City of Pensacola and Escambia County HOME Homebuyers Program
Special Alert
Maximum Purchase Price
$251,000
Contact Info:
http://cityofpensacola.com/ 420 W. Chase Street, Pensacola, FL 32502 850-858350
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, USDA / RD
Homeowners Education Class:
Required
Is Forgivable?
Forgiven provided no default
Location:
1 County: Escambia Applicant(s) must purchase within Escambia County (CRA) designated areas. Check address here: http://maps2.roktech.net/escambia_searchbar/results.html
Income Limitations:
Yes, based on Compliance Income (including household income) Income limits from HUD 2022 80% AMI guidelines Can only assist buyer(s) at or below 80% AMI
Maximum Assistance
$12,500 Max award up to $12,500.00
Education Requirements Info:
All homebuyer programs require completion of a pre-purchase homebuyer education class by a HUD certified counseling agency prior to closing on your home. Please plan ahead in scheduling your class with the counseling agency as classes fill up quickly. Contact one of the following agencies listed on program page for more information and class schedules: https://www.cityofpensacola.com/183/Home-Buyers-Programs
Eligible Property Types:
Single Family Detached Condo Co-Op Townhome/PUD
Income By Household Size:
$1,000
Qualifying Ratios:
Determined by first mortgage product or lender.
