Blue Line Int. Realty LLC

Blue Line Int. Realty LLC BlueLine-Realty LLC. has years of experience in helping clients’ in buying, selling, investing and

10/11/2021

By Laura Mueller There’s a lot that can be said for the benefits of investing in land. Like all investments, however, there is a cost factor to consider

09/27/2021

Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low.

09/22/2021

Neat Loans says COVID-19 created a new health risk for borrowers, and the credit is one way to lessen the chance that one of its loans will go into foreclosure. BOULDER, Colo. – Neat Loans announced that clients who get a COVID-19 vaccine will receive a $500 discount on home financing through the ...

09/22/2021

About 850K homeowners may have their mortgages exit forbearance between Aug.-Oct. this year – a potential for tens of thousands more homes on the market. MIAMI – The American housing market has been red hot. The combination of low borrowing rates, strong demand for more living and work-from-home...

09/12/2021

Frustrated homebuyers remember the last housing crisis and think it’s going to happen again as prices keep going higher and higher – but they’ll likely be disappointed. FORT LAUDERDALE, Fla. – People who have spent months trying to find an acceptable, affordable home in South Florida are sta...

09/08/2021

In many areas, homeownership not only offers long-term wealth but also immediate cost benefits. For some FHA 3.5%-down buyers, monthly payments actually go down. NEW YORK – Nikki Daniel’s rent had jumped twice – in just the past two years. For this year, she was looking at an increase from $1,...

09/08/2021

Stay current with creditors tracked by credit score firms, but also do some homework: Understand credit scores and how they impact your life. NEW YORK – Good credit opens doors. Not only can it help you secure an affordable loan, but it is also often needed for access to open everyday accounts, su...

09/08/2021

Buyers who put less than 20% down often need private-mortgage insurance – but with a 20% year-to-year uptick in home values, many owners may be able to cancel it now. PASADENA, Calif. – Ali Elahi, one of my firm’s clients, doubled down and won big, saving $800 in monthly mortgage payments by t...

09/03/2021

Hurricane Ida has brought life-threatening conditions to parts of the Gulf Coast of the United States. Follow instructions from state and local emergency officials in your area. Learn what the U.S. government is doing, and how to recover from the storm.

08/31/2021

Many renters didn’t take eviction seriously in the shadow of eviction-ban extensions. Some experts now expect a deluge, while others think it will be more of a trickle.

08/27/2021

HOMEOWNERSHIP VOUCHERS
Overview
The Housing Choice Voucher (HCV) homeownership program allows families that are assisted under the HCV program to use their voucher to buy a home and receive monthly assistance in meeting homeownership expenses. While the HCV homeownership regulations contemplate a downpayment grant option (where the PHA offers a single downpayment assistance grant to the family instead of a monthly homeownership subsidy), funding has not been appropriated for this purpose and this regulatory provision has never been implemented.

The HCV homeownership program is available only to families that have been admitted to the HCV program and it is not offered by every Public Housing Agency (PHA). PHAs have discretion to determine whether to implement the HCV homeownership program in their jurisdictions. To find a PHA in your area that may administer an HCV homeownership program, you may use the homeownership enrollments report below. For contact information of all PHAs by State, not only PHAs administering an HCV homeownership program, click here.

To participate in the HCV homeownership program, the HCV family must meet specific income and employment requirements (the employment requirement does not apply to elderly and disabled families), be a first-time homeowner as defined in the regulation, attend and satisfactorily complete the pre-assistance homeownership and housing counseling program required by the PHA, and meet any additional eligibility requirements set by the PHA.

Homeownership Regulations and Forms
HCV Homeownership Regulations (24 CFR Part 982, Subpart M). HCV homeownership regulations are found in Sections 982.625-982.643.

Statement of Homeowner Obligations
Reports
HCV homeownership enrollments report: this report shows the number of HCV families that have been assisted under the PHA’s HCV homeownership program in the past 5 years, as reported by the PHA in HUD’s IMS/PIC system. The report shows all new and current HCV homeownership families per year.

Related Programs and Notices:
Housing counseling: the law requires that housing counseling required under or provided in connection with all HUD programs is provided by HUD Certified Housing Counselors. This statutory requirement was implemented by HUD through the Final rule for housing counseling certification. PHAs are not required to become approved to participate in HUD’s Housing Counseling program (nor is the PHA’s staff required to become HUD certified counselors) as long as the PHA is not providing the homeownership and housing counseling themselves. However, PHAs must ensure that any homeownership and housing counseling done in connection with the HCV homeownership option is provided by a HUD certified counselor working for a HUD-approved housing counseling agency. HUD is in the process of updating the homeownership regulations to conform with this requirement.

Homeownership fees: HUD provides a special $200 fee for every homeownership closing. More information may be found in the yearly notices implementing the funding provisions for the HCV program.

Homebuying programs by State: provides more information about homebuying programs, other than the HCV homeownership program, in your State.

08/27/2021

Purchasing a home isn’t the easiest thing in the world. If you want the best chance of getting a home at a great price, you need to prepare in advance.

Address

963 East Altamonte Drive
Altamonte Springs, FL
32701

Telephone

+14073917268

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