Manatee Program Highlights

HFA of Manatee County

HFA of Manatee County | At-A-Glance

AVAILABLE PROGRAMS Key to Homeownership Program
ELLIGIBLE AREA Manatee County, FL
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 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

Grant

HFA of Manatee County Grant | At-A-Glance

AVAILABLE PROGRAMS Key to Homeownership Grant Program
ELLIGIBLE AREA Manatee County, FL
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

MCC

HFA of Manatee County MCC | At-A-Glance

AVAILABLE PROGRAMS HFA of Manatee County Mortgage Credit Certificate Program
ELLIGIBLE AREA Manatee County, FL
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

HFA of Manatee County

HFA of Manatee County | At-A-Glance

AVAILABLE PROGRAMS Key to Homeownership Program
ELLIGIBLE AREA Manatee County, FL
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 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

Grant

HFA of Manatee County Grant | At-A-Glance

AVAILABLE PROGRAMS Key to Homeownership Grant Program
ELLIGIBLE AREA Manatee County, FL
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

MCC

HFA of Manatee County MCC | At-A-Glance

AVAILABLE PROGRAMS HFA of Manatee County Mortgage Credit Certificate Program
ELLIGIBLE AREA Manatee County, FL
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

HFA of Manatee County | Rates & Offerings

Government (w/second)

HFA of Manatee County Key to Homeownership Program


FHA, VA, USDA-RD


  • HFA of Manatee County Key to Homeownership 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 deferred second mortgage (never forgiven)
  • Assistance amount is $10,000 with non-amortizing, deferred second mortgage
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: Manatee County

Offering FICO DPA Lock Rate
FHA, USDA-RD or VA 660 up to 10,000 5.750%
Conventional (w/second)

HFA of Manatee County Key to Homeownership Program


Freddie Mac HFA Advantage


  • HFA of Manatee County Key to Homeownership 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 deferred second mortgage (never forgiven)
  • Assistance amount is $10,000 with non-amortizing, deferred second mortgage
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: Manatee County

Offering FICO DPA Lock Rate
Freddie Mac 80% AMI & Freddie Mac OVER 80% AMI 640 up to 10,000 6.250%
GOVERNMENT - Grant

HFA of Manatee County Key to Homeownership 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: Manatee County

Offering FICO DPA Lock Rate
FHA, USDA-RD or VA 660 3% n/a
CONVENTIONAL - Grant

HFA of Manatee County Key to Homeownership 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: Manatee County

Offering FICO DPA Lock Rate
Freddie Mac 80% AMI & Freddie Mac OVER 80% AMI 640 0% 6.750%
3% n/a
4% n/a
5% n/a