Lee County Human and Veteran Services – CDBG Homeownership Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:

https://www.leegov.com 2440 Thompson St, Fort Myers, FL 33901 239-533-7938


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?


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:


Is Forgivable?

Zero percent interest (0%) and no monthly payments will be due. The second mortgage is self-amortizing and will reduce at a rate of 20% per year. Homebuyer must agree to occupy the property as their principal residence and maintain a homestead exemption during the five (5) year second mortgage term. As long as the property is occupied as a primary homesteaded residence for the five-year term, a satisfaction of mortgage will be given, and the second mortgage will not have to be repaid.


1 County: Lee Property must be located within unincorporated Lee County, Florida.

Income Limitations:

Yes (including household income) Income limits from HUD 2022 80% AMI guidelines Annual Household Income (for all household members 18 and over) will be counted. All assets (for all household members) will be considered when calculating annual income (i.e.: checking/savings accounts, IRA’s, 401(k)’s, CD’s, cash value life insurance, etc.).

Maximum Assistance

50% of Required Down Payment up to $75,000 Up to 50% of the lender-required minimum down payment. Additional mortgage subsidy may be provided to ensure the housing payment is affordable to the purchaser. Maximum assistance in any case will be $75,000.

Education Requirements Info:

Homebuyer must attend a HUD certified homebuyer education workshop/class and provide a certificate of completion to Lee County. The certificate cannot be more than 12 months old at the time of the closing. You can contact one of the following agencies to sign up for the class: Lee County Housing Development Corporation Phone: 239-275-5105 Affordable Homeownership Foundation Inc. Phone: 239-689-4944 Housing Authority of the City of Fort Myers Phone: 239-344-3220 Habitat for Humanity of Lee & Hendry Counties Phone: 239-652-1682

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $45,050$51,450$57,900$64,300$69,450$74,600$79,750$84,900 *Income limits as of 06/08/2023

Qualifying Ratios:

Housing Ratio: Up To 35% Total DTI: Up To 45% Maximum front-end ratio is 35%, (total housing payment plus homeowner’s association fees, if any, divided by gross monthly income cannot exceed 35%). Maximum back-end ratio is 45% (total housing payment, plus homeowner’s association fees, if any, AND other recurring debts such as credit card payments, car payments, student loans, etc. divided by gross monthly income cannot exceed 45%). There are NO exceptions to these maximum debt-to-income ratios. We use the income (and debt) of all occupying household members to calculate the debt-to-income ratio. Another debt-to-income consideration is that the property taxes are based on the current year’s (most recent) tax bill, regardless of the property status (unless new construction, in which case we will utilize the Tax Estimator on the Property Appraiser’s website).
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