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Call Us Toll-Free: 877-629-SOLD (7653)
Buyer's Choice Realty |
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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 |
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