City of Orlando
  

Downpayment Assistance for First Time Homebuyers 

Money Currently Available: YES (updated 9/19/08 - always call to verify) 

Maximum Sales Price: $247,387

Income Guidelines/How Much Downpayment You Get:

HOUSEHOLD SIZE  

You Get $30,000

if you make <

You Get $20,000

if you make <

 You Get $10,000

if you make <

 1 PERSON

 $20,700

 $33,150

 $49,680

 2 PEOPLE

$23,700

 $37,900

$56,880

 3 PEOPLE

$26,650 

$42,600 

 $63,960

 4 PEOPLE

$29,600 

$47,350 

$71,040 

 5 PEOPLE

$31,950 

 $51,150

$76,680 

 6 PEOPLE

$34,350 

 $54,950

$82,440

7 PEOPLE

$36,700

$58,700 

 $88,080

 8 PEOPLE

$39,050 

 $62,500

$93,720 

  • Teachers, public safety personnel and City of Orlando employees eligible for $20,000 even if not within income guidelines of the above chart
  • You may also combine this with bond money for additional down payment assistance
  • Needs to be paid back in full if you live in the property less than 10 years
  • 620 minimum credit score plus max. 45% debt to income ratio and 38% max. housing expense to income ratio
  • Pre-purchase class plus three post-purchase counseling sessions. To register for the class call HANDS at 407-445-5686 or visit www.cflhands.org
  • Can't have more than $7500 liquid assets unless using for down payment  

Contact:

407-246-3036

http://www.cityoforlando.net/housing/DPA/Down%20Payment.htm