Total Program Funds

$31,000,000

Interest Rates -
30 yr. Fixed

5.49%   -   all loans Orig 1%    Disc .5% 
The program is structured to provide participants with 1.5% net profit.

Eligible Areas

Alachua, Citrus, Escambia, Gadsden, Hernando, Holmes, Indian River, Jackson, Jefferson, Leon, Marion, Martin, Okeechobee, Okaloosa, Santa Rosa, St. Lucie, Taylor, Wakulla, Walton and Washington Counties. (GoZone Counties)

Allocations

POOL Spot Allocation Check Online FOR CURRENT AVAILABILITY
TARGET Set Aside

Second Mortgage Program

0% Interest , Max $10,000 or 10% of Sales Price---10 Year, Amortized  

Loan Commitments Time Line

45 days- Loans need to be committed via online. You will be notified via email/call if your estimated closing date has expired and if your loan exceeds the timeline.

Participating Lenders

• Access Mortgage
• Baker and Lindsey Inc.
• Bank Atlantic
• BB & T
• Citizens & Peoples Bank
• Capital City Bank
• Countrywide Home Loans
• First Atlantic
• First Gulf Bank (Citizens & Peoples Bank)
• First Horizon
• GMAC Mortgage Corporation
• Mortgage One of the South, Inc.
• Peoples First Community Bank
• Peoples National Bank of Niceville
• Regions Mortgage
• Riverside NationalBank
• Shelter Mortgage
• SunTrust Bank
• Synovus Mtg / Tallahassee State Bank
• Wachovia
• Wells Fargo
• Whitney National Bank

Income Limits
 

By County, Non Target and Target
    Please see the updated guide for changes.

Acquisition Limits
 

By County, New and existing 
    Please see the updated guide for changes.

Final Purchase Date - Non Target & Target