PLEASE NOTE: FL Housing’s down payment and closing cost assistance CANNOT be used to cover the cost difference between the sales price and the appraised value and CANNOT be used to pay off borrower debt. The difference between appraised value and sales price or debt repayment must be paid with borrower’s own funds. Adhere to Agency/GSE (FHA, USDA-RD, VA, Fannie Mae, Freddie Mac) guidelines specific to citizenship requirements and documentation to support citizenship. Borrower(s) must have the ability to permanently and LAWFULLY reside in the State of Florida. On Freddie Mac loans, Borrower(s) must not have an ownership interest in more than two financed residential properties, including the subject property, as of the Note date. All borrowers are restricted to a one-time participation in FL Housing’s Homebuyer Loan Program. Any party appearing on mortgage, title/deed or note to This includes all first and second mortgage programs.