We are first time home buyers purchasing in Florida. Are there any special programs specifically for first time home buyers?

Yes, in addition to as little as 3% downpayment and no monthly MI (mortgage insurance) we offer a very unique program in that not many mortgage lenders provide. We provide you a Mortgage Credit Certificate which provides you annually with an income tax credit from the IRS equal to 50% of your mortgage interest payments with a $2000 annual credit cap. This is a straight credit applied by the IRS to your federal tax liability. There are maximum income levels to qualify but they're typically higher than most expect. For example, in southeast Florida (Miami-Dade, Broward and Palm Beach) the maximum allowable household income is in excess of $84,000 and even higher if it's a family of 3 or more; Orange County is in excess of $62,000. Please feel free to contact me directly to determine if you qualify for the credit.