City of Daytona Beach Affordable Home Ownership Assistance Program (AHOAP)
Special Alert
Maximum Purchase Price
$258,690
Contact Info:
Municipality
Limitations
Credit Score Requirements
Based on 1st mortgage requirements.
Deferred Payments?
Yes
Accepted First Mortgage Type:
Freddie Mac, Freddie Mac HFA Advantage, Freddie Mac Home Possible, Fannie Mae, Fannie Mae HFA Preferred, Fannie Mae HomeReady, FHA 203(b), VA
Homeowners Education Class:
Required
Is Forgivable?
Location:
Daytona Beach Property must be within the city limits of Daytona Beach, FL.
Income Limitations:
Yes, based on Compliance Income (including household income) Income limits from HUD 2023 120% AMI guidelines Program uses income limits from 30% – 120% AMI. (Our program model will reflect the highest income limits)
Maximum Assistance
$50,000 NOTE: Assistance is based on need, household income, family size. Up to $50,000 in assistance for extremely-low (30% AMI) to very–low income (50% AMI) households. Up to $40,000 in assistance for low income (80% AMI) households. Up to $30k in assistance for moderate income (120% AMI) households. NOTE: Rehabilitation assistance for existing homes shall not exceed $15,000.
Education Requirements Info:
For more information, please contact our partners: Central Florida Community Development Corporation, (386) 253-3232 Mid-Florida Housing Partnership, Inc., (386) 274-4441 Habitat for Humanity of Greater Volusia County, (386) 257-9950
Eligible Property Types:
Single Family Detached Condo Townhome/PUD
Income By Household Size:
HH1HH2HH3HH4HH5HH6HH7HH8 $65,040$74,400$83,640$92,880$100,320$107,760$115,200$122,640 *Income limits as of 05/31/2023
Qualifying Ratios:
Housing Ratio: Up To 30% Total DTI: Up To 40%
