Here are your down payment options under the FL Bond program:
- USDA– 0% down
- VA– 0% down
- FHA– 3.5% down
- Conventional– 3% or 5% down
Here are your down payment options under the FL Bond program:
All programs have income limits as of 1/2020.
FLORIDA ASSIST= Loan up to $7500, 0% down, 30 year deferred
FLORIDA HLP= Loan up to $10,000, 3% down, 15 year amortizing
FLORIDA 3% AND 4%, PLUS SECOND MORTGAGE= 0% Interest, 5 year deferred and forgiven at 20% per year
PLUS SECOND (Assistance Amount) remains as 3% or 4% of the purchase price and is automatically calculated.
HOUSING FINANCE AUTHORITY = Loan up to $7500, 0% down, 30 year deferred
Here are the income limits for Seminole County:
1-2 household family member – $69,400
3-4 household family members – $79,810
The property value limit is $283,348 (Non-targeted) and $346,315 in Seminole County.
Interest Rate and income limits for the FL Housing First Time Homebuyer Program The interest rate for the FL Bond Program changes over time. Your lender will be able to confirm the current interest rate once you are pre-approved.