Your
Key to
Home Ownership
|
Who
can use these programs?
You must be a first-time homebuyer, or you cannot have owned a home, either jointly
or individually, in the last three years that is considered your primary residence.
Also, you must live in any home bought through these programs. Consult a participating
lender for more information.
2007-A First-Time
Homebuyer Programs
Purchase Price Limits $237,031 |
2007-A
First Time Homebuyer Programs
presented by the
Housing Finance Authority of
Pinellas, Pasco and Polk Counties
| Household Size |
Income
Limits |
| 1-2 persons |
$54,800 |
| 3 or more |
$63,020 |
| Program |
Rate |
| Home Key |
5.99% |
| Home Key 2nd |
6.85% |
| Home Key 40 Yr. |
6.30% |
| Home Key 10 Yr. |
6.95% |
All four options have income and purchase price
requirements. All homes financed must be the
primary residence of the owner/ occupant. *Targeted Areas may have different income and
purchase price limits. |
|
Getting Started
Congratulations! You've decided to purchase your first home, a decision you've probably thought about for a long time. The Housing Finance Authority of Pinellas County can provide you with the Key to Home Ownership. There are different paths to choose, depending on your income and need for down payment assistance. All will lead to the same destination: a home of your own:
|
 |
Get the Knowledge You Need
You may choose to attend a free Homebuyer Education class offered by Pinellas, Pasco and Polk Counties. You'll learn how to avoid costly mistakes when purchasing your first home, how to save on energy costs, how much house you can afford and more. Call one of the agencies  to register for the next class. |
Talk to a Lender
Contact one of the participating lenders in your area and discuss which program would be right for you. Also, ask about obtaining a pre-approval on your mortgage. The lender will be able t tell you how much of a mortgage you can afford. By being pre-approved for your mortgage you will save time and energy in your search for a home. |
Consider Rates & Mortgage Options
Home Key
Fixed rate 30-year mortgage at 5.99%
Home Key 2nd
Borrow additional money at 6.85% for either down payment or closing costs with 30 years to repay. For Home
Borrowers only.
Home Key 40
A 40-year fixed rate mortgage with interest only payments for the first 10 years!
Home Key 10
Borrow additional money for either the down payment or closing costs. Allows 10 years for repayment. Home Key 10 can only be used in conjunction with the Home Key 40.
 Additional Down Payment & Closing Cost Assistance!
All payments Deferred for 5 Years.
- Making
Pinellas Home
Up to $15,000 at 0% interest is available to eligible homebuyers purchasing homes in Pinellas County. Household income must be less than 80% of Area Median Income (AMI).
- Home Town Heroes Plus
Note: Funds for “HomeTown Heroes Plus” are not available again until about October 2008. For additional information, please contact us at (727) 464-8210.
Up to $25,000
at 0% interest is available to eligible homebuyers, including certain health, public safety, school and military personnel. Loans are for homes purchased in Pinellas County, excluding the cities of Belleair Shore, Clearwater, Largo and St. Petersburg. Household income must be less than 120% of AMI.
|
Housing Finance Authority of Pinellas County
Board Members
Rodney S. Fischer, Chairman
Tasker Beal, Jr., Vice-Chairman
Norris E. Counts, Secretary/Treasurer
June Cullen, Assistant Secretary
Jim Sebesta, Assistant Secretary
1-800-806-5154
Click here to go to the Housing Finance Authority home page.
Pinellas County complies with the Americans with Disabilities Act. To obtain accessible formats of this document, please contact the Communications Department at:
(727) 464-4600/ TDD (727) 464-4431
To request
a printed copy of the First Time Homebuyer
Brochure, please call
(727) - 464-8210 |
| Community
Development | Housing Finance Authority