Down Payment Assistance Unlimited Income Grant for 100% Financing for Home Financing!
Updated July 10, 2023UNLIMITED INCOME Mortgage Grant Unlimited Edge 100% for Down Payment Assistance in Florida for your Home Financing.
Program Features:- UNLIMITED INCOME Edge 100% Down Payment Assistance Grant in Florida for Primary Residence Home Financing.
- Provides 3.5% in down payment assistance grants in ALL Florida Counties for both FHA and conventional loan versions.
- 3.5% down payment assistance grant is in the form of a forgivable 0%, "silent second" mortgage. 36 months of consecutive on-time payments must be made for "silent second" mortgage grant to be forgiven.
- 30 year fixed term.
- Down payment assistance grant in Florida for all counties.
- Buyer does not need to be 1st time home buyer.
- Unlimited income per household whether you're a first time home buyer or not!
- Back end debt to ratio less than 49.99% on all mortgages.
- Must be primary residence, no Investors.
- Must NOT have other concurrent residential real estate.
- Stick built homes or manufactured homes allowed for Conventional and Government Agency loans (FNMA, FHA, VA and USDA).
- Non-Owner Occupant Co-Borrowers allowed for Credit only, NOT income.
- Competitive mortgage Interest rates.
- Can be used with Conventional mortgages (3.5%), VA mortgages (3.5%), FHA mortgages (3.5%) and USDA mortgages (3.5%)
- Supplemental Alternative credit NOT allowed. No manual underwrites.
- Borrower must qualify for Conventional, FHA, USDA or VA Loan.
- Duplexes ARE allowed. NO triplexes or quadraplexes.
- NO Income limit for this Florida Down Payment Assistance grant program.
- Maximum loan amount of FHA limits in area purchased. Generally the lesser of $424,100 (not including MI) or maximum loan amounts permitted by HUD.
- Home Buyer Education required to recieve down payment assistance grant.
- Minimum middle FICO credit score is 660 or higher.
- Maximum debt-to-income 50% depending on credit score, compensating factors and Automated Underwriting findings.
- 47% LTV or higher must have 12 months documentable rental history.
- No Prepayment Penalty Fee if 1st mortgage loan is paid out early.
- No cash back to Borrower / Home Buyer.
- Seller can contribute up to 6% towards FHA, VA or USDA and 3% for all conventional down payment assistance loan closing costs.
- No 203k Renovation loans allowed.
Other Florida First-Time Home Buyer & Down Payment Assistance Programs:
- 100% Community Advantage Special Conventional Financing
- 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!