09/16/2022 Show The City of Hollywood announces the availability of two beautiful, fully renovated homes for sale, along with up to $70,000 in purchase assistance for the qualified, eligible homebuyer. This opportunity is for homebuyers with gross annual household income at or below 80% AMI. 550 North 66 Terrace, Hollywood, 33024 $382,194 purchase price 3 bedroom/2 bath, 1,475 square foot single-family home 2323 Cleveland Street , Hollywood, 33020 $350,000 purchase price 2 bedroom/1 bath, 922 square foot single-family home with 1-car garage All applicant submissions will be accepted starting Thursday, September 29, 2022 at 9 a.m. and reviewed for completeness on a first-come, first-qualified basis. Priority will be given to current City of Hollywood residents with proof of residency (Government issued identification, utility bill or lease with a Hollywood address), however all applicants will be accepted. Visit the City’s website for all the program details: https://www.hollywoodfl.org/1435/City-owned-Homes-For-Sale 09/13/2022 Are you a Home Buyer looking for a home in Forsyth County, North Carolina? Act now and apply for the Forsyth County Community & Economic Development Down Payment Assistance programs: You may earn up to $50,000 in funds towards Down Payment and Closing Costs! CLICK HERE for additional information 09/1/2022 Bank of America Introduces Community Affordable Loan Solution™ to Expand Homeownership Opportunities in Black/African American and Hispanic-Latino Communities. This new program is in addition to and complements Bank of America’s existing $15 billion Community Homeownership Commitment™ to offer affordable mortgages, industry leading grants and educational opportunities to help 60,000 individuals and families purchase affordable homes by 2025: CLICK HERE for more information. 08/25/2022 Click the flyer to register! 08/15/2022 Interested buyers must take part in a mandatory Workforce Housing Program introductory orientation. Registration link for the orientation: https://survey.pbcgov.com/s3/HED-Registration 08/04/2022 07/21/2022 The City of Lauderhill's Purchase Assistance Program is open! PURCHASE ASSISTANCE PROGRAM AWARD SUMMARY The program is offered on a FIRST QUALIFIED, FIRST CLOSED, FIRST SERVED basis. TERMS Loan is forgiven on a prorated basis, per annum: Ten percent (10%) for 10 year terms, and Sale; BEST PRACTICE Take a HUD-approved homebuyer education course and obtain the certificate; ADDITIONAL INFORMATION Applicants must contribute no less than 3% of the purchase price towards their down payment. At least 1.5% of the 3% contribution must be of the owners own funds. At maximum, 1.5% of the 3% contribution may be in the form of a gift, so long as the source of the gift is revealed. The assisted property must have insurance by closing date. The City will not accept any position less than second in the mortgage/lien process. Visit our Eligibility Criteria page for additional requirements. Frequently Asked Question may assist with additional questions regarding the City's Homebuyer Purchase Assistance Program. 07/14/2022 The Section 8 waiting list is opening for the Housing Authority of the City of Miami Beach from Monday, July 25th, until Thursday, July 28th! Please see flyer below for more information: 07/12/2022 07/07/2022 Housing Connect GSO’s Homebuyer Assistance Program is a source of financial assistance for first-time homebuyers purchasing homes within Greensboro city limits. See information below or Click Here 06/30/2022 Act now! Homeowners Assistance Funding is Available now for The City of Hollywood! Click the link or image below for more information: http://www.hollywoodfl.org/CivicAlerts.aspx?AID=1099 06/23/2022 Please click the link below for more information on the Broward County Home buyer Purchase Assistance Program: BCHPApowerpoint5-18-22.pdf 06/21/2022 2022HPALenderGuidelines-5-17-22.pdf 06/16/2022 06/02/2022 The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans. For additional information call HFA at 954-923-5001, also see resources below: https://fb.watch/doIAlcKlyN/ https://www.floridahousing.org/programs/homebuyer-overview-page/hometown-heroes This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence in the community in which they work and serve. The Florida Hometown Heroes Loan Program also offers a lower first mortgage rate and additional special benefits to those who have served and continue to serve their country. Program Details:
