Total Program Funds

$31,000,000

Interest Rates -
30 yr. Fixed

5.19%   -   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.  Click here for brochures.

Allocations

POOL Spot Allocation Check Online FOR CURRENT AVAILABILITY
TARGET Set Aside

Second Mortgage Program

0% Interest -  Max $7,000 - 10 Year Amortizing of principal only

ADDITIONAL SUBORDINATE FINANCING The use of a subsidy provided by another institution or group in addition to the Down Payment Assistance Program must be approved by the Issuer and Servicer. Remember that any additional subordinate financing must be willing to take a third position. The Escambia County HFA second mortgage loan will not be subordinate to any additional financing

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.
• BB & T
• Capital City Bank
• Countrywide Home Loans
• First Gulf Bank (Citizens & Peoples Bank)
• Mortgage One of the South, Inc.
• Peoples First Community Bank
• Peoples National Bank of Niceville
• Regions Mortgage
• Riverside National Bank
• 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