Florida Housing Program Highlights
STANDARD BOND
FHFC Florida Bond | At-A-Glance
| AVAILABLE PROGRAMS | STANDARD BOND |
| QUESTIONS | Questions about loan cancellation, reinstatement and how to clear flags on a cancelled loan. |
| BULLETINS | Bulletins |
| Elligible Area | Statewide |
| Eligible Borrower(s) | See Guidelines |
| Rates | See Chart |
| DPA Available | See Chart |
| Loan Type | See Chart |
| Income and Purchase Price Limits | Bond Income and Purchase Price Limits |
| 80% AMI INCOME LIMITS | Conventional Loan 80% AMI Income Limits |
| Timeline Requirements | 60 days from Reservation to Purchase |
| Homebuyer Education | Homebuyer Education |
| Co-Signors | Co- Signor Term Sheet |
| MANUFACTURED HOUSING TERM SHEET | Manufactured Housing Term Sheet |
| 203K TERM SHEET | 203K Term Sheet |
| Targeted Area Census tract Maps | Targeted Area Census Tract Maps |
| Program GUIDELINES | Standard Bond Guidelines |
| CHEAT SHEET | Bond vs TBA Cheat Sheet |
| MASTER TERM SHEET | Master Term Sheet Standard Programs |
| PARTICIPATING LENDERS | Participating Lenders |
| eHP Process Origination to Loan Purchase | eHP Process Origination to Loan Purchase |
STANDARD TBA
FHFC TBA Program | At-A-Glance
| AVAILBLE PROGRAMS | STANDARD TBA |
| Questions | Questions about loan cancellation, reinstatement and how to clear flags on a cancelled loan. |
| BULLETINS | Bulletins |
| ELIGIBLE AREA | Entire state of FL |
| Eligible Borrower(s) | See Guidelines |
| Rates | See Chart |
| DPA Available | See Chart |
| Loan Type | See Chart |
| INCOME AND LOAN LIMITS | TBA Income and Loan Limits |
| 80% AMI INCOME LIMITS | 80% AMI INCOME LIMITS |
| Timeline Requirements | 60 calendar days from loan reservation to loan purchase. Underwriter Certitied anytime prior to closing. |
| Homebuyer Education | Homebuyer Education |
| Co-Signors | Co-Signor Term Sheet |
| MANUFACTURED HOUSING TERM SHEET | Manufactured Housing Term Sheet |
| TARGETED AREA CENSUS TRACT MAPS | Targeted Area Census Tract Maps |
| PROGRAM GUIDELINES | Standard TBA Guidelines |
| CHEAT SHEET | TBA vs Bond Cheat Sheet |
| MASTER TERM SHEET | Master Term Sheet Standard Programs |
| PARTICIPATING LENDERS | Participating Lender |
| eHP PROCESS ORIGINATION to LOAN PURCHASE | eHP Process Origination to Loan Purchase |
PLUS TBA
FHFC FL PLUS | At-A-Glance
| AVAILABLE PROGRAMS | PLUS TBA |
| QUESTIONS | Questions about loan cancellation, reinstatement and how to clear flags on a cancelled loan. |
| BULLETINS | Bulletins |
| Elligible Area | Entire State of Florida |
| Eligible Borrower(s) | Eligible Borrowers |
| Rates | See chart |
| DPA Available | Assistance offered as five-year forgivable second mortgage Assistance amount is 3%, 4% or 5% of the total loan amount |
| Loan Type | Fannie Mae HFA Preferred and Freddie Mac HFA Advantage. See chart for PLUS loan options |
| INCOME AND LOAN LIMITS | TBA HLP and PLUS TBA Income and Loan Limits |
| 80% AMI INCOME LIMITS | 80% AMI INCOME LIMITS |
| Timeline Requirements | 60 days from reservation (in eHPortal) to loan purchase by Lakeview |
