Watson Cash AdvantEdge

Watson Cash AdvantEdge is the new way to increase your success in buying a home in competitive purchase markets. Watson Cash AdvantEdge is a unique service that allows borrowers to make a cash offer to increase their chance of purchasing a home with several offers, complex contingencies, and uncertain timelines. The process is easy and guaranteed to close following an acceptable inspection.

Watson Cash AdvantEdge benefit!
● 100% all cash offer
● Backed By Ribbon
● Guaranteed to close, pending inspection
● Must be owner occupied
● Ribbon Fee (Fees vary by state)

How it Works
● Ribbon / Buyer offer is accepted.
     o Buyer submits deposits
● Inspection Completed – Sale is guaranteed!
● If the Full Service is used 2.4-2.75% Fee when closed with Cash.
● If the Buyer closes with their financing, the fee is 1%.
● Rental Period Up to 180 days.
● Buyer purchases back from Ribbon at the original contract price.

Empower Buyers
● First-Time Home Buyers – Enhance your Pre-Approval to CASH to present a strong offer.
● Move-Ups & Move Downs – Buy and Sell on your Timeline.
● Relocations – Focus on moving, not on buying a home.
● New Construction – Remove contingencies and guarantee closing on your dream home!

To learn more about the Watson Cash AdvantEdge program, connect with a Watson Mortgage Loan Originator to learn more! 

HOMETOWN HEROES LOAN PROGRAM

Program Details:
This program can provide down payment and closing cost assistance for frontline workers who are considered first-time homebuyers which is defined as someone who hasn't owned a home in the past three years (Veterans are exempt from this requirement).

Frontline workers may receive lower than market rates including:
• FHA, VA, USDA
• Conventional
• Reduced upfront fees
• No origination points or discount points
• Down payment and closing cost assistance

You can use our down payment assistance with any of our first mortgage loans: VA, FHA, USDA, or Conventional. Borrowers can receive 5% of the loan amount in down payment assistance (maximum limit of $25k).

Eligibility Requirements:
Eligible occupations – click here

Primary Residence – The property you purchase must be your new primary residence.
• You have not owned a home in the past three years as your
primary residence.
• As a veteran, you are exempt from this requirement!
(Active duty is not exempt).
• You can own a mobile home, but it must be on a rented lot or
land and still qualify as a first-time homebuyer.

Limits-income/loan amount - You must not exceed the income and loan amount for the county you plan on buying in (connect with a Watson Mortgage Loan Originator for more information).

Credit Qualifications:
• You must meet the credit requirements for the loan type you have chosen (VA, FHA, USDA, and Conventional)
• Home Buyer Education is required. Your loan originator will assist you on how to complete this requirement.

Connect with a Watson Mortgage Loan Originator to learn more! 

For additional information please visit Florida Housing Down Payment Assistance Programs

3%, 4% and 5% HFA Preferred Plus

Borrowers utilizing these down payments and closing cost programs receive 3%. 4% or 5% of the total loan amount, not the purchase price. Zero percent, five years deferred forgiven at 20% per year.

HOMETOWN HEROES LOAN PROGRAM

Program Details: 
This program can provide down payment and closing cost assistance for frontline workers who are considered first-time homebuyers which is defined as someone who hasn't owned a home in the past three years (Veterans are exempt from this requirement).

Frontline workers may receive lower than market rates including:
• FHA, VA, USDA
• Conventional
• Reduced upfront fees
• No origination points or discount points
• Down payment and closing cost assistance

You can use our down payment assistance with any of our first mortgage loans: VA, FHA, USDA, or Conventional. Borrowers can receive 5% of the loan amount in down payment assistance (maximum limit of $25k).

Eligibility Requirements: 
Eligible occupations – click here    

Primary Residence – The property you purchase must be your new primary residence.
• You have not owned a home in the past three years as your
  primary residence.
• As a veteran, you are exempt from this requirement!
  (Active duty is not exempt).
• You can own a mobile home, but it must be on a rented lot or
  land and still qualify as a first-time homebuyer.

Limits-income/loan amount - You must not exceed the income and loan amount for the county you plan on buying in (connect with a Watson Mortgage Loan Originator for more information).

Credit Qualifications: 
• You must meet the credit requirements for the loan type you have chosen (VA, FHA, USDA, and Conventional)
• Home Buyer Education is required. Your loan originator will assist you on how to complete this requirement. 

Connect with a Watson Mortgage Loan Originator to learn more!