If I told you that you might qualify for a NO-INTEREST, 30 YEAR loan for $20,000, would you believe me? How about 50% of the purchase price???

You should. Because it's a no-brainer, steal of a deal for buyers! It's called the Neighborhood Stabilization Program (NSP) and it's coming to (or already present in) an area near (or around) you. It's a federal fund administrated by HUD and locally administered by municipalities.

So how do one go about getting this awesome benefit? Well, first you, as the buyer, need to meet some income qualifications. Among others, here are a couple:

• Maximum debt-to-income ratio is 50%
• The Homebuyer Assistance Program is available to families earning less than 120% of the median income for the Tampa Bay area. NSP requires that 25% of all funds be spent on families earning less than 50% of the median income.

So what homes qualify? They have to fall within the NSP areas to be eligible for the money. If you are in Pasco County, for example, you can click on the following site to see if your subject property qualifies:

http://gis1.pascocountyfl.net/nshood/

The beauty of the $20,000 2nd mtg is that buyers can also use it to wrap in closing costs, leaving little money needed to bring to closing.

If you are in the area, visit Tampa Bay Community Development Corp at www.TampaBayCDC.com for more info.