Up to 5% of the total loan amount! ($35,000 Max)

• 30 yr fixed 1st mortgage with a competitive rate.
• 1003 or credit qualifying income only. Household income is NOT considered.
• Not subject to recapture Tax.
• Prepayments are permitted at any time without penalty.
• Manual Underwriting is permitted with Conventional and FHA financing.
• Borrowers with less than 80% AMI qualifies for reduced MI cost with conventional financing.
• USDA-RD has no maximum cap on loan limits.
• Veterans do not need to be a First Time Homebuyer is served in active military, naval, or air service and was discharged/released under conditions other than dishonorable.
• Maximum income and purchase price limits vary depending on insurer and/or product. 

• 5% of the Total Loan Amount not to exceed $35,000, in the form of a 0% interest, deferred payment (no monthly payment), 2nd mortgage.
• 1003 or credit qualifying income only. Household income is NOT considered.
• Not subject to recapture Tax.
• Prepayments are permitted at any time without penalty.
• USDA-RD has no maximum cap on loan limits.
• Maximum income and purchase price limits vary depending on insurer and/or product. 

 Special Conventional Financing with $0 Mortgage Insurance!

• 30-year / 100% LTV first mortgage loan.
• Must have 1 month PITI reserves.
• If Census Tract has a 50.01% Minority population, there is NO income limit.
• If Census Tract is in a Low to Moderate Income area, there is NO income limit.
• No upfront or monthly mortgage insurance is required by Borrower.
• The program is available to anyone who can qualify for a Fannie Mae Conventional Loan.
• Minimum 640 middle FICO 5-4-2 credit score for 100% financing and No Mortgage Insurance. No non-traditional credit can be used.
• This program has income limits of 100% of the HUD Median Income for Low to Moderate HUD Tract Income Level and 80% of the Income Tract Level if tract is not in Low to Moderate Income level.
• This program can be used in all Florida, Georgia, and Alabama Counties.
• Eligible Borrowers include US Citizens and Permanent Resident Aliens.
• Maximum LTV 100% loan amount up to Conventional loan limits per individual county.
• 1 unit only - Single Family Residence, Townhouses, Manufactured and Mobile homes allowed.
• Borrowers 1003 income used only for household income limitation. Only Applicant 1003 income used for qualification purposes.
• NO mortgage insurance for Borrower with this Conventional loan program.
• Seller contribution 6% maximum towards Buyer’s closing costs.
• There are no targeted areas for this loan program.
• Purchase only, no construction to permanent loans - no investment properties.
• Owner Occupants only. No Non-Owner Occupied, No Co-Signors allowed. No Investors allowed.
• 2-years of Federal Tax returns required.
• Buyer can not own any other residential property at the time of closing.
• At least one first-time home buyer must complete a HUD Approved, MI Company, or Agency Homebuyer Education course.
• Gift Funds from family allowed.
• No Foreclosures, Bankruptcies, Deed in Lieu or Short Sales in past 4 years from application date.

 $0 Mortgage Insurance available for select counties!

• This program can be used in these counties: Polk, Orange, Marion, Broward, Duval, & Escambia.
• 30-year / 100% LTV first mortgage loan.
• Must have 1 month PITI reserves.
• If Census Tract has a 50.01% Minority population, there is NO income limit.
• No upfront or monthly mortgage insurance is required by Borrower.
• The program is available to anyone who can qualify for a Fannie Mae Conventional Loan.
• This loan is manually underwritten with max 45% DTI.
• Minimum 600 middle FICO 5-4-2 credit score for 100% financing and No Mortgage Insurance. No non-traditional credit can be used.
• 50.01 minority no income limit OR 100% or less of the MSA Area Median Income.
• Eligible Borrowers include US Citizens and Permanent Resident Aliens.
• Maximum LTV 100% Conventional loan amount $400,000.
• 1 unit only - Single Family Residence, Townhouses, Manufactured and Mobile homes allowed.
• Borrowers 1003 income used only for household income limitation. Only Applicant 1003 income used for qualification purposes.
• NO mortgage insurance for Borrower with this Conventional loan program.
• Seller contribution 6% maximum towards Buyers closing costs.
• Purchase only, no construction to permanent loans - no investment properties.
• Non-Owner-Occupied Co-Signers allowed.
• 2-years of Federal Tax returns required.
• Must be a First Time Home Buyer
• All First Time Home Buyers must complete a HUD Approved, MI Company, or Agency Homebuyer Education course.
• Gift Funds from family are allowed.
• No Foreclosures, Bankruptcies, Deed in Lieu or Short Sales in past 3 years from note date.
• No cash back at closing with only exceptions being Earnest Money deposit, Appraisal money and Home Inspection funds with receipt and evidence of home inspection.

