Secondary Financing program, which allows hud-approved nonprofit organizations and Governmental Entities to provide secondary financing assistance to homebuyers utilizing FHA insurance on a first mortgage when that assistance is secured with a second mortgage or lien. Nonprofit Organizations and Governmental Entities Program Information:
The Down Payment Assistance program is offered to all borrowers in Hillsborough, Brevard, Clay and Duval Counties and Jacksonville City Florida who meet income, purchase price and other program guidelines, and can otherwise qualify for an FHA mortgage loan. Maximum Purchase price for per county: Brevard County $253,809
First Time Homeowner Down Payment Program Eligibility. A prospective homebuyer must: Be a first-time homebuyer. Complete a homebuyer education course taught by an HPD-approved counseling agency. Have their own savings to contribute to the down payment or closing costs. Meet program income eligibility requirements.