Riviera Beach Renaissance Program

Special Alert

Maximum Purchase Price

Inquire for Details

Contact Info:

https://rbcra.com/ 600 W Blue Heron Blvd, Suite C-225, Riviera Beach, FL 33404 561-844-3408

Limitations

Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes, for 25 years

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), FHA 203(k), VA

Homeowners Education Class:

Required

Is Forgivable?

The Riviera Beach Renaissance Program grant will be a twenty-five (25) year, zero (0%) interest deferred mortgage secured by a lien against the property rehabilitated. The grant will be forgiven at a rate of five percent (5.00%) a year after the first five (5) years

Location:

Riviera Beach All properties must be located in the City of Riviera Beach.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines Annual Household income cannot exceed 120% AMI. Proof of Income required for all household members 18 years and older.

Maximum Assistance

$50,000 The Riviera Beach Renaissance Program will provide down payment, closing cost and housing rehabilitation assistance up to $50,000 to benefit first time homebuyers purchasing single family homes within the Community Redevelopment Area

Education Requirements Info:

The buyer shall attend at least an 8-hour approved homebuyer education course, with counseling through the Riviera Beach Homebuyers Club or similar.

Eligible Property Types:

Single Family Detached

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $77,280$88,320$99,360$110,400$119,280$128,160$136,920$145,800 *Income limits as of 05/18/2023

Qualifying Ratios:

Housing Ratio: Up To 35% Total DTI: Up To 45%

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.

';