South Florida Real Estate Convos with Rickey Ballester

Timestamps

0:00:00 LLPAs - Loan Level Price Adjustments

0:03:26 Heading: Exploring Real Estate Investment Opportunities in South Florida

0:05:44 Mortgage Lending for Retirees: Understanding the Challenges and Opportunities in Pompano Beach, FL

0:08:19 Conversation Summary: Hometown Heroes Program and Home Buying Tips

0:10:54 Real Estate Tip of the Week: Understanding Your Debt-to-Income Ratio for Home Buying Success

Highlights

Yeah. So hometown heroes, right? They just got new funding. Starting July 1, they're getting an extra $100 million poured into the program. What's awesome about this, this increased the down payment assistance from 25,000 up to 35,000 or up to 5% of the total purchase price as a down payment. It's going to be categorized as a second mortgage up to 30 years, and there's 0% interest, and you don't have to pay it back until you sell the property.

In South Florida. I think Pompano is definitely an area that is on the rise. You definitely see homes that are a lot more expensive than they were a couple of years ago. But in the trajectory of the real estate market in Pompano, all signs lead to that. It's going to continue to increase and increase and increase because of all the new developments in the area from as far east as Atlantic Boulevard by the beach on a one A with all the buildings that they're putting. There, plus all the restaurants and making it kind of like a Hollywood boardwalk area as far west as Dixie Highway on Atlantic Boulevard with all the townhouses that they've been building there. So I would say Pompano is still a pretty good not so, but also hidden gem.

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