Broward County Down Payment Assistance Program Changes
Big changes are coming to Broward County’s down payment assistance program!
MortgageGrants is dedicated to helping realtors, first-time home buyers, and low and middle-income home buyers make their real estate experience a success. It’s important to us to educate Florida residents about the opportunities that are available to them, and keep them up to date on all the latest home-buying related news.
This January, Broward county’s Down Payment Assistance program will be introducing some important changes that you need to be aware of:
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Awards are now only offered in non-entitlement cities & unincorporated Broward County
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Broward County Funds from other cities will no longer be leveraged
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All loans are now 15-year payable-on-sale loans, forgiven after 15 years of residence
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Income Categories Served are Very Low & Low for CDBG and HOME, and Moderate for SHIP
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No Grants will exceed $40,000 in value
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The sale price of eligible home purchases cannot exceed $391,154
If you are a Broward County First Time Home Buyer, we have special resources for you!
Stay up to date with all the latest Realty and Home buyer news in your area!
