09/07/2016
The Hardest Hit Fund- Check it out Central Florida
ELIGIBLE AREAS
•Hardest Hit Fund – HHF
•Effective 9/1 HHF includes: Brevard, Clay, Duval, Hillsborough, Orange, Osceola, Pasco, Pinellas, Polk, St. Lucie, Volusia Counties.
ELIGIBILITY CRITERIA
•First Time Homebuyer, applies to all borrower(s) and Spouses.
HHF DOWN PAYMENT ASSISTANCE
•HHF – Hardest Hit Funds
•up to $15,000
•0%, 5 year, deferred loan, forgiven at the rate of 20% per year
•Lender upfronts. US Bank will reimburse at purchase
•Cash back is not allowed
HOME BUYER EDUCATION
•Pre-purchase course is required for ALL first time home borrowers.
•Face-to-face counseling is preferred – HUD approved or a unit of local government WWW.HUD.GOV
•Online Education permitted – HUD approved, a unit of local government, a mortgage insurance provider, or an Agency or GSE sponsored course.
•Education Certificates acceptable for a period of 2 years
CO-SIGNERS
• Not permitted
