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March 10th, 2010 

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Downpayment Assistance for First Time Homebuyers

Money Currently Available: YES from Oct. 6-Oct. 31 (updated 9/19/08 - always call to verify)

Maximum Sales Price: $200,000 ($240,000 within the City of Kissimmee)

Income Guidelines/How Much Downpayment You Get:

HOUSEHOLD SIZE

You Get $69,900

if you make <

You Get $59,900

if you make <

You Get $39,900

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

  • 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
  • Max. 38% housing to income ratio and 43% debt to income ratio
  • Pre-purchase class required through Osceola County Extension. The cost is $5.00 for materials. To register, call 321-697-3000.

Contact:

407-742-8400

http://www.osceola.org/index.cfm?lsFuses=department/Housing/Housing_DPA

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