|
 McWEB
Lender
Portal
_____________
FLORIDA HOUSING FINANCE
CORPORATION
First-Time Homeowner Program
2007
Series 5
ALL
2007 programs- Effective
3/1/2008
|
FL FIRST |
6.50% |
2nd=HAMI or FL Assist |
|
FL PLUS |
*7.06% |
w/ 4% DPA Grant |
|
FL HEROES |
*6.25% |
2nd=HAMI or FL Assist |
|
FL ADVANTAGE |
*6.00% |
2nd=HAMI or FL Assist |
|
FL 40 |
*6.60% |
2nd=HAMI or FL Assist |
*if
available due to fallout you will see the
BLUE select button.
If you do not have the BLUE select, the funds are NOT available.
Please remember the system is real-time.
Effective 2/19/2008
Florida FIRST |
6.05% |
2nd=HAMI or FL Assist |
Florida PLUS |
6.61% |
w/ 4% DPA Grant |
Florida HEROES |
5.80% |
2nd=HAMI or FL Assist |
Florida ADVANTAGE |
5.55% |
2nd=HAMI or FL Assist |
Florida 40 |
6.15% |
2nd=HAMI or FL Assist |
_____________________________________
Available on 9/18/2007
Florida FIRST |
6.20% |
2nd=HAMI or FL Assist |
Florida PLUS |
6.76% |
w/ 4% DPA Grant |
Florida HEROES |
5.95% |
2nd=HAMI or FL Assist |
Florida ADVANTAGE |
5.70% |
2nd=HAMI or FL Assist |
Florida 40 |
6.30% |
2nd=HAMI or FL Assist |
Florida 40 PLUS |
6.86% |
w/ 4% DPA Grant |
|
Program Size |
2007 Series
5
$100,000,000
Origination Start Date 9/18/2007 |
| Eligible Areas |
Statewide
|
|
Eligible Loan Types |
FHA, VA
Guaranteed & USDA/RD
Conventional - Freddie Mac & Fannie Mae  |
|
Eligible Property
Types |
Single Family
detached or attached, Condos and manufactured homes that meet FNMA, FHA, USDA/RD or VA
requirements and are acceptable
to the Certificate Provider. |
Eligible Homebuyer(s)
|
First
time homebuyer - Applies to all borrowers...
Cannot have owned/occupied own home in past three (3) years.
OWN & OCCUPY. Does not apply to homes in Federally designated target-areas.
|
First Mortgage
Interest Rates |
- FLORIDA
FIRST-----------
(can do HAMI or FL Assist)
-
FLORIDA
PLUS-----------
- FLORIDA HEROES-------
(can do HAMI or FL Assist)
-
FLORIDA
ADVANTAGE-
(can do HAMI or FL Assist)
- FLORIDA
40------------------ (can do HAMI or FL
Assist)
-
FLORIDA 40 PLUS--------
|
Second Mortgages
& Down Payment
Assistance |
-
5% - HAMI - up to $5,000 - 10 year amortized
- 0% - Florida Assist -
up to $10,000 - deferred
|
| Income
Limits |
|
|
Acquisition Limits
|
|
Participating
Lenders
|
FHFC |
|
Documentary
stamp tax and intangible tax may not be charged on the
mortgages or notes to buyer or seller. Deeds are not exempt. Only
seller may pay this charge. Under SECTIONS
199.183,
420.513(1), FLORIDA STATUTES, the Mortgage and Note are exempt
from documentary and intangible taxes.
Mortgages
and notes for Florida
Housing first and second mortgages are exempt from
Documentary stamp tax and Intangible tax. Deeds are not
exempt. Borrowers may not pay this charge with the
exception of homes purchased from HUD.
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IMPORTANT NEWS- As of August 1,
2007- ALL reservations will require Face-to-Face HUD approved First Time
Homebuyer Counseling.
REQUIRED FOR ALL first time borrowers.
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