The Housing Finance Authority of Hillsborough County (or HFA) has just announced a raising funds to their down payment assistance for low and moderate income first time home buyers in Hillsborough County. This program has assisted over 250 families achieve the dream of ownership in the past two years alone.
How many homeowners are in need of down payment and closing cost assistance. The program combines a 30 year fixed rate and fully amortizing first mortgage loan assistance in the form of a second mortgage help to $7,500. The 2nd mortgage is a 30 year differed 0% loan that may be used for down payment and closing costs. also all qualify burners will receive a federal income tax credit I love to 2000 for every year they occupy the presence known as a mortgage credit certificate.
Some program requirements include income limits, sales price limits, and minimum credit score and dead to income ratio, for example earnings cannot exceed $67,608 and household of 1 to 2 people, or $78,963 people for more living in the same house worth. Homes anywhere in Hillsborough County including the unincorporated time does was within the city limits of Tampa Temple Terrace in Plant City qualify as long as a purchase price is not exceed $270,000 also the program requires that a borrower have a minimum credit score of 640 and with a max debt to income ratio of 45 %.
I would be happy to find your new home in Logan Gate Village!
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