| Homebuyer Education | Homebuyer Education |
| Co-Signors | Co-Signor Term Sheet |
| MANUFACTURED HOUSING TERM SHEET | Manufactured Housing Term Sheet |
| Program Guidelines | PLUS TBA Guide |
| CHEAT SHEET | Bond vs TBA Cheat Sheet |
| MASTER TERM SHEET | Master Term Sheet Standard Programs |
| PARTICIPATING LENDERS | Participating Lenders |
| eHP Process Origination to Loan Purchase | eHP Process Origination to Loan Purchase |
HOMETOWN HEROES
FHFC Hometown Heroes | At-A-Glance
| AVAILABLE PROGRAMS | HOMETOWN HEROES PROGRAM |
| QUESTIONS | Questions about loan cancellation, reinstatement and how to clear flags on a cancelled loan. |
| BULLETINS | Bulletins |
| Eligible Area | Entire state of FL |
| HTH ELIGIBLE BORROWER(S) | Read the Guidelines attached below |
| Rates | See Chart |
| DPA Available | 5% Of the TOTAL Loan Amount capped at $35,000, with a minimum of $10,000 in down payment and closing cost assistance. For example, borrowers with a loan amount of $200,000 or less would receive an automatic $10,000. |
| Loan Type | See Chart |
| HTH TBA Income and Loan Limits | HTH TBA Income & Loan Limits |
| HTH Bond Income and Purchase Price Limits | HTH Bond Income & Purchase Price Limits |
| 80% AMI INCOME LIMITS | Conventional Loan 80% AMI Income Limits |
| Timeline Requirements | 60 calendar days from loan reservation to loan purchase. Underwriter Certified anytime prior to closing. |
| Homebuyer Education | Homebuyer Education |
| Co-Signors | Co-Signors Term Sheet |
| MANUFACTURED HOUSING TERM SHEET | Manufactured Housing Term Sheet |
| 203K TERM SHEET | 203K Term Sheet |
| Targeted Area Census tract Maps | Target Area Census Tract Maps |
| PROGRAM GUIDELINES | HTH Bond Guidelines |
| PROGRAM GUIDELINES | HTH TBA Guidelines |
| HTH TBA vs. Bond Cheat Sheet | HTH TBA vs. Bond Cheat Sheet |
| HTH MASTER TERM SHEET | Master Term Sheet HTH Programs |
| Borrower Certification | HTH Borrower Certification |
| HTH Marketing Flyer | Lender Marketing Flyer 01 |
| HTH Marketing Flyer | Lender Marketing Flyer 02 |
| PARTICIPATING LENDERS | Participating Lenders |
| eHP Process Origination to Loan Purchase | The Process - From HTH Loan Origination to Loan Purchase |
Today’s Rates & Offerings [ Business Days 10am – 8pm ET ] September 6, 2024
Florida | Rates & Offerings
| Hometown Heroes Funds have been exhausted. | ||||||
| Please note - Prior to locking ANY loans, the lender must have a FULLY EXECUTED Real Estate Contract on hand, otherwise the loan will NOT be purchased. | ||||||
| STANDARD BOND | ||||||
| Offering | FICO | DPA | Lock Rate | |||
|
FHA, USDA, VA |
640 | FL Assist $10k or FL HLP $10k | 6.500% | |||
|
Fannie Mae (HFA Preferred) <= 80% AMI or OVER 80% AMI |
640 | 7.500% | ||||
| Freddie Mac (HFA Advantage) <= 80% AMI or OVER 80% AMI | 640 | 7.250% | ||||
| STANDARD TBA | ||||||
| Offering | FICO | DPA | Lock Rate | |||
|
Freddie Mac (HFA Advantage) <= 80% AMI |
640 | FL Assist $10k or FL HLP $10k | 7.125% | |||
|
Freddie Mac (HFA Advantage) OVER 80% AMI |
