Pinellas Program Highlights

Pinellas Home Key Single Family | At-A-Glance

Pinellas, Home Key Single Family | At-A-Glance

AVAILABLE PROGRAMS Home Key Plus Program
ELLIGIBLE AREA Pasco County, Pinellas County and Polk County, Florida
ELIGIBLE BORROWER(S) First-Time Buyer Requirement (Borrower and Spouse)
RATES See Chart
DPA AVAILABLE Pinellas County $12,000, Pasco County $8,000, Polk County $8,000
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Price Limits
TIMELINE REQUIREMENTS 60 days from Reservation to Loan Purchase. Underwriter Certification within 15 days of reservation.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Only on FHA, VA, RD
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings

Pinellas Home Key Single Family | Rates & Offerings

 GOVERNMENT

HFA of Pinellas County Home Key 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 deferred second mortgage (never forgiven)
  • Assistance amount varies by county: Pasco and Polk Counties = $8,000 and Pinellas County = $10,000
  • Maximum DTI 45% with 660-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Minimum FICO is 660
  • Past 3 years signed federal income tax returns AND/OR tax transcripts for all borrowers and spouse (even NPS)
  • Eligible area: Pasco, Pinellas and Polk Counties
Offering FICO DPA Lock Rate
FHA, USDA-RD or VA 660 12k Pinellas, 8k Pasco & Polk 6.750%
CONVENTIONAL

HFA of Pinellas County Home Key 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 may not exceed 80% AMI (determined by Freddie Mac) in order to 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 deferred second mortgage (never forgiven)
  • Assistance amount varies by county: Pasco and Polk Counties = $8,000 and Pinellas County = $10,000
  • Maximum DTI 45% with 660-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Minimum FICO is 660
  • Past 3 years signed federal income tax returns AND/OR tax transcripts for all borrowers and spouse (even NPS)
  • Eligible area: Pasco, Pinellas and Polk Counties
Offering FICO DPA Lock Rate
Freddie Mac
<= 80% AMI  		660 12k Pinellas, 8k Pasco & Polk 7.250%
Freddie Mac
OVER 80% AMI 		7.250%