Bond program

This program allows buyers to receive assistance to pay for their down payment and closing costs in the form of a second mortgage upto $7,500 at 0% deferred for 30 years.

What does it mean? It means NO monthly payment for the borrower, but the loan does have to be repaid at the end of the 30 years or when the property is refinanced or sold.

Among the requirements, the borrower must: 

1. Be a first time home buyer (or have not owned a home as a primary residence for the past 3 years)
2. Have a minimum fico score of 640 
3. Have a maximum debt to income ratio of 45%  
4. Their income must be less than the maximum allowed income per county BOND INCOME LIMITS
5. Need to do complete a First Time Home Buyer Education class. If you need a contact, call: Pedro Padilla at Credit Card Management Services, Inc. P O Box 220597, West Palm Beach FL 33422 phone: 800-920-2262 fax: 866-561-2622. English and Spanish classes in person or online www.ehomeamerica.org/debthelper  discount code: CCMS24

To read the details of the program please visit the official website,

The bond program CAN be combined with both, government (FHA) and conventional loans.
To see the notice of reduction from 10,000 to 7,5000 click here