640 | 7.375% | ||||
| PLUS TBA | ||||||
| Offering | FICO | DPA | Lock Rate | |||
|
Freddie Mac (HFA Advantage) <= 80% AMI |
640 | 3% | 7.000% | |||
| 4% | 7.500% | |||||
| 5% | 8.000% | |||||
|
Freddie Mac (HFA Advantage) OVER 80% AMI |
640 | 3% | 7.250% | |||
| 4% | 7.750% | |||||
| 5% | 8.250% | |||||
| HOMETOWN HEROES TBA | ||||||
| Offering | FICO | DPA | Lock Rate | |||
|
FHA, USDA, VA |
640 | 5% (min $10k, max $35k) | n/a | |||
|
Freddie Mac (HFA Advantage) <= 80% AMI |
n/a | |||||
|
Freddie Mac (HFA Advantage) OVER 80% AMI |
n/a | |||||
| HOMETOWN HEROES BOND | ||||||
| Offering | FICO | DPA | Lock Rate | |||
|
FHA, USDA, VA |
640 | 5% (min $10k, max $35k) | n/a | |||
|
Fannie Mae (HFA Preferred) <= 80% AMI or OVER 80% AMI |
n/a | |||||
|
Freddie Mac (HFA Advantage) <= 80% AMI or OVER 80% AMI |
n/a | |||||
Florida Bond
FHFC Florida Bond | At-A-Glance
| AVAILABLE PROGRAMS | STANDARD BOND |
| QUESTIONS | Questions about loan cancellation, reinstatement and how to clear flags on a cancelled loan. |
| BULLETINS | Bulletins |
| Elligible Area | Statewide |
| Eligible Borrower(s) | See Guidelines |
| Rates | See Chart |
| DPA Available | See Chart |
| Loan Type | See Chart |
| Income and Purchase Price Limits | Bond Income and Purchase Price Limits |
| 80% AMI INCOME LIMITS | Conventional Loan 80% AMI Income Limits |
| Timeline Requirements | 60 days from Reservation to Purchase |
| Homebuyer Education | Homebuyer Education |
| Co-Signors | Co- Signor Term Sheet |
| MANUFACTURED HOUSING TERM SHEET | Manufactured Housing Term Sheet |
| 203K TERM SHEET | 203K Term Sheet |
| Targeted Area Census tract Maps | Targeted Area Census Tract Maps |
| Program GUIDELINES | Standard Bond Guidelines |
| CHEAT SHEET | Bond vs TBA Cheat Sheet |
| MASTER TERM SHEET | Master Term Sheet Standard Programs |
| PARTICIPATING LENDERS | Participating Lenders |
| eHP Process Origination to Loan Purchase | eHP Process Origination to Loan Purchase |
Florida FL Plus
FHFC TBA Program | At-A-Glance
| AVAILBLE PROGRAMS | STANDARD TBA |
| Questions | Questions about loan cancellation, reinstatement and how to clear flags on a cancelled loan. |
| BULLETINS | Bulletins |
| ELIGIBLE AREA | Entire state of FL |
| Eligible Borrower(s) | See Guidelines |
| Rates | See Chart |
| DPA Available | See Chart |
| Loan Type | See Chart |
| INCOME AND LOAN LIMITS | TBA Income and Loan Limits |
| 80% AMI INCOME LIMITS | 80% AMI INCOME LIMITS |
| Timeline Requirements | 60 calendar days from loan reservation to loan purchase. Underwriter Certitied anytime prior to closing. |
| Homebuyer Education | Homebuyer Education |
| Co-Signors | Co-Signor Term Sheet |
| MANUFACTURED HOUSING TERM SHEET | Manufactured Housing Term Sheet |
| TARGETED AREA CENSUS TRACT MAPS | Targeted Area Census Tract Maps |
| PROGRAM GUIDELINES | Standard TBA Guidelines |
| CHEAT SHEET | TBA vs Bond Cheat Sheet |
| MASTER TERM SHEET | Master Term Sheet Standard Programs |
| PARTICIPATING LENDERS | Participating Lender |
