Attention renters and would be buyers.  Did you know there is a way for you to purchase a home in Miami Beach with only a 5% down payment?  If not, you are not alone, and that is why I am writing this article.

The government backed fannie mae properties sometimes have what is called a “First Look Initiative.”  This is exclusively for buyers that intend to buy a property, and live in it.  It does not apply for investors.

Heres how it works: The First Look initiative gives owner occupant buyers a first chance to purchase a property (usually the 1st 15-20 days it is listed) before any investor offers are considered.  This is a great thing because it gives the average person a fighting chance to purchase a property they are interested in, without the worry of competing with strong investors, paying cash.  Once you have qualified for this program then you can purchase a home in Miami Beach with only 5% down!

So one might ask, what is the catch?  There is none!  If you have good credit, and a low amount of debt, then you are a good candidate for this program.  You can click this link here http://www.homepath.com/financing.html and see if you are eligible for financing for this wonderful opportunity.  If you decide buying a property this way is something you are interested in, contact me today to learn more and to get you search started!!