Friday, May 8, 2009

Miami-Dade's NSP Lottery is Still Open - Deadline May 22, 2009
Miami-Dade County has opened the Neighborhood Stabilization Program (NSP) Lottery. Homebuyers can receive $50,000 - $70,000 as a second mortgage with 0-6% interest to purchase a foreclosure (up to $205,000) in a targeted priority area. Click Here to find NSP Maps. Primary mortgage must be with an approved lender - Click Here for Approved Lenders. Income limits do apply (listed on the application). Applicants do not have to be first-time homebuyers, but do need to attend a 8-hour homebuyer certificate course. Classes can be found at www.sfhomeprograms.com under Education. Deadline to apply is May 22, 2009, and the lottery will be held May 29, 2009.

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