| eHP PROCESS ORIGINATION to LOAN PURCHASE | eHP Process Origination to Loan Purchase |
Florida FL First
FHFC FL PLUS | At-A-Glance
| AVAILABLE PROGRAMS | PLUS TBA |
| QUESTIONS | Questions about loan cancellation, reinstatement and how to clear flags on a cancelled loan. |
| BULLETINS | Bulletins |
| Elligible Area | Entire State of Florida |
| Eligible Borrower(s) | Eligible Borrowers |
| Rates | See chart |
| DPA Available | Assistance offered as five-year forgivable second mortgage Assistance amount is 3%, 4% or 5% of the total loan amount |
| Loan Type | Fannie Mae HFA Preferred and Freddie Mac HFA Advantage. See chart for PLUS loan options |
| INCOME AND LOAN LIMITS | TBA HLP and PLUS TBA Income and Loan Limits |
| 80% AMI INCOME LIMITS | 80% AMI INCOME LIMITS |
| Timeline Requirements | 60 days from reservation (in eHPortal) to loan purchase by Lakeview |
| Homebuyer Education | Homebuyer Education |
| Co-Signors | Co-Signor Term Sheet |
| MANUFACTURED HOUSING TERM SHEET | Manufactured Housing Term Sheet |
| Program Guidelines | PLUS TBA Guide |
| CHEAT SHEET | Bond vs TBA Cheat Sheet |
| MASTER TERM SHEET | Master Term Sheet Standard Programs |
| PARTICIPATING LENDERS | Participating Lenders |
| eHP Process Origination to Loan Purchase | eHP Process Origination to Loan Purchase |
Hometown Heroes
FHFC Hometown Heroes | At-A-Glance
| AVAILABLE PROGRAMS | HOMETOWN HEROES PROGRAM |
| QUESTIONS | Questions about loan cancellation, reinstatement and how to clear flags on a cancelled loan. |
| BULLETINS | Bulletins |
| Eligible Area | Entire state of FL |
| HTH ELIGIBLE BORROWER(S) | Read the Guidelines attached below |
| Rates | See Chart |
| DPA Available | 5% Of the TOTAL Loan Amount capped at $35,000, with a minimum of $10,000 in down payment and closing cost assistance. For example, borrowers with a loan amount of $200,000 or less would receive an automatic $10,000. |
| Loan Type | See Chart |
| HTH TBA Income and Loan Limits | HTH TBA Income & Loan Limits |
| HTH Bond Income and Purchase Price Limits | HTH Bond Income & Purchase Price Limits |
| 80% AMI INCOME LIMITS | Conventional Loan 80% AMI Income Limits |
| Timeline Requirements | 60 calendar days from loan reservation to loan purchase. Underwriter Certified anytime prior to closing. |
| Homebuyer Education | Homebuyer Education |
| Co-Signors | Co-Signors Term Sheet |
| MANUFACTURED HOUSING TERM SHEET | Manufactured Housing Term Sheet |
| 203K TERM SHEET | 203K Term Sheet |
| Targeted Area Census tract Maps | Target Area Census Tract Maps |
| PROGRAM GUIDELINES | HTH Bond Guidelines |
| PROGRAM GUIDELINES | HTH TBA Guidelines |
| HTH TBA vs. Bond Cheat Sheet | HTH TBA vs. Bond Cheat Sheet |
| HTH MASTER TERM SHEET | Master Term Sheet HTH Programs |
| Borrower Certification | HTH Borrower Certification |
| HTH Marketing Flyer | Lender Marketing Flyer 01 |
| HTH Marketing Flyer | Lender Marketing Flyer 02 |
| PARTICIPATING LENDERS | Participating Lenders |
| eHP Process Origination to Loan Purchase | The Process - From HTH Loan Origination to Loan Purchase |