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Latest Update on Jacksonville FL Down Payment Assistance Programs!

By
Real Estate Agent with Watson Realty Corp SL3137324

Here is the latest news on down payment assistance programs for Jacksonville and Orange Park FL homebuyers.

The Headstart to Home ownership or H2H as it is also called has been renewed for Jacksonville FL residents! The income limits for this program have been lifted from 80% of median household income to 120%. This means a family of 4 may earn up to $78,120 and still be eligible for assistance. The down payment assistance amount is up to $15,000 with an additional $5,000 for targeted areas in Jacksonville, FL.

 The FHLBank Atlanta's First-time Homebuyer Program (FHP) or "match money" program will be back effective 4/19 for Jacksonville FL and Orange Park FL residents! This program provides $5 for every $1 you place towards your real estate transaction up to $7,500 for moderate to low income residents. We have been waiting on funding for this program for quite some time so I am really excited about it being back. Keep in mind that once these funds are gone they are gone.

As always "Florida Bond Money" is still available as well with up to $7,500 in down payment and closing cost assistance. This program is administered by the Florida Housing Finance Corporation.

The Federal homebuyer tax credit ends on April 30, 2010 and I have not heard any talk of an extension. The tax credit provides up to $8,000 for first time homebuyers and up to $6,500 for previous homeowners.

If you are someone that you know of is interested in any of these opportunities please have them give contact me (904)962-8404.

 

Comments (1)

Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

You always do an amazing job of getting really important information out to your area, Kim!  Great highlights on these programs for Down Payment Assistance!

Wake Forest NC House Chick

Mar 30, 2010 01:22 AM