Hillsborough Program Highlights

HFA of Hillsborough

HFA of Hillsborough | At-A-Glance

AVAILABLE PROGRAMS Home Sweet Home Program
QUESTIONS Questions
ELIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) Buyers and their spouses (occupant and non-occupant) must be first-time buyers but must be able to permanently reside in the US. Check with Servicer for any overlays
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 65 calendar days from loan reservation to loan purchase. Underwriter Certified anytime prior to the 15th calendar day.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signors
PROGRAM GUIDELINES Guidelines
Targeted Area Maps Targeted Area Maps
PARTICIPATING LENDERS Participating Lenders

HFA of Hillsborough MCC

HFA of Hillsborough MCC | At-A-Glance

AVAILABLE PROGRAMS HFA of Hillsborough MCC
ELLIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) First-Time Buyer Requirement (Borrower and Spouse)
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 65 calendar days from loan reservation to loan purchase. Underwriter Certitied anytime prior to the 15th Calendar day.
HOMEBUYER EDUCATION Homebuyer Eduction
CO-SIGNORS Co-Signers are permitted with FHA loans only. Co-signer cannot live in the property and cannot have any ownership interest.
PROGRAM GUIDELINES Guidelines
TARGETTED AREAS Targeted Areas Maps
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings

HFA of Hillsborough Home Sweet Home | Rates & Offerings

GOVERNMENT

HFA of Hillsborough County Home Sweet Home Program


FHA, VA, USDA-RD


  • First-time buyer requirement (borrower and spouse including NPS) no homeownership in the past 3 years
  • Must be principal residence
  • Maximum Income Limits
  • Maximum Purchase Price Limits
  • Includes a Mortgage Credit Certificate in Duval and Hillsborough counties only (requires separate reservation)
  • 65 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • Household income calculation (borrower + spouse (including NPS) + everyone 18 years of age or older)
  • Assistance is in the form of a 30 year, 0% deferred second mortgage, This loan is never forgiven.
  • Assistance amount varies by county: Brevard = $15,000, Clay = $15,000, Duval = $10,000, Hillsborough = $25,000 (City of Tampa = $5,000)
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Past 3 years signed federal income tax returns AND/OR tax transcripts for all borrowers and spouse (even NPS)
  • Eligible area: Brevard County, Clay County, Duval County (Jacksonville) and Hillsborough County
Offering FICO DPA Lock Rate
FHA, USDA, VA 640 see below 6.625%
CONVENTIONAL

HFA of Hillsborough County Home Sweet Home Program


Freddie Mac HFA Advantage


  • First-time buyer requirement (borrower and spouse including NPS) no homeownership in the past 3 years
  • Must be principal residence
  • Maximum Income Limits (Borrower’s with income at or below 80% AMI, as determined by Freddie Mac, receive reduced mortgage insurance)
  • Maximum Purchase Price Limits
  • Includes a Mortgage Credit Certificate in Duval and Hillsborough counties only (requires separate reservation)
  • 65 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • Household income calculation (borrower + spouse (including NPS) + everyone 18 years of age or older)
  • Assistance is in the form of a 30 year, 0% deferred second mortgage, This loan is never forgiven.
  • Assistance amount varies by county: Brevard = $15,000, Clay = $15,000, Duval = $10,000, Hillsborough = $25,000 (City of Tampa = $5,000)
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Past 3 years signed federal income tax returns AND/OR tax transcripts for all borrowers and spouse (even NPS)
  • Eligible area: Brevard County, Clay County, Duval County (Jacksonville) and Hillsborough County
Offering FICO DPA Lock Rate
Freddie Mac 80% AMI 640 see below n/a
DPA
Hills 15k for Hillsborough 5k for Tampa
Brevard 15k
Clay 20k
Jacksonville 10k

HFA of Hillsborough

HFA of Hillsborough | At-A-Glance

AVAILABLE PROGRAMS Home Sweet Home Program
QUESTIONS Questions
ELIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) Buyers and their spouses (occupant and non-occupant) must be first-time buyers but must be able to permanently reside in the US. Check with Servicer for any overlays
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 65 calendar days from loan reservation to loan purchase. Underwriter Certified anytime prior to the 15th calendar day.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signors
PROGRAM GUIDELINES Guidelines
Targeted Area Maps Targeted Area Maps
PARTICIPATING LENDERS Participating Lenders

HFA of Hillsborough MCC

HFA of Hillsborough MCC | At-A-Glance

AVAILABLE PROGRAMS HFA of Hillsborough MCC
ELLIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) First-Time Buyer Requirement (Borrower and Spouse)
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 65 calendar days from loan reservation to loan purchase. Underwriter Certitied anytime prior to the 15th Calendar day.
HOMEBUYER EDUCATION Homebuyer Eduction
CO-SIGNORS Co-Signers are permitted with FHA loans only. Co-signer cannot live in the property and cannot have any ownership interest.
PROGRAM GUIDELINES Guidelines
TARGETTED AREAS Targeted Areas Maps
PARTICIPATING LENDERS Participating Lenders