First Time Home Buyer Special Financing matching Grant Loan by FHLB
Updated December 8, 20211st Time Home Buyer matching Grant. Recieve up to $12,500 in a 4:1 Matching Grants! You contribute $3125 and recieve $12,500.
Program Features:- 4:1 Matching Grant Special Financing from Federal Home Loan Bank forgiven at a rate of 20% per year.
- Matching Grant requires Borrower puts in 25% of the down payment to recieve the matching down payment assistance Grant.
- This Down Payment Grant can be used with either an FHA, USDA or a Conventional mortgage loan.
- Buyer must be First Time Home Buyer or hasn't owned a home in most recent 3 years.
- Primary Residences only.
- FHA, USDA or Conventional Mortgage Lender credit available.
- No Bank Statements needed.
- Maximum purchase price not to exceed the FHA limits in the counties being considered.
- Household Income must be at or under 80% of the HUD Median Income for the county where the property is located. Additional non-earning people living in the house substantially raises the HUD County income limits, children included.
- 1-hour Mortgage Counseling conversation with FHLB required.
- Co-Signors/Non-occupying Co-Borrowers allowed if related by blood, marriage or law and Agency guidelines.
- No Bankruptcies in last 2 years and no foreclosure last 3 years for FHA version.
- No Bankruptcies in last 4 years and no foreclosure last 7 years for Conventional version.
- Minimum middle credit score 640
- Can be used with FHA DU, Conventional Freddie MAC LP AUS only, not Fannie Mae DU AUS.
- Maybe combined with VA Loans written by same Lender.
- No Prepayment Penalty Fee if First Mortgage loan is paid out early.
Other Florida First-Time Home Buyer & Down Payment Assistance Programs:
- First Time Home Buyer 105% Special Financing with No Income Limit
- 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 Homebuyer 100% Special Financing with No Mortgage Insurance
- Manatee $10,000 Key Ownership Down Payment Assistance Grant for First Time Home Buyers
- First Time Home Buyer Special Financing matching Grant Loan by FHLB
- OWN A HOME Down Payment Assistance Grant (Not required to be a 1st Time Home Buyer)
- Newest First Time Home Buyer program for so many Occupations! Up to $25,000 in Down Payment Assistance!
- 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
- 1st Time Home Buyer 3%-5% Grant for Down Payment Assistance
- First Time Home Buyer 3.5% Grant for FHA Down Payment Assistance
- First Time Home Buyer $10,000 deferred Down Payment Assistance loan
- $10,000 Down Payment Assistance for First Time Home buyers!
- Home Key Down Payment Assistance programs for Pinellas, Pasco and Polk County Florida
- Down Payment Assistance Unlimited Income Grant for 100% Financing for Home Financing!
- Palm Beach County 1st Time Home Buyer Grant and Down Payment Assistance Program
- Miami-Dade 1st Time Home Buyers Down Payment Assistance program
- USDA - 100% Home Financing and lower Mortgage Insurance than FHA Loans!
- Salute Our Soldiers 100% VA Loan Program for Honorably Discharged Veterans
- Investor Real Estate Loans for Rental Property purchase!
- Bank Statement loans for the Self Employed up to $3M!