Question 1

Do I need perfect credit to qualify?

Accepted Answer

No. Many homebuyer programs offer flexible credit requirements. Even if your credit isn't perfect, there may be financing options available to help you achieve homeownership.

Question 2

Can I really buy a home with no money down?

Accepted Answer

Yes. Certain loan programs allow qualified buyers to purchase a home with little to no money down. Eligibility depends on factors such as income, credit, property location, and the loan program selected.

Question 3

What areas do you serve?

Accepted Answer

We help homebuyers throughout the Tampa Bay area, including Tampa, St. Petersburg, Clearwater, Largo, Palm Harbor, New Port Richey, Trinity, Wesley Chapel, Brandon, Riverview, and surrounding communities.

Question 4

Is there assistance available for closing costs?

Accepted Answer

Depending on the program and your eligibility, assistance may be available to help reduce upfront costs, including down payment and closing expenses.

Question 5

Will checking my options affect my credit score?

Accepted Answer

A consultation and program review can often be completed without impacting your credit score. If a formal mortgage application is submitted, additional credit verification may be required.

Question 6

Are these programs only for first time homebuyers?

Accepted Answer

No. While some programs are designed for first time buyers, others may be available to repeat homebuyers who meet the program guidelines.

Question 7

How much money do I need to get started?

Accepted Answer

Every situation is different. Some buyers may qualify for programs that significantly reduce upfront costs. A quick consultation can help determine what options may be available to you.

Question 8

How long does the home buying process take?

Accepted Answer

The timeline varies based on the property, financing program, and individual circumstances. Many buyers are able to complete the process in as little as 30 to 45 days after finding a home.

Question 9

Why should I work with Mike Arato?

Accepted Answer

Mike Arato has over 20 years of lending experience and helps homebuyers throughout Tampa Bay explore financing options, homebuyer programs, and strategies that can make homeownership more affordable.

Question 10

How do I find out if I qualify?

Accepted Answer

Simply complete the form on this page to receive your free Homebuyer Savings Packet and schedule a no obligation consultation to review your available options.

Question 11

Is there a first time home buyer income limit?

Accepted Answer

In eligible areas, there is NO income buyer limit!

Michael Arato

Community Development Lender, MLO

Frequently Asked Questions