|
Features |
NEW
Down Payment Assist.
12/7! |
Tax
Incentive Bridge: $8000 |
NSP/POP Homes |
NSP/ Foreclosed Homes needing repair |
|
Assistance for Down Payment, Closing Costs and Rehab in
Pasco County |
y |
y |
y |
y |
|
Need to be first time homebuyer (not owned home in last
3 years?) |
n |
y |
n |
n |
|
Owner Occupied Purchases only? |
y |
y |
y |
y |
|
Qualify based upon household income/family size?
*See links below to max. income/per
program |
y |
y |
y |
y |
|
Max. Sales Price |
$240,000 |
$240,000 |
$240,000 |
$240,000 |
|
Property must be in acceptable area
**See links below to acceptable geographic areas |
All
Pasco County |
All
Pasco County |
y |
y |
|
Max. Combined LTV (CLTV)
Homebuyers
can still receive funds for difference of tax incentive
after closing |
varies by lender |
varies by lender |
varies by lender |
varies by lender |
|
Max. Seller contribution |
6% |
n/a |
6% |
6% |
|
Max. lender costs |
4%
of loan amt. |
4%
of loan amt. |
4%
of loan amt. |
4%
of loan amt. |
|
2nd mtg. $ assistance avail. |
$3000/all,
$10,000/addit. if using tax Incent., $15,000/newly
constructed |
Up
to $8000 |
$20,000 + addit. $10,000 if essential worker |
$20,000 + addit. $10,000 if essential worker |
|
Can Tax Incentive be used along with downpayment
assistance? |
y |
y |
n |
n |
|
Counseling w/CCC required? |
y |
y |
y |
y |
|
Are homes other than SFR's allowed? |
y |
y |
y |
y |
|
Can you use the NEW DP with Tax Incentive? |
y |
n/a |
n/a |
n/a |
|
Can you use the NEW DP with NSP? |
n |
n/a |
n |
n |
|
Can you use the Tax Incentive with NSP? |
y |
y |
y |
y |
|
Can you finance repairs using FHA? |
n/a |
n/a |
y |
n |
|
Is there a deadline for use of funds? |
When $1mil depleted |
7/1/2010 |
When NSP depleted |
When NSP depleted |
|
Must apply through county Approved lender |
y |
y |
y |
y |
|
Lender must reserve funds |
y |
y |
y |
y |
|
Unique Program Qualities: |
|
Can
be used along with NEW Downpymt Assist. |
End
loan only needed, use NSP for DP and Clos. Costs |
|
