Orange County Housing Finance Authority Central Florida Homebuyer s Dream Program

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1 Orange County Housing Finance Authority Central Florida Homebuyer s Dream Program ELIGIBLE AREA Lake, Orange, Osceola and Seminole counties. ELIGIBILITY CRITERIA* Buyers and their spouses (occupant and non-occupant) must be first-time buyers and must be able to permanently reside in the US. Eligible loan products include FHA, VA and USDA;RD loans. All applicants must be considered irrespective of age, race, color, religion, national origin, sex, marital status, military status or physical handicap. Buyers must occupy the property purchased within 60 days of closing. Buyers must live in the property as their principal residence and the property may never be rented. * See loan officer for additional information DOWN PAYMENT ASSISTANCE 30 Year Deferred, 0.00% interest second mortgage, up to $7,500 for down payment and closing cost assistance. The second mortgage is NEVER FORGIVEN and must be repaid when the first mortgage is refinanced, sold, short-sale, foreclosure or if the borrower ceases to live in the property. INCOME LIMIT CRITERIA Household income is considered for ALL Borrower(s), spouses and anyone 18 years or older. 1-2 person household $63,900 3 or more person household $73,485 PURCHASE PRICE LIMIT $271,164 HOMEBUYER EDUCATION First-Time Homebuyers must complete a Program-approved pre-purchase homebuyer education course. Please speak with a participating lender for details. ELIGIBLE PROPERTY New or existing, one to four units, detached or attached, condos, townhomes. CREDIT SCORE - FICO mid score must be 640 or higher. DTI The maximum debt-to-income (DTI) ratio is 45%. WHAT'S THE NEXT STEP? If you think you qualify for the program based upon the criteria above, contact a participating loan officer to get pre-approved for a mortgage. Rev 06/07/18

2 Orange County Housing Finance Authority Central Florida Housing Opportunities Program ELIGIBLE AREA Lake, Orange, Osceola and Seminole counties. ELIGIBILITY CRITERIA* Buyers are NOT required to be first-time buyers. Buyers must be able to permanently reside in the U.S. Eligible loan product includes Freddie Mac HFA Advantage conventional loan. All applicants must be considered irrespective of age, race, color, religion, national origin, sex, marital status, military status or physical handicap. Buyers must occupy the property purchased within 60 days of closing. Buyers must live in the property as their principal residence and the property may never be rented. See loan officer for additional information DOWN PAYMENT ASSISTANCE 30 Year Deferred, 0.00% interest second mortgage, up to $7,500 for down payment and closing cost assistance. The second mortgage is NEVER FORGIVEN and must be repaid when the first mortgage is refinanced, sold, short-sale, foreclosure or if the borrower ceases to live in the property. INCOME LIMIT CRITERIA Income considered is that ONLY of the borrower/s. All household sizes $82,600 PURCHASE PRICE LIMIT $311,881 HOMEBUYER EDUCATION First-Time Homebuyers must complete a Program-approved pre-purchase homebuyer education course. Please speak with a participating lender for details. ELIGIBLE PROPERTY New or existing, one to four units, detached or attached, condos, townhomes. CREDIT SCORE - FICO mid score must be 640 or higher. DTI The maximum debt-to-income (DTI) ratio is 47%. WHAT'S THE NEXT STEP? If you think you qualify for the program based upon the criteria above, contact a participating loan officer to get pre-approved for a mortgage.

3 Affordable Income Subsidy (AIS) Grant Assistance Additional down payment assistance is available for borrowers who qualify for the Central Florida Housing Opportunities Program, with lower income limits. The borrower must utilize the Freddie Mac conventional loan offered in the Central Florida Housing Opportunities Program to be eligible for the additional assistance. Lake, Orange, Osceola, and Seminole County borrowers at or below $50,320 may receive an additional $1,500 grant for down payment and closing cost assistance. Lake, Orange, Osceola, and Seminole County borrowers at or below $31,450, may receive an additional $2,500 grant for down payment and closing cost assistance. The AIS Grant assistance is never repaid. If you determine you qualify for additional assistance, please contact a participating lender found within this flyer.

4 Central Florida Homebuyer s Dream Program Orange County Housing Finance Authority Multi-County Program Active Participating Loan Officers (SP) = Spanish Speaking Company Name Phone # Atlantic Bay Mortgage Group, LLC. Bank of England Broker Solutions Inc, DBA New American Funding Christensen Financial, Inc. Envoy Mortgage, Ltd Fairway Independent Mortgage Corporation Fairway Independent Mortgage Corporation Land Home Financial Services, Inc. Waterstone Mortgage Corporation Waterstone Mortgage Corporation Cheryl Anthony NMLS: ID Austin Grocoff NMLS: ID Kenol Cadet NMLS: ID Laurie Van Haften NMLS: ID Scott Crosby NMLS: ID Bill Staiger NMLS: ID Evelyn Parker NMLS: ID Vincent Ortiz NMLS: ID (SP) Barry Botwin NMLS: ID Edeline St Preux NMLS: ID

5 MyFirstFloridaHome.com Certified Realtor Partner Osceola County Last Updated Name Company Phone Don Robinson Robinson Forges Realty International Gilberto Nieves Paradise One Realty Victor Valentin Victor Manuel