05/26/2022 40 applications will be available online by visiting the website at pbcgov.com/HED beginning Monday, 05/19/2022 We’re excited to have a nonprofit profile live on Spiral! With Spiral’s matching program, your donation to Housing Foundation of America, Inc. goes further when you give through Spiral. Upon signing up, you will automatically earn a minimum donation credit of $5.00 that you can donate to Housing Foundation of America! Find Spiral on the app store and create a free personal Spiral bank account to explore the app and banking features. Sign up to be a Spiral customer: https://app.spiral.us/auth/register The Benefits of Donating Through Spiral:
Disclaimer: Learn more about banking for the socially responsible here and consider setting up your donation to Housing Foundation of America, Inc. *Spiral is a technology company, not a bank, Banking services provided by nbkc bank, Member FDIC 05/05/2022 04/28/2022 Chenoa Fund is a national down payment assistance program provided through CBC Mortgage Agency. CBC Mortgage Agency's mission is to increase nationwide affordable and sustainable homeownership, with a focus on creditworthy, low and moderate-income individuals. Click anywhere on the flyer below for additional information: 04/14/2022 Down Payment Assistance Programs: Florida Housing Disclaimer: Only through participating lenders Florida Housing offers down payment and closing cost assistance in the form of a second mortgage loan to assist eligible homebuyers with their down payment and closing costs. Down payment assistance is only available when used with Florida Housing's first mortgage loan. Down payment assistance is NOT available as "stand alone" down payment assistance. Florida Housing offers the following Down Payment Assistance Programs to eligible buyers: The Florida Assist (FL Assist)
The FL Assist is not forgivable. Repayment is deferred, except in the event of the sale, transfer, satisfaction of the first mortgage, refinancing of the property or until such a time the mortgagor ceases to occupy the property at which time, the Florida Assist will become due and payable, in full. The Florida Homeownership Loan Program (FL HLP) Second Mortgage
The FL HLP Second Mortgage carries a monthly payment. The remaining unpaid principal balance (UPB) is deferred, except in the event of the sale, transfer of deed, satisfaction of the first mortgage, refinancing of the property or until such a time the mortgagor(s) ceases to occupy the property as his/her primary residence at which time, the FL HLP Second Mortgage will become due and payable, in full. Since the FL HLP Second Mortgage carries a monthly payment, this payment may need to be considered in a borrower’s debt-to-income (DTI) ratio when credit underwriting. 3%, 4% and 5% HFA Preferred and HFA Advantage PLUS Second Mortgage Borrowers utilizing these down payment and closing cost programs receive 3%, 4% or 5% of the total loan amount in a forgivable second mortgage. This second mortgage is forgiven at 20% a year over its 5-year term when used with Florida Housing’s conventional HFA Preferred for TBA or HFA Advantage for TBA first mortgage products. The “PLUS” Second Mortgage is available only with these conventional first mortgage products. 