing & fishing)
  • Venetian Gardens (Park and garden)

Leesburg is a city in Lake County, Florida, United States. The population was 20,117 at the 2010 census. As of 2019, the population recorded by the U.S. Census Bureau was 23,671. Leesburg is in central Florida, between Lake Harris and Lake Griffin, at the head of the Ocklawaha River system.

Schools in and around Leesburg

Leesburg Elementary School
2229 South St · +1 352-365-6308

Leesburg High School
1401 Yellow Jacket Way · +1 352-787-5047

Lake Academy
2020 Tally Rd · +1 352-315-7890

first time home buyer leesburg
Leesburg is a wonderful city filled with perfect neighbors and beautiful scenery. There are endless amounts of fun to be had in this town and it offers various activities for all. Leesburg, Fl has many things to offer for all ages, from roller-skating and go-karting to fishing and hiking. Not just Leesburg, we are serving all of First Time Home Buyer Florida market.

 

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