Volusia County Homebuyer Assistance Program
can help with as much as $36,000 toward your home purchase.
Are you looking for assistance in buying a new home? I can help walk you through the process with an approved Home Buyer Assistance approved lender. Depending on your income you could be eligible for assistance with the down payment of your new home and even help with your closing costs.
The maximum purchase price for a home in this program is $225,000. All of the homes below meet this requirement
Here are some more details on how the Homebuyer Assistance program works
Eligibility Requirements for assistance with down payment and closing costs:
First and foremost the home must be located in Volusia county Florida. The house must be livable and the home cannot exceed the purchase price of $225,000. Give me a call and Ill help you find the right home!
If your applying for Home Buyer Assistance you cannot have previously received this assistance. It is a one time only program!
You must be a first time home buyer, you cannot have owned a home in the last 3 years.
To be able to qualify for this down payment and closing cost assistance you must be able to secure a first mortgage. You will need to have at least a 640 credit score.
Please see the chart below for family size and maximum income requirements for eligibility:
There are additional eligibility requirements for assistance with your down payment and closing costs. Please give me a call 386 315 4744 so I can help you through the process with an approved Home Buyer Assistance lender.
Maximum Home Buyer Assistance Loan Amounts are currently as follows:
Applicants must be able to contribute a minimum dollar amount towards the down payment of their new home purchase according to the household income:
What’s the real story here?
Basically this is a silent second lien with no payments required. If property change hands within the 15 years all the grant money must be paid back to the county at closing, if the buyer has lived in the home for 10 years and the property changes hands the amount that is paid back to the county is prorated. Read more below for more details on how this works or give me a call 386 315 4744 so I can help you through this process with an approved Home Buyer Assistance lender.
Volusia County Home Buyers Assistance Program Features:
The county provides the funds for closing cost and down payment as a 0% interest, deferred second, non assumable, mortgage with a 15 year term including a shared appreciation feature.
The County’s assistance loan cannot exceed the amount of the first mortgage or be more then 50% of the purchase price and there can be no cash back to the borrower.
CALL JAMES JESTES NOW FOR MORE INFORMATION386 315 4744
Homebuyer Assistance
Assistance Home buyer Assistance program (HBA) is designed to provide assistance to first-time home buyers so that they purchase a home with help for the down payment and closing costs.
The HBA program is funded by Volusia County through Community Development Block Grant (CDBG), HOME Investment Partnerships Program (HOME) and the State Housing Initiatives Partnership Program (SHIP).
The HBA program is implemented with the cooperation of Affordable Housing Partners (AHP). Only files submitted by an AHP will be accepted.