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Public Affairs
Department


P.O. Box 1989
West Palm Beach, FL 33402-1989
(561) 355-2754
FAX: (561) 355-3819
http://www.pbcgov.com
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Palm Beach County
Board of County
Commissioners


Priscilla A. Taylor
Mayor

Paulette Burdick
Vice Mayor

Hal R. Valeche

Shelley Vana

Steven L. Abrams

Mary Lou Berger

Jess R. Santamaria


County Administrator

Robert Weisman



"An equal opportunity
Affirmative Action Employer"


Electronic Press Release

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County Offers New Single Family Mortgage Bond Program

For immediate release: February 2, 2010
Contact: David Brandt HFA Executive Director • (561) 233-3656

The Housing Finance Authority of Palm Beach County is pleased to announce that $5 million will be available beginning Feb. 3, 2010 for the origination of Federal Housing Administration /Veterans Administration /USDA Rural Housing Service 30-year, fixed rate, first mortgage loans.  The loans will be made to qualified homebuyer applicants through certain participating lending institutions on a first come, first served basis.

Borrowers will be required to have a minimum credit score of 600.   The current first mortgage loan interest rate is 5 percent with no origination or discount points; customary lender fees will apply.  The maximum income limits are $90,480 for a one and two-person household and $105,560 for households of three or more persons.  The maximum single family home price is $402,439.

The Housing Finance Authority of Palm Beach County is offering a 30-year down payment/closing cost assistance second mortgage loan under this program in an amount not to exceed 3 percent of the first mortgage loan amount with simple interest at 3 percent per annum due upon maturity, sale, refinance or repayment of the first mortgage loan, or if the borrower receives a federal tax credit refund under the American Recovery and Reinvestment Act.

For more information about the program, contact one of the participating lenders listed below.

First time homebuyers obtaining a second mortgage loan will be required to complete an approved homebuyer education course prior to loan closing.  A list of first time homebuyer’s education providers follows below, also.  Some providers do not charge for this service, so participants are encouraged to contact each provider regarding fees.

PARTICIPATING LENDERS
Lender Contact  
Branch Banking and Trust Co. Jennifer Veit
4510 Donald Ross Road
Palm Beach Gardens, FL 33418
jveit@bbandt.com

Patricia Gust
Patricia_Gust@colonialbank.com
(561) 904-7070 or (561) 346-6987




(305) 355-9706  
Flagship Financial Services, Inc. Dennis Stecker
1500 NW 62nd St., Suite 206
Ft. Lauderdale, FL  33309

Debbie Healy
Lisa Kislia
FlagshipFi@aol.com
(800) 776-8984



(800) 776-8984
(800) 776-8984
Real Estate Mortgage Network John Gentile
3021 Manatee Ave W., Suite A
Bradenton, FL 34205
jgentile@remn.com

Loodie Alonso
lalonso@remn.com
(561) 441-6733




(561) 753-3393
Universal American Mortgage Oscar Sanchez
700 NW 107th Ave., Suite 300
Miami, FL 33172
(305) 551-7001
after hours: (305) 229-6500


FIRST TIME HOMEBUYER EDUCATION COURSE PROVIDERS
Note:  Certain providers charge a nominal fee for this service while other providers offer this service free of charge. 
Prospective borrowers are encouraged to contact all of the providers to determine whether or not a fee is charged.
HUD-Approved Counseling Agency
Consumer Credit Counseling Service of Greater Atlanta 
700 S Dixie Hwy., Suite 103
West Palm Beach, FL 33401
(561) 434-2544
Consumer Credit Management Services 
315 NE 2nd Ave.
Delray Beach, FL 33444
(561) 454-5615
Housing Partnership, Inc.
2001 W. Blue Heron Blvd.
Riviera Beach, FL 33404
(561) 841-3500 ext. 1062
Life Improvement for Tomorrow
1910 South Olive Ave.
West Palm Beach, FL 33401
(561) 868-7026
Northwest Riviera Beach Community Redevelopment Corp.
2001 Broad Way, Suite 510
Riviera Beach, FL 33404
(561) 845-1147
Real Estate Education and Community Housing, Inc.
8409 N Military Trail, Suite 110
Palm Beach Gardens, FL 33410
(561) 491-1681
Urban League of Palm Beach County, Inc.
1700 N Australian Ave.
West Palm Beach, FL 33407
(561) 833-1461 ext. 25
SHIP-Approved Counseling Agency
Center for Technology, Enterprise & Development, Inc. 
33 SE 1st Ave., Suite 102 
Delray Beach, FL 33444
(561) 265-3790
HOME Education Loan Program
2620 N Australian Ave., Suite 109
West Palm Beach, FL 33047
(561) 841-5947
The Delray Beach CDC 400
West Atlantic Ave.
Delray Beach, FL 33444
(561) 266-9840
United Way Prosperity Center - West Palm Beach
501 21st St.
West Palm Beach, FL 33407
(561) 655-7581
We Help CDC
349 SE 3rd St.
Belle Glade, FL 33430
(561) 993-0085

 

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