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Florida Assist
Florida Housing Finance Corporation
www.floridahousing.org/Home/HomebuyersRenters/FTHB/

Contact


Florida Housing Finance Corporation
227 North Bronough Street Suite 5000
Tallahassee Florida 32301
(800) 814-4663






Program Overview


Florida Assist is a program that provides forgivable no-interest loans to assist with down payments and closing costs.

The application fee is $ 75 (maximum).


Who is eligible for thisTest program?


Borrowers in Miami-Dade and Broward Counties must be first-time homebuyers, or homebuyers who have not owned a home in three years. For borrowers in Miami-Dade, the maximum income for a four person household is $78480. For borrowers in Broward COunty, the maximum income for a four person household is $81720. Funds may be used to pay a down payment, closing costs, and prepaids.

Is thisTest program for first time buyers only? Yes


Property Eligibility Requirements


The sales price cannot exceed $ In Broward County $391,153, or $478,076 for a home in a federally designated target area. In Miami-Dade, the maximum price is $391,153, or $478,076 for a home in a federally designated target area..
Allowable property types: Single-family homes; townhouses; condominiums; manufactured homes that meet FHA requirements; multiple-unit (up to four) homes.


Benefit Details


No-interest loan to be repaid when the home is sold, transferred, or refinanced, or if the mortgage is satisfied, or the borrower no longer occupies the home. The maximum loan amount is $7500.

Benefit: No-interest, forgivable loan for closing costs and down payments.
Loan Term:30 years
Homebuyer Counseling /
Education Required:
Yes
Owner Occupancy Required:Yes

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