Martin County HOME Down Payment Assistance Program
Special Alert
Maximum Purchase Price
$301,000
Contact Info:
https://www.martin.fl.us 2401 SE Monerey Road, Stuart, FL 34996 772-288-5400
Limitations
Credit Score Requirements
Based on 1st mortgage requirements.
Deferred Payments?
Yes
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:
Required
Is Forgivable?
No Annual Forgiveness.
Location:
1 County: Martin Property must be located within the unincorporated areas of Martin County.
Income Limitations:
Yes, based on Compliance Income (including household income) Income limits from HUD 2022 80% AMI guidelines Cannot exceed 80% Area Median Income (AMI). Income for all household members 18+ years old for next 12 months must be declared and verified.
Maximum Assistance
$50,000 The county presently provides up to $50,000 in assistance.
Education Requirements Info:
https://hudgov-answers.force.com/housingcounseling/s/
Eligible Property Types:
Single Family Detached Condo Townhome/PUD
Income By Household Size:
HH1HH2HH3HH4HH5HH6HH7HH8 $44,800$51,200$57,600$64,000$69,150$74,250$79,400$84,500 *Income limits as of 05/17/2023
Qualifying Ratios:
Determined by first mortgage product or lender.
