|
Rate Type |
Current Rate
|
Who's Eligible |
|
Low Rate Spot Pool |
5.6900%
|
First time homebuyers |
|
Cash Assistance Option |
6.2000%
|
First time homebuyer; 4 percent of the loan amount to be applied
toward down payment and closing costs |
|
Subsidized Rates |
5.1000%
|
People with disabilities; people purchasing in federally
designated target areas |
|
Community Loan Program |
5.2500%
|
education and
healthcare professionals,sworn
officers,
military |
Income Limits:
You indicated that there will be
2 persons
living in your home. Based on this information your income(s) may
not exceed
$73,200.00
to be eligible for a mortgage through the FTHB program.
However, if you're purchasing a home in a federally designated area,
your income may be as high as
$73,200.00.
Purchase Price Limit:
The First Time Homebuyer Program establishes a maximum purchase
price, which varies by county, for homes purchased through this
program. The house you wish to purchase may not exceed
$452,874.00
in
Monroe
county.
However, if you're purchasing a home in a federally designated area,
the purchase price may be as high as
$452,874.00.
Click here for
www.floridahousing.org
Click here to view and download the entire booklet on first time
homebuyer program