Housing Finance Authority (HFA) of Lee County – Own a Home Opportunity Mortgage Credit Certificate (MCC) Program

Special Alert

Maximum Purchase Price


Contact Info:

http://hfaleeco.org/ PO Box 2258, Fort Myers, FL 33902 239-334-4003


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Accepted First Mortgage Type:

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

Homeowners Education Class:


Is Forgivable?


8 Counties: Charlotte, Collier, DeSoto, Lee, Palm Beach, Sarasota, St. Johns, Volusia Charlotte, Collier, DeSoto, Lee, Palm Beach Sarasota, St. Johns and Volusia Counties

Income Limitations:

Yes, based on Compliance Income (including household income) Include income of borrower(s) and spouse and any person who will live in the household who is 18 years of age or older. Program income is not averaged. It is annualized. That’s different from income used for credit underwriting. More detailed guidelines for calculating program income are in the Underwriter’s Program Income Calculation Guide included in these Guidelines. https://www.ehousingplus.com/wp-content/uploads/Lee-First-FINAL-Guide9-16-21.pdf

Maximum Assistance

Education Requirements Info:

Homebuyer Education All borrowers must attend homebuyer education from an educational provider approved by the Issuer. The Issuer prefers that education be taken as early in the home buying process as possible to maximize the benefit to the borrowers. A Homebuyer Education Certification is acceptable for a period of one year from issuance. Lender provided homebuyer education is unacceptable as is over the phone education. If an education course is not listed on the HUD face-to-face web site, it is not acceptable. Approved Face-to-Face education provider 1) Face to face from a HUD approved education provider: https://apps.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=FL

Eligible Property Types:

Single Family Detached Condo Townhome/PUD Modular Home

Income By Household Size:

HH1-2HH3-8 $104,740$120,451 *Income limits as of 04/28/2023

Qualifying Ratios:

Determined by first mortgage product or lender.