Jump to subpage Jefferson St. Brooksville, FL Phone Fax What is The Construction Strategy? The Construction Strategy makes SHIP funding available to area non-profit housing agencies and non-profit housing developers to partially underwrite the costs of construction or rehabilitating affordable homes.
These funds will enhance affordability and enable the non-profit housing sector to increase the number of affordable housing units produced for SHIP eligible homebuyers within Hernando County. The goal of this strategy is to increase homeownership primarily targeting very low income families. Funding available. What is The Emergency Repairs Strategy? The Emergency Repairs Strategy assists homeowners who have been notified by their homeowner insurance carrier that they must have repairs to their home or face the loss of their homeowners insurance.
Currently funding available. Funding Not Currently Available. The Down Payment Assistance Strategy assists qualified applicants with zero interest loans to assist in meeting their down payment and closing cost requirements. What is The Homeowner Rehabilitation Strategy? Funding matched to CDBG program. For more information contact call Funding currently not available. Understanding the Down Payment Assistance Process. What is the Down Payment Assistance Program?
The four main eligibility requirements are as follows: Applicants must meet income limits for family size without going over Ability to qualify with a financial institution obtain a pre-approval Must participate in a First Time Home Buyers Education Class Must not have owned a home anywhere within the three previous years public record searches are conducted for verification Eligibility is based upon household size and anticipated gross annual income.
How Much Money is Available? What are the Loan Terms? The home purchased is no longer your primary residence i. The following guideline is "recommended" for best results in applying for down payment assistance: Obtain Pre-Approval from reputable mortgage lender or bank mandatory Schedule First Time Homebuyers Education Class Make appointment to apply for SHIP funds Contact Realtor or Builder wait to sign contracts One of the reasons for obtaining a pre-approval from a mortgage lender first is that it is a mandatory requirement prior to scheduling an appointment to apply for the funding.
What is the Time Frame to Process an Application? What Types of Down Payment Assistance are there? They are as follows: Existing. Miscellaneous Information. What is a "Letter of Approval"? What Properties are Eligible? The maximum allowable purchase prices for homes are as follows: Existing Homes To take advantage of the Hernando County Down Payment Assistance Program, you must submit the following documents at your scheduled appointment time for any applicable household member: Four most recent pay stubs, or letter from employer showing current year-to-date gross income, hours worked, hourly rate, overtime and rate, etc.
Do you need the most up-to-date resource at your fingertips? If not, click the links below. The Coalition offers publications focused on various aspects of housing that is affordable. Please click the covers below to open the publications.
Click the SHIP logo image to download and save the logo. Subscribe to Our weekly member updates Join our mailing list to receive the latest news and updates from our team. City, State. Our assistance helps those involved in the administration of the program be successful in the implementation of your SHIP program strategies. We offer guidance on effective program design and help you, your staff and partners comply with program rules and statutes. We help your organization identify partners and resources, provide training and technical assistance on how to implement your program and show you how to properly track program encumbrances and expenditures.
Affordable Housing Programs. Organizational Capacity Building. In compliance with "Government in the Sunshine" laws, Orange County Government must make available, at request, any and all information not deemed a threat to the security of law enforcement agencies and personnel. Accessibility Help. Search our site. Visit Helpful Links www. Homebuyer Program Assistance to help you purchase a home. Down Payment Assistance DPA The Down Payment Assistance Program provides assistance to qualified first time homebuyers for down payment and closing costs associated with purchasing a home.
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