City of Lauderhill Purchase Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:

5581 W. Oakland Park Blvd, Lauderhill, FL 33313 954-714-2181


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

97% / 107% LTV not to exceed 97% with no PMI. CLTV not to exceed 107%.

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:


Is Forgivable?

Purchase assistance funding is considered a deferred forgivable loan with an affordability period of 10-15 years. Loan is forgiven on a prorated basis, per annum:  Ten percent (10%) for 10 year terms, and  Six and sixty-sevenths percent (6.67%) for 15 year terms


Lauderhill Properties must be located within the City of Lauderhill boundaries. Depending on the funding source, some areas are prohibited.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines For Home Funding: income cannot exceed 80% AMI For SHIP Funding: income cannot exceed 120% AMI NOTE: Our program model will reflect the highest income category of 120% AMI.

Maximum Assistance

$50,000 Awards are based on need: Very Low income category (50% AMI) – up to $50,000. Low (80% AMI) – up to $40,000. Moderate (120% AMI) (SHIP Program Only) – up to $40,000. NOTE: Applicants will not receive the maximum award in all cases.

Education Requirements Info:

Any HUD approved provider.

Eligible Property Types:

Single Family Detached Condo Co-Op Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $76,200$87,120$98,040$108,840$117,600$126,360$135,000$143,760 *Income limits as of 05/15/2023

Qualifying Ratios:

Housing Ratio: Between 25% and 45% Total DTI: Up To 50% Housing ratio is 45% for the HOME Program (If first institutional mortgage lender is satisfied that the household can afford mortgage payments that are slightly in excess of 45% benchmark) Total debt ratio is 50%. Floor is set at 25% and the City will approve on a case by case basis.