florida home loansFlorida Home Loans jumped 13% last year, and topped 200,000 for the first time ever. Florida home loans have been stronger than those cited in the national survey. Florida had a 6.8 percent annualized increase, far ahead of the national average of 6.7 percent.

The median price of homes sold through the Orlando Regional Realtor Association during the third quarter was up about 11 percent from the third quarter of last year. The National Association of Realtors is projecting strong housing activity next year, expecting a record 6.7 million existing-home sales this year, up 9.1 percent from last year’s record. New-home sales this year are expected to rise 9.7 percent to a record 1.07 million. The association projects 5.81 million existing-home sales and 1.02 million new-home sales next year — second only to this year’s expected records.

Florida’s Matched Savings Fund provides a grant of $2 for every $1 that a low-income person saves monthly toward owning a home or business. Miami-Dade’s Office of Community Economic Development provides the matching funds. The city of Miami has also began matching funds.

Families who save up to $6,000 over two years, would qualify for Florida home loans under existing first-time, home-buyer programs, which require up to a 5 percent down payment.

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