HHF for Locals Program

HHF for Locals Program – ENDED 4/30/2018

Thank you for your partnership with the HHF for Locals Program.   You made the program a great success.   HHF funds have been exhausted.  Please ensure your loan does NOT fallout. 

You must have the UW Certification done as per your program’s timeline, within 15 days from date reserved, 20 days for loans in Pinellas.  There is no extension.

HHF for Locals Program is provided by a special collaboration between Florida Housing Finance Corporation,  and the Housing Finance Authority of Hillsborough County, the Housing Finance Authority of Pinellas County and the Orange County Housing Finance AuthorityHHF for Locals Program will require the two separate reservations, one for the first mortgage and one for the HHF down payment assistance second.  Please note that the HHF for Locals Program is not the existing programs.

Reservation 1 – the first mortgage loan

(this is a first mortgage reservation)

Reservation  2 – the DPA second mortgage loan

SUMMARY – (this is the DPA  second Mortgage reservation)

ADMINISTRATOR GUIDELINES
Reservation 1 – the first mortgage loan Reservation  2 – the DPA second mortgage loan

HHF for Locals Program – Current Rate/Offerings

Rate/Offerings Lock Rate DPA Effective Date
       GOVERNMENT
FHA, USDA-RD, VA n/a Hardest Hit Funds HHF up to $15,000** 4/23
** 0%, 5 year, deferred loan, forgiven at the rate of 20% per year
  • Min FICO requirement as per each of the first mortgage programs
  • 30 Year Amortizing
  • cash back is not allowed