Lee Program Highlights

OAHOG

HFA of Lee County OAHOG | At-A-Glance

AVAILABLE PROGRAMS Own a Home Opportunity Grant Program
ELLIGIBLE AREA Includes all of Broward, Charlotte, Collier, DeSoto, Lee, Palm Beach, Sarasota, St. Johns and Volusia Counties.
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification within 15 days of reservation.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signors and Non-Occupant Co-Borrower
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

OAHO

HFA of Lee County OAHO | At-A-Glance

AVAILABLE PROGRAMS Own a Home Opportunity Program
ELLIGIBLE AREA Includes all of Charlotte, Collier, DeSoto, Lee, Palm Beach and Sarasota Counties.
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 70 days from Reservation to Loan Purchase. Underwriter Certification within 15 days of reservation.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signors and Non-Occupant Co-Borrower
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

MCC

HFA of Lee County MCC | At-A-Glance

AVAILABLE PROGRAMS HFA of Lee County Mortgage Credit Certificate Program
ELLIGIBLE AREA Charlotte, Collier, DeSoto, Lee, Sarasota and St. Johns Counties
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 Underwriter Certified within 15 days of loan reservation. Delivered to eHousingPlus within 10 days of closing.
HOMEBUYER EDUCATION Homebuyer Education
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
PARTICIPATING LENDERS Participating Lenders

OAHOG

HFA of Lee County OAHOG | At-A-Glance

AVAILABLE PROGRAMS Own a Home Opportunity Grant Program
ELLIGIBLE AREA Includes all of Broward, Charlotte, Collier, DeSoto, Lee, Palm Beach, Sarasota, St. Johns and Volusia Counties.
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification within 15 days of reservation.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signors and Non-Occupant Co-Borrower
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

OAHO

HFA of Lee County OAHO | At-A-Glance

AVAILABLE PROGRAMS Own a Home Opportunity Program
ELLIGIBLE AREA Includes all of Charlotte, Collier, DeSoto, Lee, Palm Beach and Sarasota Counties.
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 70 days from Reservation to Loan Purchase. Underwriter Certification within 15 days of reservation.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signors and Non-Occupant Co-Borrower
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

MCC

HFA of Lee County MCC | At-A-Glance

AVAILABLE PROGRAMS HFA of Lee County Mortgage Credit Certificate Program
ELLIGIBLE AREA Charlotte, Collier, DeSoto, Lee, Sarasota and St. Johns Counties
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 Underwriter Certified within 15 days of loan reservation. Delivered to eHousingPlus within 10 days of closing.
HOMEBUYER EDUCATION Homebuyer Education
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
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings [ Business Days 10:00am – 8:00pm ET ]

HFA of Lee County | Rates & Offerings

  GOVERNMENT (w/Second)

HFA of Lee County Own a Home Opportunity 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
  • 70 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 offered as a 30-year forgivable second mortgage
  • Assistance amount varies by county: All counties except Palm Beach = $7,500, Palm Beach County = $10,000
  • 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: Charlotte, Collier, DeSoto, Lee, Palm Beach and Sarasota counties
Offering FICO DPA Lock Rate
FHA, USDA-RD, VA 640 $7,500 or $10,000 7.125%
  CONVENTIONAL (w/Second)

HFA of Lee County Own a Home Opportunity 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
  • 70 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 offered as a 30-year forgivable second mortgage
  • Assistance amount varies by county: All counties except Palm Beach = $7,500, Palm Beach County = $10,000
  • 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: Charlotte, Collier, DeSoto, Lee, Palm Beach and Sarasota counties
Offering FICO DPA Lock Rate
Freddie Mac 80% AMI / Over 80% AMI 640 $7,500 or $10,000 7.000%
  GOVERNMENT (Grant)

HFA of Lee County Own a Home Opportunity Grant Program


FHA, VA, USDA-RD


  • No first-time buyer requirement
  • Must be principal residence
  • Maximum Income Limits
  • Maximum Purchase Price Limits
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • 1003 Credit qualifying income
  • Assistance offered as a 30-year forgivable second mortgage
  • Assistance is a percentage of the total (include MIP) Note amount
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: Broward, Charlotte, Collier, DeSoto, Lee, Palm Beach, Sarasota, St Johns & Volusia Counties)
Offering FICO DPA Lock Rate
FHA, USDA-RD, VA 640 3% n/a
640 4% n/a
640 5% n/a
CONVENTIONAL (Grant)

HFA of Lee County Own a Home Opportunity Grant Program


Freddie Mac HFA Advantage


  • No first-time buyer requirement
  • 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
  • 70 calendar days from loan reservation to loan purchase (Underwriter Certification 15 calendar days)
  • 1003 Credit qualifying income
  • Assistance offered as a 30-year forgivable second mortgage
  • Assistance is a percentage of the total (include MIP) Note amount
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: Broward, Charlotte, Collier, DeSoto, Lee, Palm Beach, Sarasota, St Johns & Volusia Counties)
Offering FICO DPA Lock Rate
Freddie Mac 80% AMI & Freddie Mac OVER 80% AMI 640 0% 6.750%
640 3% n/a
640 5% n/a