City of Fort Myers Purchase Assistance Program
Special Alert
Maximum Purchase Price
$280,000
Contact Info:
https://cityftmyers.com/1299/Housing 1825 Hendry St, Fort Myers, FL 33901 239-321-7970
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?
Lien forgiven after 30 year of owner occupancy as primary residence
Location:
Fort Myers Property to be within Fort Myers, FL
Income Limitations:
Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines Program serves income categories of very-low, low and moderate. Income cannot exceed the moderate income of 120% AMI. (SHIP income limits are supplied by Florida Housing Finance Corporation annually)
Maximum Assistance
$35,000 Up to $35,000 based on income
Education Requirements Info:
All first-time home buyers are required to attend a HUD approved Homebuyer Education class prior to closing of your home. Search for a HUD Approved agency: https://hudgov-answers.force.com/housingcounseling/s/?language=en_US
Eligible Property Types:
Single Family Detached Condo Townhome/PUD
Income By Household Size:
HH1HH2HH3HH4HH5HH6HH7HH8 $45,050$51,450$57,900$64,300$69,450$74,600$79,750$84,900 *Income limits as of 05/08/2023
Qualifying Ratios:
Determined by first mortgage product or lender.
