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Quick Tips For Section 8 Housing Applicants

Section 8 Housing vouchers in Florida provide many low-income families with the ability to rent a home at a lower cost. However,the Section 8 housing voucher program is somewhat exclusive, because only a certain number of applicants are able to qualify.Because of this, you should ensure that you meet the program’s eligibility requirements before you apply. Once you haveestablished your Section 8 eligibility, you are going to want to apply as soon as possible. The application process forSection 8 Housing can be time-consuming and confusing at times. There is a lot to remember regarding what documents youwill need and what information needs to be verified in order to gain acceptance into the program. One way to be preparedfor the application process is to have any necessary documents ready ahead of time. It is very important that you are well-informedand prepared before starting the application process.


Here’s a quick list to refer to when you are applying for Section 8 Housing in Florida:

  • Have your proof of citizenship or legal residency: You need to provide a Social Security Number or an alien registrationnumber for every member of the household.
  • Have your proof of income ready: Usually, all you need for proof of income are pay stubs and/or tax returns. However,if anyone in the household is receiving Social Security payments, child support or any other supplemental income, proofof those should be provided as well. You need proof of income for every working household member.
  • Have your proof of residency: Prove you are a Florida resident by supplying a copy of a utility bill or any otherbill that provides proof of address.
  • Prove family dynamics: This includes providing marriage certificates and possibly birth certificates to prove howeveryone in the household is related. This may not always be necessary, but it’s good to have these documents ready justin case.
  • Be patient: The application and transition process can be stressful. Remain calm and patient while your applicationis being processed. If you are put on a waiting list, remember that this is fairly common, and your local PHA is doingeverything possible to assist everyone in need.

Additional eligibility requirements include your citizenship or immigration status, your household composition, and yourwork and income details. Your household composition means the number of people who live with you, who they are and whetheror not they can work and contribute income to the household.

Rent-To-Own Homes

If you follow the above tips you are much more likely to have a smoother and more efficient application process. However,you may find that you are either ineligible for Section 8 Housing, or you would prefer to explore different options in regardsto housing. There are many options available that allow people to rent or own a home with some sort of assistance. One exampleof this is rent-to-own homes.

Furthermore, some Section 8 beneficiaries are able to use their Section 8 housing voucher toward a payment on a rent-to-ownhome. To do so, beneficiaries must qualify for the Housing Choice Voucher homeownership program. To learn more about rentingto own a home, read the sections below.


What Is Rent-To-Own?

If you want to own a home but you do not have a good enough credit score or you do not have enough money saved up for a down payment, you may want to consider a rent-to-own housing contract. In a rent-to-own agreement as a potential buyer, you will rent a home with the intention of buying it after a certain pre-determined number of years. However, you must also pay an additional amount of money on top of the standard rent payment. This additional amount is often called a lease option fee or option consideration. This additional fee, generally between 2.5 percent and 7 percent of the purchase price, is what gives you the opportunity to purchase the house in the future.

What Are The Benefits Of Renting To Own?

There are many benefits for rent-to-own homes, with the biggest benefit being that even if you have a poor credit score and no money saved up for a down payment, you can still end up being able to purchase a home. There are many other situations that can make it difficult for you to be deemed eligible for a mortgage by a bank, including not having enough job history, or having a debt-to-income ratio that is too high. Regardless of your situation, if you find a seller that is willing to enter a rent-to-own agreement, you can potentially own that home within a few years.

There are benefits for the seller of the home as well, with the most notable benefit being the extra money that the potential buyer pays each month along with his or her rent. Also, the seller is able to sell the home for a higher amount than he or she would have been able to if he or she listed the home on the market straight away. Those benefits help to make up for the fact that the home will take a longer amount of time to be sold.

How Does Renting-To-Own Work?

If you are interested in purchasing a home, but cannot do so at the time, you can look for a rent-to-own home and discussthe various options with the seller before entering an agreement. Your discussion will likely include talk about the extraoption money required, along with the standard rent payments, how long the lease contract will last, and whether or notyou are legally obligated to purchase the home once the lease is over.

Once the lease is up, you will then apply for a mortgage and pay the seller in full to purchase the home. Because a mortgageis still required after the lease is over, it is important for you to find out if you are eligible for financing. It isimportant to confirm your eligibility for financing by the time the lease agreement is up and it is time to purchase thehome. Oftentimes, the extra option money that is paid to the seller is used towards the down payment of the home, savingyou quite a bit of money.

Rent-to-own homes are a great option if you are currently unable to receive financing through a bank but want to live inand potentially own a home in the near future. This option can provide many benefits, so it is certainly something thatshould be kept in mind when you are considering different housing choices.