Escambia County Housing Finance Authority (ECHFA) Forgivable 2nd Mortgage

Special Alert

Maximum Purchase Price


Contact Info:

http://www.escambiahfa.com/lenders/homeownership-program-for-lenders 700 S. PALAFOX ST., STE 310, PENSACOLA, FL 32502


Credit Score Requirements

Must meet 1st mortgage agency, insurer and master servicer requirements.

Deferred Payments?

Yes, for 10 years

Accepted First Mortgage Type:

Freddie Mac HFA Advantage, FHA 203(b), VA, USDA / RD

Homeowners Education Class:


Is Forgivable?

The Forgivable DPA Loan is fully forgiven on the anniversary date of loan closing in the 10th year. However, there is no partial or pro-rata forgiveness prior to the anniversary date of the loan closing in the 10th year.


21 Counties Alachua, Bay, Bradford, Escambia, Franklin, Gadsden, Gulf, Hernando, Indian River, Jackson, Jefferson, Leon, Madison, Marion, Martin, Okaloosa, Santa Rosa, St. Lucie, Taylor, Wakulla and Walton Counties.

Income Limitations:

Yes, based on Compliance Income Income limits from Agency-defined 2022 guidelines Freddie Mac HFA Advantage – 80% AMI or less required. More detailed guidelines for calculating program income are located in the Program Guides. Income entered is the higher limits permitted. Lenders are responsible for ensuring limits have not been exceeded.

Maximum Assistance

5% of Total Loan Amount 3%, 4%, or 5% based on homebuyer’s need.

Education Requirements Info:

Although homebuyer education is strongly recommended, it is not required by the Escambia HFA in connection with the Governmental Program Option.

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1-2HH3-8 $103,487$119,840 *Income limits as of 04/20/2023

Qualifying Ratios:

Housing Ratio: — Total DTI: Up To 45% Must meet 1st mortgage agency, insurer and master servicer requirements.
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