03/24/2022 Are you looking for assistance in buying your first home? The City of Miami's First Time Homebuyer program provides zero percent (0%) deferred loans to first-time homebuyers purchasing a property in the City of Miami if they qualify based on their income category. Click the link below for more information: https://www.miamigov.com/Housing-Assistance-Recovery/Home-Ownership/Apply-for-First-Time-Homebuyer-Assistance 03/16/2022 The City of Tamarac is hosting a virtual Purchase Assistance Information Session! Click the flyer below to register. For more information go to: https://tamarac.org/443/Down-Payment-Assistance 03/03/2022 Click the link below to see new information regarding Statewide Homeowner Mortgage Assistance. The Florida Department of Economic Opportunity (DEO) is running the program. https://www.floridajobs.org/community-planning-and-development/homeowner-assistance/homeowner-assistance-fund 02/24/2022 02/17/2022 Click the link below to view the full article by the Sun Sentinel: https://www.sun-sentinel.com/business/fl-bz-florida-mortgage-assistance-20220217-6756hcrzd5eengvbc3jzywkvgu-story.html Florida will distribute $676 million in homeowner mortgage assistance "the U.S. Treasury Department on Feb. 9 approved Florida’s plan to distribute $676 million in federal homeowner assistance funding included in the $1.9 trillion American Rescue Plan enacted in March 2021." Here are some eligibility facts Own a one- to four-unit residence that is their primary residence. 02/17/2022 Delray Beach: New Affordable Housing Development Coming Soon! Development of Island Cove – An Affordable Housing Community Located between SW 8th Street and SW 10th
Street (north and south respectively) & SW 12th Ave and SW 13th Ave (east and west respectively) For more information go to: http://dbha.org/development-update/ 02/10/2022 The City of Miramar is still accepting applications for the CARES Act, for more information and to download to application go to: https://www.homeapproved.org/miramar-erap 02/3/2022 Habitat for Humanity is now accepting applications for their homeownership program! The deadline to apply is March 31st Apply today before space runs out! Click link to go to the application: https://www.habitatbroward.org/homeownership/applicationprocess/ 01/21/2022 1/13/2022 Under this program, the Hallandale Beach CRA (HBCRA) provides a maximum amount of $80,000 in down payment assistance for the purchase of a first home in the CRA district. These funds are available to affordable housing buyers (whose income is between 50% and 120% of the Broward County median income guidelines) to be used for gap funding and closing costs. The program also provides an incentive of up to $10,000 in down payment assistance for workforce housing buyers whose income is above 120% but not more than 140% median. An additional $5,000 incentive is available for first responders, teachers and nurses. Go to https://cohbcra.org/programs/residential-programs/ for more information. Download the First Time Home Buyer Program application packet at: FIRST-TIME-HOMEBUYER-PROGRAM.pdf 1/6/2022 To be placed on the 2022 Waiting List for a particular unit size and rent rate please follow the link below to complete our Wait List Application, starting at 10:00 am on Thursday, January 13, 2022. https://www.tfaforms.com/4755790 The rent schedule is below. Davis Landings units have different rents based on income restrictions for certain apartments and also on the income category of the applicant household which is based on income and family size. You will be called from the Waiting List based on unit availability and if the available unit matches your household size and stated pre-tax income. Please contact our office at (561) 318-8442 if you are unable to complete the online form. The Waiting List Application Form must include family size and pre-tax combined household income. That way I can determine which apartment (size and rent rate) you are eligible for. If your income changes or contact information changes, please contact the office so that your Wait List application form can be updated. The Waiting List is kept until December 31 of each year and then purged. The Waiting List is re-opened the second Thursday in January each year.
