Santa Rosa County (HOME) Homebuyer Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:



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?

Half of the 10 year mortgage is forgiven at the completion of the 5th year and 20% forgiven for every remaining year.


1 County: Santa Rosa Property must be located in Santa Rosa County, FL.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 80% AMI guidelines Applicant’s gross household annual income must meet limitations as published for the Pensacola MSA by the U. S. Department of Housing and Urban Development (adjusted annually), cannot exceed 80% AMI

Maximum Assistance

$35,000 A maximum assistance amount of $35,000 will be provided to all income qualified applicants.

Education Requirements Info:

All recipients of funding (including all recipients on the loan and all spouse regardless of if on loan) are required to attend a HUD approved Homebuyer Education Class (in-person) prior to receiving funding. Classes are available through: • Community Enterprise Investments, Inc. (CEII). Reservations for the class can be made by calling Preston Denagall at 850-595-6234 extension 206. The class is provided free of charge to the prospective homebuyer. For convenience the course is also offered online http://www.ehomeamerica.org for a fee. • Pensacola Habitat for Humanity. Classes offered on a monthly basis. The Course is free and includes a light breakfast and lunch. For more information go to: https://pensacolahabitat.org/housing-counseling or contact Betsy McDonald at 850-434-5456, Ext 131 or via email emcdonald@pensacolahabitat.org

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:


Qualifying Ratios:

Housing Ratio: Up To 35% Total DTI: Up To 41% The housing unit must be affordable with total monthly principal, interest, taxes and insurance not exceeding 35% of the family’s total gross monthly income. Total debt ratio can not exceed 41%.
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