House 2 Home FHA Down Payment Assistance 4% Grant for qualified Home Buyers in All Florida Counties!
Updated June 10, 2023House-2-Home FHA Down Payment Assistance 4% Grant for qualified Home Buyers in All Florida Counties!
Program Features:- House 2 Home FHA Down Payment Assistance for in Florida for all Counties.
- Provides up to a 4% down payment assistance grant in ALL Florida Counties for FHA Loans.
- Down Payment Assistance grant is forgiven when 36 consecutive months of on-time, 1st mortgage payments have been processed.
- Home Buyer does not need to be a first time home buyer.
- Origination fee 1.75% for FHA and USDA. 1% Origination fee for VA Loans. Buyer cash or Seller credit must be provided at Closing.
- Must be primary residence, no Investors.
- Stick built homes or manufactured homes allowed for Government Agency loans (FHA, VA and USDA.
- 1-4 Units allowed, SFR, Duplexes, Triplexes, Quadraplexes, Mobile Homes-(double (double wides only).
- Buyer may own other properties.
- Co-Signors/Non-occupying Co-Borrowers allowed if related by blood, marriage or law and Agency guidelines.
- 30 year fixed term.
- Competitive mortgage interest rates.
- Can be used with VA Mortgages (4%), FHA Mortgages (4%) and USDA Mortgages (3%).
- Home Buyer must qualify for FHA, USDA or VA Loan to recieve the down payment assistance grant.
- Supplemental alternative credit NOT allowed.
- Maximum Income Limits set at 140% HUD area median income for FHA, VA or USDA of Florida county where the house is located.
- Conventional version of this product limits HUD area median Income (AMI) to 115%.
- Income limit is based off Borrower(s) qualifying income reported on the 1003, regardless of household size or full household income.
- Maximum loan amount of FHA limits in area purchased. Generally the lesser of $424,100 (not including UFMI) or maximum loan amounts permitted by HUD.
- FHA purchase price limits apply to all FHA areas.
- FHA Home Buyer Education required.
- Lender credit not available.
- Minimum middle FICO credit score is 640 or higher.
- Maximum debt-to-income 45%-48% Depending on credit score and significant compensating factors.
- 97% LTV or higher must have 12 months of documented rental history.
- No Prepayment Penalty Fee if loan is paid out early.
- No cash back to Home Buyer.
- Seller can contribute up to 6% towards FHA, VA or USDA Buyers Closing Costs.
- No 203k Renovation loans allowed.
Other Florida First-Time Home Buyer & Down Payment Assistance Programs:
- 100% Community Advantage Special Conventional Financing
- Hometown Choice Conventional Special Mortgage Financing for First Time Home Buyers
- First Time Homebuyer 100% Special Financing with No Mortgage Insurance
- First Time Home Buyer Special Financing matching Grant Loan by FHLB
- $10,000 Down Payment Assistance for First Time Home buyers!
- USDA - 100% Home Financing and lower Mortgage Insurance than FHA Loans!
- Down Payment Assistance Unlimited Income Grant for 100% Financing for Home Financing!
- 2023-Florida Hometown Heroes Housing Program for State of Florida.
- 1st Time Home Buyer 3%-5% Grant for Down Payment Assistance
- Salute Our Soldiers 100% VA Loan Program for Honorably Discharged Veterans
- Lease-to-Own and Rent-To-Buy-Home program. This is a great Home Buying program for All Florida Middle Income Home Buyers!
- First Time Home Buyer 105% Special Financing with No Income Limit
- Manatee $10,000 Key Ownership Down Payment Assistance Grant for First Time Home Buyers
- Bank Statement loans for the Self Employed up to $3M!
- OWN A HOME Down Payment Assistance Grant (Not required to be a 1st Time Home Buyer)
- Miami-Dade 1st Time Home Buyers Down Payment Assistance program
- Opportunity Advantage Loan Fund
- Home Sweet Home 1st Time Home Buyer program for Hillsborough, Clay, Brevard and Duval counties with up to $25,000 Down Payment Assistance.
- 1st Time Home Home Buyer, $10,000 Down Payment Assistance program
- First Time Home Buyer 3.5% Grant for FHA Down Payment Assistance
- First Time Home Buyer $10,000 deferred Down Payment Assistance loan
- Home Key Down Payment Assistance programs for Pinellas, Pasco and Polk County Florida
- Palm Beach County 1st Time Home Buyer Grant and Down Payment Assistance Program
- Investor Real Estate Loans for Rental Property purchase!