2010 Bond Program
| PROGRAM FUNDS | $ NIBP |
| ELIGIBLE AREAS | Lee, Broward, Charlotte, Collier, DeSoto, Palm Beach and Sarasota Counties |
| ELIGIBILITY CRITERIA | - First-time Homebuyers – All Borrower(s) & Spouses (occupant or non-occupant) - Must be able to permanently reside in the U.S. - Principal residence - Borrower(s) must occupy property within 60 days of closing - IRS filed returns for past 3 yrs – all borrower(s) & spouses |
| ELIGIBLE LOAN TYPES | FHA, VA, USDA-RD |
| AVAILABLE DOWN PAYMENT ASSISTANCE | DPA is Available, see rates. Must be used for downpayment and closing cost. No Cash Back. |
| INCOME LIMIT CRITERIA | Household income is considered for ALL Borrower(s) , spouses and anyone 18 years or older. - defined for each of the counties, please see guidelines page 8 |
| HOME PACQUISITION LIMITS | Acquisition Limits - defined for each of the counties, please see guidelines page 9 |
| HOME BUYER EDUCATION | Required for ALL first time home borrowers. |
| FICO SCORE REQUIREMENT | Minimum credit score of 620 |
| CO-SIGNERS | Co-Signers are permitted for FHA Loans. Cannot be named on the Warranty Deed. |
| LOAN TIME LINE REQUIREMENTS | - Reservation to UW Cert: 30 days - Reservation to Close and Delivery: 10 days after closing |
| LENDER PARTICIPATION | Click here. |
| FORMS AND DOCUMENTATION | View Forms and Documentation. |
| OTHER | For additional information, See Program Guidelines. |
Current Rates
- 4.30%
- 30 year amortizing
- 1.00% Origination Fee
DPA
- up to 5.00% of first mortgage; due upon sale
Program Updates
- Information coming soon!
I am a lender and I have questions. Who can I contact?
If you have any questions, please refer to the Compliance Contact Directory
Please check back soon for System Training updates.
