PINELLAS COUNTY
Housing Finance Authority of Pinellas County
HomeKey First-Time Buyer Program
Continuously funded program - Never "runs out" of money
ELIGIBLE AREAS – Pinellas County
ELIGIBILITY CRITERIA* –
- Buyers and their spouses (occupant and non-occupant) must be first-time buyers and must be able to permanently reside in the US.
- Buyers must live in the property they purchase as their principal residence.
- All applicants must be considered irrespective of age, race, color, religion, national origin, sex, marital status, military status or physical handicap.
- Buyers must occupy the property purchased within 60 days of closing.
- Buyers must live in the property as their principal residence and the property may never be rented.
DOWN PAYMENT ASSISTANCE – 30 Year Deferred, 0.00% second mortgage, up to $12,000 in Pinellas County and up to $8,000 in Pasco County and Polk County. The assistance may be used for down payment and closing costs. The second mortgage is never forgiven and must be paid when the first mortgage is repaid, sale, short-sale, foreclosure or if the borrower ceases to live in the property.
INCOME LIMIT CRITERIA – The income of all household members must be used to determine program eligibility.
FHA, USDA-RD and VA loans ONLY:
1-2 person household Pasco & Pinellas: $95,500 Polk: $91,680
3+ person household Pasco & Pinellas: $109,825 Polk: $106,960
Freddie Mac loans ONLY:
All household sizes Pasco & Pinellas: $73,600 Polk: $61,120
MAXIMUM SALES PRICE LIMIT – This price must include everything paid by the buyer or on the buyer's behalf.
$510,939
HOMEBUYER EDUCATION – First-Time Homebuyers must complete a Program-approved pre-purchase homebuyer education course. Please speak with a participating lender for details.
ELIGIBLE PROPERTY – New or existing, one to four units, detached or attached, condos, townhomes.
CREDIT SCORE - Minimum FICO credit score of 660.
ELIGIBLE PROPERTY – New or existing, one to four units, detached or attached, condos, townhomes.
CREDIT SCORE - Minimum FICO credit score of 660.
WHAT'S THE NEXT STEP?
If you think you qualify for the program based upon the criteria above, contact a participating loan officer to get pre-approved for a mortgage.
CLICK HERE TO VIEW THE PROGRAM FLYER & LIST OF PARTICIPATING LOAN OFFICERS
Haga clic aqui parável el folleto del programa, alista de prestamistas participantes y socios agentes inmobiliarios certificados en español.