Orange County Housing Finance Authority (OCHFA) – Central Florida Second Mortgage Assistance

Special Alert

Income limits follow the Homebuyer’s Dream 1st Mortgage program.

Maximum Purchase Price


Contact Info:

Local HFA


The second mortgage loan is not assumable. Must meet the 1st mortgage guidelines. Lenders are responsible for ensuring income limits are met. The Second Mortgage income limits are the same as the 1st Mortgage selected and if the property is located within a Targeted area or not. The coverage area income and purchase price limits within this model is outlining the highest targeted government limits.

Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes, for 30 years

Accepted First Mortgage Type:

Freddie Mac HFA Advantage, FHA 203(b), VA, USDA / RD

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 Compliance Income (including household income) Income limits from Agency-defined 2022 guidelines Follow 1st Mortgage program guide and requirements.

Maximum Assistance

$10,000 Up to $10,000 is available.

Education Requirements Info:

First-Time Homebuyers, unless qualifying under a Veteran’s Exception or those who are exempt by purchasing a home in a Federally Designated Targeted Area as specified in the this Program Guide, must complete a Program-approved pre-purchase homebuyer education course. Acceptable forms of education are: face-to-face homebuyer education if provided by a HUD approved counseling agency, a unit of local government that provides pre-purchase homebuyer education in FL, or a counseling agency designated by a unit of local government to provide homebuyer education on their behalf. Refer to www.hud.govfor a list of approved education providers by county. Online HBE is permitted if provided by a HUD approved agency, a unit of local government that provides pre-purchase homebuyer education in FL, a mortgage insurance provider, or an Agency or GSE sponsored course. Homebuyer education provided over the phone or by the lender is NOT acceptable. Certificates of completion are acceptable for 2 years from the date of completion. Face to face from a HUD-approved education provider –

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1-2HH3-8 $99,480$116,060 *Income limits as of 05/15/2023

Qualifying Ratios:

Determined by first mortgage product or lender.