For a brief overview of the program, please see my first posting
Homebuyer Loan Process: Keeping it simple, keeps you happy!
1. Contact a HOP educated REALTOR and Lender to assist you with your homebuying process 2. Once construction on the Unit has begun, Members (HOP builders) will reserve your homebuyer financing (provided on a loan-by-loan basis) by providing the required date of foundation inspection on the HOP Homebuyer Reservation (“HOPRES201 (5/01/08”) - for more information, please see http://www.floridahousing.org/Home/Developers/HomeownershipPrograms/HOP. 3. Within fourteen (14) Calendar Days of making the reservation, Members … (0 comments)
For a brief overview of the program, please see my first posting
Eligible Homebuyer Requirements: 1. In order to receive a HOP Loan under the HOP program, the Eligible Homebuyer must: (1) Have an Adjusted Income that does not exceed eighty percent (80%) AMI (2) Qualify as an Eligible Homebuyer at the time of the execution of the purchase contract (3) Occupy the Unit as their principal residence (4) Provide a minimum down payment of $500, except when participating in a Self-Help program … (0 comments)
For a brief overview of the program, please see my first posting
Additional Building Requirements:
All Units must be new construction which have not been previously occupied except that Members that are counties and eligible municipalities that are administrators of SHIP funding may make reservations for Eligible Homebuyers for HOP funds on Units that are currently in the process of Substantial Rehabilitation. At no time shall the HOME financing exceed the Maximum Per Unit Subsidy Limits pursuant to 24 CFR § 92.250. The maximum per-unit subsidy of HOP funding is limited to the … (0 comments)
For a brief overview of the program, please see my first posting
Requirements for Building Eligibility:
1. All New Construction Units are required to meet the more stringent of the State or Local Building Code, as well as accomplish/include the following: a. Range and oven b. ENERGY STAR rated refrigerator c. ENERGY STAR rated dishwasher (which may be waived for self help units) d. Lever-handled faucet with removable spout or lever-handled faucet with separate sprayer (spout or sprayer must have at least a 9-inch hose) e. … (0 comments)
Thinking outside the box when it comes to buying homes in Florida!!!
Florida’s HOP program
What is it? The Florida Home Ownership Pool Program, a program of the Florida Housing Finance Corporation, provides matching funds and down payment assistance to Eligible Homebuyers for the purchase of new construction or substantially rehabilitated units.
Are you eligible as a homebuyer? If your income does not exceed 80% of the Area Median Income (AMI), then, yes, you are potentially eligible for this program (contact the Florida Housing Finance Corporation for more information on eligibility).
Florida’s HOP program;)
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