Housing Choice Voucher Homeownership Option
Eligibility Requirements
Any individual applying for the Housing Choice Voucher Homeownership Option must qualify for a conventional, FHA, or VA mortgage loan and must be a first- time homebuyer. Their total annual income must be at least $15,000 (disabled and /or elderly are exempt from this requirement). Applicants must be employed full-time, continuously for at least one year and contribute a minimum of 3% of the purchase price toward the down payment. They must be in good standing with the Housing Authority and attend and complete homeownership counseling workshops. Homebuyers may choose a house for purchase anywhere in Broward County, and the property will be inspected by the HACFL and the buyer’s own inspector.
Note: All information mentioned above was accurate at the time of publication and may no longer be current - visit the program website for updated information.
First-Time Homebuyer Programs in Florida
Miami First Time Homebuyer Program
The City of Miami's First Time Homebuyer program helps eligible applicants purchase their first home by providing low-interest assistance loans.
City of Orlando First-Time Homebuyer Program
The City of Orlando's Down Payment Assistance (DPA) Program provides assistance to qualified first-time homebuyers for the down payment and closing costs associated with purchasing a home.
The Tallahassee Lenders' Consortium First-Time Homebuyer Program
The Tallahassee Lenders' Consortium First-Time Homebuyer Program provides down payment assistance to first-time homebuyers, lessening the burden of upfront costs associated with the mortgage process.
City of St. Petersburg Purchase Assistance Program
The City of St. Petersburg offers eligible applicants assistance with the Purchase Assistance Program to help them afford the upfront costs of buying a new home.
Duval County Home Sweet Home Program
The Home Sweet Home Program helps income-eligible applicants by offering down payment and closing cost assistance
Housing Choice Voucher Homeownership Option
The Housing Authority of the City of Fort Lauderdale's Housing Choice Voucher Homeownership Option offers eligible first-time homebuyers monthly assistance to purchase a home rather than rent.
First-time homebuyer assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.
FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.
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