Orange County Housing Finance Authority (OCHFA) – Central Florida Housing Opportunities Program (Conventional)

Special Alert

Maximum Purchase Price


Contact Info:

Local HFA


Borrower(s) must not have an ownership interest in more than two residential properties including the subject property as of the Note date. Lender must follow, Freddie Mac guidelines regarding ownership of other property. Assumptions are not permitted. Construction to perm is not permitted. Buy-downs Not permitted. Lenders – For Condominiums you must consult with US Bank and refer to Agency Guidelines (1-800-562-5165). Must meet agency, insurer and master servicer requirements.

Credit Score Requirements

Minimum Credit Score: 640

Deferred Payments?

Accepted First Mortgage Type:

Freddie Mac HFA Advantage

Homeowners Education Class:


Is Forgivable?


4 Counties: Lake, Orange, Osceola, Seminole Includes all of Lake, Orange, Osceola and Seminole counties.

Income Limitations:

Yes, based on Qualifying (1003) Income Income limits from FHFA/GSE 2022 80% AMI guidelines

Maximum Assistance

Education Requirements Info:

Buyers utilizing the Freddie Mac HFA Advantage Conventional Loan will be required to attend homebuyer education. This education MUST be provided pre-closing, or the loan will NOT be purchasable by the program Master Servicer, US Bank. The Issuer prefers that education be taken as early in the homebuyer 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. Face to face from a HUD-approved education provider – https://www.ochfa.com/FAQ-Add-On/FAQ/FAQ-sf-edu.html

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1-8 $82,600 *Income limits as of 05/15/2023

Qualifying Ratios:

Housing Ratio: — Total DTI: Up To 50% • The program maximum DTI ratio is 45% for Freddie Mac loans with a minimum 640 FICO. • The program maximum DTI ratio is 50% for Freddie Mac loans with a minimum 680 FICO. • Lenders must comply with Mortgage Insurance DTI requirements which may limit the maximum DTI for borrowers with a FICO under 700.
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.