City of Fort Myers Neighborhood Stabilization Program (NSP)

Special Alert

Program limited to specific homes.

Maximum Purchase Price

Inquire for Details

Contact Info:

https://cityftmyers.com/1299/Housing 1825 Hendry St, Fort Myers, FL 33901 239-321-7970


The City of Fort Myers recommends that you have a home inspection conducted prior to purchasing any home. Property must be one made available by the city- https://cityftmyers.com/1656/NSP-Properties-for-Sale. Please note that before you can visit an NSP home in person, you must go through the NSP application process through one of the housing agencies approved by Lee County to manage the NSP application process. NSP homes are located in the city limits. Qualified homebuyers will be matched up with a single family home in one of these locations: Central Fort Myers, Dunbar-Bellvue, and East Fort Myers

Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?


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, USDA / RD

Homeowners Education Class:


Is Forgivable?

The second mortgage will be 100% forgivable after fifteen years of owner occupancy as primary residence.


Fort Myers Property must be one made available for sale by the city.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines The Neighborhood Stabilization Program (NSP) is for the City of Fort Myers residents with an adjusted family income that is up to 120% of the area household median income

Maximum Assistance

50% of Purchase Price Assistance levels are based on income categories: Low Income (50% AMI) Category = 12.5% – 50% of Sales Price Moderate Income (50.01 – 80% AMI) Category = 10% – 40% of Sales Price Middle Income (80.01 – 120% AMI) Category = 7.5% – 30% of Sales Price (plus reasonable closing costs on all income categories)

Education Requirements Info:

You must contact one of the HUD-certified housing counseling agencies listed here to get started: Home Ownership Resource Center Ph: 239-768-2013 https://horcswfl.org/ Lee County Housing Development Corporation Ph: 239-275-5105 https://leecountyhdc.org/ Housing Authority of the City of Fort Myers Ph: 239-344-3245 https://www.hacfm.org/ Cape Coral Housing Development Corporation 239-471922

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $47,400$54,120$60,840$67,560$73,080$78,480$83,880$89,280 *Income limits as of 05/08/2023

Qualifying Ratios:

Housing Ratio: — Total DTI: Up To 45% Applicants must have a debt-to-income ratio of no more than 45% (total debt income ratio).
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