State-backed initiative with competitive rates and closing cost help.
: Most state programs, such as those in Florida, require a minimum FICO score of 640. bond program for home buying
: Funding is often limited by annual "caps" on bond issuance; if the state reaches its limit, the program may close until the next cycle. such as those in Florida
: State governments sell housing bonds to raise capital, which is then used to provide low-cost mortgages. if the state reaches its limit
, for instance, provides up to $10,000 as a 0% interest, deferred loan that isn't paid back until the home is sold or refinanced.