Pinellas County HFA Bond Program
If you’ve ever dreamed of owning your own home but felt that buying a home was a little beyond your reach, the Pinellas County Housing Finance Authority may make your dream easier to achieve with their ownership program. This program offers a 30-year fixed rate mortgage and a second mortgage available for down payment and closing cost assistance.
The first mortgage program is available in Pinellas, Pasco, and Polk Counties. The second mortgage is also available in Pinellas, Pasco, and Polk Counties.
To qualify for a Pinellas County HFA Bond Program loan you must meet the program the program requirements listed below.
Any of the following listed below qualify as a first-time buyer:
*A person who has not owned and occupied their principal residence in the last 3 years.
*A person who has never owned their principal residence.
*A qualified military veteran.
*A person purchasing a home in a Targeted Area.
And you must also:
*Be credit worthy, there are minimum credit scores in this program.
*Have a signed real estate purchase agreement for a specific property.
Properties must also be able to qualify in the program. What qualifies - New or existing, detached or attached, condo and manufactured homes. Note: 2-4 unit homes are considered on a case by case basis by the compliance office. HOWEVER, 2-4 unit properties may not use HomeKey Plus second mortgage DPA.
What homes do not qualify? Mobile, recreational, seasonal or other type of vacation or non-permanent homes are not permitted in the program.
Fees in the program
Origination or discount fees are not permitted for loans in this program.
The program includes a Compliance Review Fee of $225. The fee is payable at closing and may not be financed. The program also includes a Home Key Plus Second Mortgage Application Fee of $75 that is retained by the lender.
Income Limits
There are income limits in this program. You must include the income of everyone who will reside in the property who is 18 years of age or older (even if they will not be party to the mortgage).
Pinellas & Pasco (no targeted areas in Pasco) |
1-2 persons |
3 or more persons |
Targeted/Non-Targeted Areas |
$71,280 |
$83,160 |
Polk (first & second mortgages) |
 |
|
Non-Targeted Areas |
$63,240 |
$73,780 |
Targeted Areas |
$71,280 |
$83,160 |
Purchase Price Limits
Qualified properties in the program have purchase price limits.
|
Non-Targeted Area |
Targeted Area |
Pinellas & Pasco |
$263,250 |
$321,750 |
Polk (for first & second mortgages) |
$243,945 |
$298,155 |
Participating Lenders
Listed below are the loan officers who’ve been actively participating in this bond program. This list is updated on a monthly basis.
(3-23-12)
Institution |
Name |
Phone Number |
|
Bank of America |
Barbara Hale |
727-773-8324 |
|
Bank of America |
Carol Vranek |
727-773-8341 |
|
Bank of America |
Richard Nolet |
727-773-8337 |
|
Bank of America |
Matthew Terry |
727-456-6801 |
|
Bank of America |
Deborah Taylor |
727-456-8341 |
|
DHI |
Donald Eric Whitten |
407-850-3016 |
|
DHI |
Jorge Miranda |
|
|
FBC Mortgage |
Kelly Taylor |
407-377-0306 |
|
Guaranty Bank |
Donna Slagel |
877-719-9828 |
|
Guaranty Bank |
Cindy Anderson |
|
|
HomeBanc |
Carol Chase |
813-817-2040 |
|
Iberia Bank |
Eric Sanders |
813-760-2850 |
|
Iberia Bank |
Lenna Ellerbee |
813-220-9358 |
|
Real Estate Mortgage Network |
Sue Klinowski |
941-782-2081 |
|
Real Estate Mortgage Network |
Rhonda Still |
|
|
UAMC |
Bridget Rego |
813-784-1619 |
|
UAMC |
Vivian Garcia Suarez |
813-249-7668 |
|
UAMC |
Karlene Mynahan |
|
|
UAMC |
Scott Woodbury |
|
|
Wells Fargo |
Linda Kemp |
727-343-8687 x. 115 |
|
Wells Fargo |
Laurie King |
813-503-7546 |