Orange County Program Highlights

Orange County HFA Gov't

Orange County HFA Gov't | At-A-Glance

AVAILABLE PROGRAMS Central Florida Homebuyer's Dream Program
ELLIGIBLE AREA Orange, Lake, Osceola and Seminole 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 60 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

Orange County HFA Conv

Orange County HFA Conv | At-A-Glance

AVAILABLE PROGRAMS Central Florida Housing Opportunities Program
ELLIGIBLE AREA Orange, Lake, Osceola and Seminole 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 Must include everything paid by the buyer or on the buyer’s behalf. $427,198
TIMELINE REQUIREMENTS 60 days from Reservation to Loan Purchase. Underwriter Certification within 15 days of reservation.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Orange County HFA Gov't

Orange County HFA Gov't | At-A-Glance

AVAILABLE PROGRAMS Central Florida Homebuyer's Dream Program
ELLIGIBLE AREA Orange, Lake, Osceola and Seminole 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 60 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

Orange County HFA Conv

Orange County HFA Conv | At-A-Glance

AVAILABLE PROGRAMS Central Florida Housing Opportunities Program
ELLIGIBLE AREA Orange, Lake, Osceola and Seminole 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 Must include everything paid by the buyer or on the buyer’s behalf. $427,198
TIMELINE REQUIREMENTS 60 days from Reservation to Loan Purchase. Underwriter Certification within 15 days of reservation.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings

Orange County HFA | Rates & Offerings

GOVERNMENT

Orange County HFA Central Florida Homebuyer’s Dream Program


FHA, VA and 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
  • 60 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 is $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: Lake, Orange, Osceola and Seminole Counties
Offering FICO DPA Lock Rate
FHA, USDA-RD or VA 640 up to 10,000 6.750%
CONVENTIONAL

Orange County HFA Central Florida Housing Opportunities Program


Freddie Mac HFA Advantage


  • No first-time buyer requirement
  • 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
  • 60 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
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: Lake, Orange, Osceola and Seminole Counties
Offering FICO DPA Lock Rate
Freddie Mac <= 80% AMI 640 up to 10,000 7.250%