Unlock Your Homeownership Dream with
HomeReady Special Purpose Credit Program

Empowering First-Time Homebuyers in Underserved Areas*

Making Homeownership a Reality for You

At Simons & Leoni Home Loans, we understand that the dream of owning a home can seem distant, especially for first-time buyers in underserved communities*. That’s why we’re proud to offer the HomeReady Special Purpose Credit Program, a unique initiative designed to turn your homeownership dreams into reality.

Empowering Your Journey

This program is more than just a loan; it’s a steppingstone towards a future where your home is a source of pride, comfort, and stability. Whether you’re starting a family, setting down roots, or looking for a place to call your own, we’re here to help you every step of the way.

KEY FEATURES

Down Payment Assistance

Receive a $5,000 grant towards your closing costs.

Home Warranty Credit

Get up to $500 towards a 1-year home warranty.

Appraisal Cost Assistance

We offer up to $500 to assist with the appraisal cost, making the process smoother for you.

Ready to Start Your Journey?

What Does HomeReady SPCP Offer?

3% down payment

(The down payment can come from the $5,000 grant, funds that you have saved, or a gift from a relative. The down payment cannot be paid by the seller).

$5,000 Down payment assistance grant.

Up to $500 toward a 1-year home warranty.

Up to $500 toward appraisal costs.

Seller can pay up to 5% toward your closing costs.

Are You Eligible?

Eligibility is based on where you currently live. Not where you purchase a home.

• Must be a First Time Home Buyer
• 620 Credit Score
• Must currently live in an eligible area*
  (Call or email me with your current home address so I can validate eligibility. For a general idea of eligibility, see the map below)
• Show proof of primary residence address by supplying:
  1. Driver’s license or other state issued ID, asset statements with address listed, current lease agreement (if applicable) OR
  2. Utility bills with primary address
• Homeownership education required for first-time homebuyer
  (This is a free online class)

Property Requirements

• The property you are purchasing can be anywhere in the State of Florida
• Single Family Home
• Townhouse
• Condo (must be Fannie Mae approved)

Eligibility Tailored for You

Focused on first-time homebuyers, currently living in an underserved area*, this program is designed with your needs in mind. It’s tailored for those purchasing their primary residence, ensuring that more people like you can access the benefits of homeownership.

Enhance Your Home with Optional Home Warranty

A home warranty offers significant benefits when purchasing a home, especially for first-time buyers or those on a tight budget. Essentially, it acts as a safety net, covering the costs of repair or replacement of major home systems and appliances that break down due to normal wear and tear. This can include items like HVAC systems, electrical systems, plumbing, and major appliances such as refrigerators and ovens. By having a home warranty, homeowners can avoid unexpected, often costly, expenses, ensuring financial peace of mind.

Tampa – St. Petersburg – Clearwater, Florida

Orlando – Kissimmee –
Sanford, Florida

Miami – Fort Lauderdale –
West Palm Beach, Florida

Disclaimer:

Terms and Conditions apply. Not all borrowers will qualify. This is not a Loan Estimate. This is not an offer to lend. Subject to formal underwriting, credit, acceptable income, assets, and property appraisal. Income limitations may apply to some loan products. Guidelines, interest rates, APR, and closing cost are subject to change without notice.
Conventional 97%-30-year Scenario assumes: FICO score of 740 or higher & loan-to-value ratio of 97%, primary, single- family home. As of 02/14/2024, the Interest rate is 6.999% & the APR is 7.517%. 30-year fixed rate fully amortizing loan. 360 monthly principal & interest payments of $2,258.02. Property tax, homeowner’s & flood insurances, Private Mortgage Insurance (PMI) and HOA fees are estimated. Actual payments may be greater.