HFA of Pinellas County
Home Key Single Family Program
2020A Bond Program - Final Purchase Date 5/1/2022
Loan Time Line Requirements:
Reservation/Lock to UW Certify – 20 days Close to Receipt of closed files – 20 days Reservation to Compliance Approval & Purchase – 60 days
Pinellas, Pasco and Polk Counties
First-time Homebuyers – All Borrower(s) & Spouses(occupant or non-occupant) Must be able to permanently reside in the U.S. Principal residence Borrower(s) must occupy property within 60 days of closing IRS filed returns for past 3 yrs – all borrower(s) & spouses
Eligible Loan Types:
FHA, VA, USDA-RD Freddie Mac 80% AMI
Income Limit Criteria:
Household income is All income of the household (18 years or older) Government Loans: Pinellas & Pasco 1-2 person HHLD max = $73,800 3+ person HHLD max = $84,870 Polk 1-2 person HHLD max = $70,029 3+ person HHLD max = $81,683 Freddie Mac 80% AMI Loans: Pinellas & Pasco $55,360 Polk= $47,040
Home Acquisition and Income Limits:
All areas – $311,979
Home Buyer Education:
Required for ALL named on the Warranty Deed. Must be HUD approved HUD’s HOMEBUYER EDUCATION PROVIDERS. Agency approved HOMEBUYER EDUCATION PROVIDERS.
660 & 45% DTI. Please see Guidelines
Cosigners are permitted for FHA/VA loans. Cannot be named on the Warranty Deed.
HFA OF PINELLAS COUNTY http://www.pinellascounty.org/hfa/default.htm
Forms and Documentation:
Program Required Forms are available online, under the “PROGRAM FORMS” Tab.
Provides information and training concerning the mortgage loan file, acceptable loan products, delivery and funding, reviews/purchases the mortgage file. Servicer Lender Guides: https://www.usbank.com/corporate-and-commercial-banking/industry-expertise/correspondent-lending.html If you need assistance with the Servicer Lender Guides or to contact the US Bank: firstname.lastname@example.org
If your Company is interested in participating in this program, contact: email@example.com