The office is at Davis Landings and is open virtually from Monday – Friday 9:00-5:00. Other Important Davis Landings Apartment Information: If a tenant does not renew their lease or if a tenant’s lease is terminated by us, we pull from the Waiting List applications based on unit size, income category and the date the Waiting List Application was submitted. If your application is pulled from the Waiting List you will need to submit a completed application and the relevant documents from the Checklist. Additional Davis Landings Rental Information is: · The Security Deposit is one month's rent. Then applicants pay the 1st month's rent at the time of move-in. · Utilities are not included in the rent. Electricity service is provided by Lake Worth Beach Utilities and the water by PBC Water. The property is wired for Comcast. · One pet is allowed and it must be less than 25lbs. · The application fee is $30.00 per adult. It involves a background check and credit check. The background/credit check process takes about 7-10 days. No felonies involving crimes against another person or another person's property are allowed. LaJoya Villages is our partner property. It is located at 1105 6th Ave South, Lake Worth which is between 6th Ave and “F” St in Lake Worth. The LaJoya Waiting List is currently open. LaJoya Villages has 55 affordable 2 and 3 bedroom units for rent. These apartments are income-restricted at 50%AMI and 60%AMI. Please contact the Management Office at 561-945-8424 for information on their Wait List form and policies. 12/23/2021 11/4/2021 The City of Pompano Beach has Purchase Assistance Funds available! See 2021 income and purchase price guidelines below Click the link to download and complete the application checklist for list of required documents: FTHB CHECKLIST 09.10.2021.pdf 10/18/2021 The City of Boca Raton will begin accepting applications at 8:00 am on October 19, 2021. All applications must be submitted through the online application portal; paper applications are not available for this program. Go to https://www.myboca.us/1923/32962/Rental-and-Foreclosure-Programs for more information 10/14/2021 The City of Orlando has down payment assistance funds available! See Income Eligibility Chart below. Click the photo below or go to https://www.orlando.gov/Building-Development/Housing-and-Development-Grants-Incentives-and-Assistance/Housing-Assistance-Programs/Request-Down-Payment-Assistance/About-the-Down-Payment-Assistance-Program#section-1 for more information. 10/6/2021 09/30/2021 Community Partners Loan Pool The North Carolina Housing Finance Agency provides financing to local governments and nonprofit organizations to build and rehabilitate homes for low-wealth North Carolinians. The Community Partners Loan Pool (CPLP) provides qualified home buyers with down payment assistance: Up to 20% of the sales price, not to exceed $30,000 (effective May 1, 2018), when using a NC Home Advantage Mortgage™. Up to 10% of the purchase price when using a USDA’s Section 502 loan. CPLP assistance is structured as a 0% interest, deferred second mortgage. The term of the CPLP loan matches the term of the first mortgage. The CPLP Loan has no monthly payment and is typically repaid when the home is sold or at the end of the loan term. Borrowers may combine a CPLP loan with the NC 1st Home Advantage Down Payment or the NC Home Advantage Tax Credit as well as with other down payment assistance loans or grants. The program is available through local community partners. 09/16/2021 06/23/2021 06/23/2021 05/04/2021
Helpful Links Bank of America’s Community Homeownership Commitment® Bank of America Down Payment Center Low Down Payment Loans Bank of America Real Estate Center® Bank of America First-Time Homebuyer Online Edu-Series™ Better Money Habits® 04/16/2021 Visit https://www.broward.org/RentAssistance/Pages/default.aspx for more details! 03/23/2021 02/5/2021 10/2/2020 Helpful InformationOur Resources can help you understand the home buying process and your rights, provide you with information about the available down payment grants, help you locate resources in Miami-Dade, Broward, and Palm Beach counties, and much more. Also check out our glossary to understand unfamiliar terms. Select a County above to get started. Knowledge is Power! How much do first time home buyers have to put down in Florida?Down payments vary depending on the loan program you choose. With conventional loans, you often only need to put 3% down. With an FHA loan, you'll need to put at least 3.5% down. Through Florida's first-time homebuyer assistance programs, you may be able to get a second loan to cover this down payment.
What programs are available for first time homebuyers in Florida?5 Programs Available for First-Time Homebuyers in Florida. Florida HFA Preferred Conventional Loan. ... . Florida HFA Preferred 3% Plus Conventional Loan. ... . Florida First and Military Heroes Government Loan Programs. ... . HFA Preferred Grant. ... . Florida Mortgage Credit Certificate Program (MCC). What benefits do first time home buyers get in Florida?Florida Mortgage Credit Certificate Program (MCC)
The Mortgage Credit Certificate program allows the first-time homebuyer to claim 10%-50% of their mortgage interest up to $2,000 for as long as they live in the home. The balance can still be claimed as mortgage income tax credit.
What cities have the best first time home buyer programs?Ultimately, Pittsburgh comes out on top at the No. 1 U.S. city for first-time homebuyers. On Pittsburgh's heels is the Minneapolis metro area, tightly followed by Cincinnati.
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