Existing Homes: $154,000.00
Other programs available for Down Payment Assistance...
Sales Price Limits Cannot Exceed
Florida Housing Finance Corporation
They offer some down payment assistance programs. Their income guidelines are higher than ours. They have certain lenders.
USDA Rural Development
Caters to Franklin, Gadsden, Leon and Wakulla County. They will loan you funds as long as you fall in their income guidelines. Their office is located in Marianna. Dial (850) when contacting.
TLC's Down Payment Assistance (DPA) is a LOAN. It pays for some of your down payment and closing costs up to $7,000 for homes purchased in the City limits. As the homeowner, you are required to put $500.00 of your own monies in. It’s best to save around $1200- $2000 for other out of pocket pre-purchase expenses related to the purchase.
Very low-income clients (50% or below AMI) may qualify for down payment assistance up to $12,000. The intake counselor will determine whether you meet these guidelines.
The down-payment is secured by a second or third mortgage loan at zero interest with no required payments. The loan is due back in payments of $500 or greater, and payable upon :
3. No longer occupies as primary residence
4. Maturity of first mortgage (Typically 30 years)
Big Bend Habitat for Humanity
In order to qualify for them, it is mandatory that you are currently in substandard housing. They also have income limits.
New Construction Homes: $228,000.00
Escambia County Housing Finance Authority
Offers down payment assistance to Jefferson, Gadsden, Leon, Wakulla and many other counties.
They will loan you up to $7,500 DPA
They have there own member lenders and their income limits are higher than ours.
Down Payment Assistance
Call Us: 850.222.6609x100