First time home buyer class

First Time Home Buyers Class
With
DJ Roy

DJ Roy • 813-580-2299
DJRoy@kw.com • DJRoyRealty.com

Reason No. 1: Interest rates
Even though they may creep up at any moment, it’s a fact that interest rates on home loans are at historic lows.
Reason No. 2: Rents have skyrocketed
Rents outpaced home values in 20 of the 35 biggest housing markets in 2015. According to Rent.com, 88% of property
managers raised their rent in the past 12 months, and an 8% hike is predicted for 2016.
In most metropolitan cities, monthly rent is comparable to that of a monthly mortgage payment, sometimes more.
Reason No. 3: Down payments don’t need to break the bank
Probably the biggest obstacle that prevents renters from becoming homeowners is pulling together a down payment.
But, as veterans, we can put down as little as Zero, and with Florida’s down payment assistance program it is possible
to have all of your closing costs paid for you.
Reason No. 4: Home Values are rising
In the past 12 months, Tampa home values have gone up by 11.7%! Over the next year, home values are predicted to
go up another 5%. So waiting to buy could end up costing you thousands.
Reasons to Buy Now
DJ Roy • 813-580-2299

Who Is Eligible For A VA Home Loan?
Honorably discharged veterans who served:
 2 years on active duty
 6 years in the Reserve/National guard
 POW’s held in captivity for 90 days or more
 90 days of wartime duty when called up or ordered
under
U.S.C. Title 10 (this US code must appear on DD214).
 181 days of peacetime duty called up under U.S.C. Title
10
 Some unmarried surviving spouses
DJ Roy • 813-580-2299

VA Appraisals
Minimum Property Standards
 Safe – meets local/county safety codes (electrical, structural and
location)
 Sanitary – well, septic and sanitary sewer pass local/county
inspection
 Sound – meets local/county structural building codes
DJ Roy • 813-580-2299

VA Funding Fees
Veterans receiving 10% or more disability compensation from the VA are exempt from paying a funding
fee.
DJ Roy • 813-580-2299

NOTE: Down payment can come from gift funds
(must be an eligible donor) & DPA programs. Donors can be family,
or employer. MI is 1.75% upfront & .85% monthly based on loan
amount. 3.5% is based off of the purchase price.
NOTE: Down payment is contingent upon COE, active duty or
honorably discharged, must have DD214. Credit score can be
re-scored for a fee to increase it if eligible. Only an eligible Vet
or surviving spouse can use the VA loan.
DJ Roy • 813-580-2299

THE STATE OF FLORIDA HAS SEVERAL COUNTIES THAT OFFER DOWN PAYMENT
ASSISTANCE. HILLSBOROUGH COUNTY OFFERS UP TO $15,000 IN DPA ON FHA,
CONVENTIONAL AND VA LOANS.
ANOTHER COUNTY NEAR YOU WOULD BE PINELLAS COUNTY. THEY OFFER UP TO
$7500.00 IN DPA.
DPA-DOWN PAYMENT ASSISTANCE
DJ Roy • 813-580-2299

DPA-DOWN PAYMENT ASSISTANCE
DJ Roy • 813-580-2299

If You Have Any Questions Please Contact
DJ Roy
Mobile: 813 580 2299
Office: 813 875 3700
Email: DJRoy@kw.com
www.DJRoyRealty.com

First time home buyer class

First time home buyer class

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