Florida Housing Finance Corporation (FHFC) Homeownership Loan Program (HLP) Second

Special Alert

Maximum Purchase Price


Contact Info:



Borrower(s) must not have an ownership interest in more than two financed residential properties, including the subject property, as of the Note date. Borrower(s) must not exceed the maximum Income Limit requirements, adjusted for household size, for the county in which the property is being purchased. Income limits in the Coverage Area section is for the TBA FL First, HFA Preferred and HFA Advantage. Lenders must verify in the program guides if borrowers income does qualify based on the actual FHFC 1st Mortgage program selected. All loans must adhere to a 60-day delivery timeline. Loans purchased after the maximum delivery date will be charged 25 bps late fee and this fee will be netted from the Participating Lender’s SRP at loan purchase.

Credit Score Requirements

Must meet FHFC 1st Mortgage requirements.

Deferred Payments?


Accepted First Mortgage Type:

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

Homeowners Education Class:


Is Forgivable?


67 Counties Available statewide in Florida.

Income Limitations:

Yes Income limits from Agency-defined 2022 guidelines Must meet FHFC 1st Mortgage requirements.

Maximum Assistance


Education Requirements Info:

The course must meet standards defined by HUD or the National Industry Standards for Homeownership Education and Counseling. Lender must retain a copy of the certificate of course completion in the loan file. Examples of acceptable courses include: Freddie Mac CreditSmart Homebuyer U Essent Homebuyer Education Radian MI-HomeTrek Arch MI Fannie Mae Framework Any HUD Approved Counseling Course Whatever option is chosen, the course must provide a certificate and be completed prior to closing. All borrowers must complete the training and be listed on the certificate. You must also follow the appropriate agency (FHA, VA, USDA, FNMA, or FHLMC) guidelines as well.

Eligible Property Types:

Single Family DetachedCondo Townhome/PUDManufactured Home Modular Home

Income By Household Size:

HH1-8 $143,500 *Income limits as of 05/03/2023

Qualifying Ratios:

Must meet FHFC 1st Mortgage requirements.
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