FHA Forgivable DPA!

• Assistance up to 5% of the sales price or appraised value, whichever is lower.
• High Balance loans permitted with 3.5% and 5% DPA.
• Additional properties owned permitted. A LOE may be required.
• Interested Parties’ contribution of up to 6% of the sales price is permitted but must include any temporary interest rate buydowns in the calculation.
• Alternatively, the mortgagee may begin amortization up to ten (10) days prior to the disbursement date and provide a per diem interest credit. Any per diem interest credit may not be used to meet the Borrower’s MRI. Per diem interest must be computed using a factor of 1/365th of the annual rate.
• 3.5% and 5% soft second has no payment, zero-interest, forgivable after 36 consecutive on-time payments on the FHA first mortgage (as long as never 60+ days late).
• Forgivable second liens may qualify for subordination after the initial thirty-six (36) payments being made on the first mortgage. This applies for both the forgivable 3.5% DPA and 5% DPA.

FHA Repayable DPA!

• Assistance up to 5% of the sales price or appraised value, whichever is lower. 
• No income limits.
• High Balance loans permitted with 3.5% and 5% DPA.
• Interest rate is the same as the 1st mortgage loan.
• Additional properties owned permitted. A LOE may be required.
• Interested Parties’ contribution of up to 6% of the sales price is permitted, but must include any temporary interest rate buydowns in the calculation.
• Alternatively, the mortgagee may begin amortization up to ten (10) days prior to the disbursement date and provide a per diem interest credit. Any per diem interest credit may not be used to meet the Borrower’s MRI. Per diem interest must be computed using a factor of 1/365th of the annual rate.

*This applies for both the forgivable 3.5% DPA and 5% DPA.

 5 Year Forgivable 2nd or 3rd Mortgage!

• Income must be <= 80% of the county Area Median Income (AMI) adjusted for family size, as published by HUD.
• Eligible Use of Funds: Down payment, closing costs, and pre-paids for the purchase of a Primary unit.
• Funds cannot be used to buy down the rate.
• Max DTI = 45%
• 105% CLTV for Closing Costs
• Up to $5,000 in a Forgivable Grant down payment assistance grant.
• Not Assumable
• Eligible Borrowers: US Citizens, Permanent Resident Aliens, and Non-Permanent Resident Aliens (must have a valid social security number and unexpired, acceptable visa or employment authorization documentation).
• Ineligible Borrowers: Non-Occupant Co-Borrowers, LLCs or Corporations, Irrevocable Trusts or Blind Trusts, Foreign Nationals, Non-Resident Aliens.
• Funds cannot be used to pay off debt to qualify or buy down the rate.
• At least one borrower must complete a HUD-approved, MI company, or Agency Homebuyer Education course.
• Future Employment not eligible.
• The borrower may not have ownership interest in any other residential dwelling at the time of closing. Manufactured homes, regardless of ownership classification, are considered residential dwellings for this purpose.
• Primary Residence Only
• Eligible Property Types: 1 Unit Single Family Residences and PUDS (Attached and Detached), Fannie Mae Warrantable Condominiums, and Manufactured Homes: Singlewide and multi-wide are eligible.

$30,000 in down payment and closing cost assistance in the form of 0% Interest!

• For buyers purchasing in unincorporated Hillsborough County with income at 80% AMI or lower (based upon household size). 
• 30-year deferred second mortgage that is never forgiven AND the Mortgage Credit Certificate (MCC). 
• Borrowers purchasing in Jacksonville and Hillsborough County receive the added benefit of a MCC with every loan.
• The terms of the Assistance offered by each eligible area are the same.
• 0% Interest, 30-year deferred second mortgage that is never forgiven.
• The amount of assistance will vary by eligible area: Brevard County $15,000, Clay County $20,000, Hillsborough County for borrowers above 80% AMI - $15,000 (includes loans in unincorporated 
• Hillsborough County including the City of Temple Terrace and Plant City). Loans originated in the City of Tampa $5,000 no matter the AMI%, Jacksonville (Duval County) $10,000
• Must be a First Time Home Buyer
• The Home Sweet Home Program does not require a borrower be employed in a specific occupation to receive assistance.