Home Ownership Program
First Mortgage Loan Program
If you have ever dreamed about home ownership but felt that buying a home was a little beyond your reach, the Brevard County Housing Finance Authority (the Authority) may make your dream easier to attain with the Home Ownership Program. The Authority currently offers a 30 year, fixed rate mortgage (actual APR to be disclosed by the lender) with down payment and closing cost assistance in the amount of up to $15,000 in the form of a 0% second mortgage. In addition, the borrower may receive a mortgage certificate of up to $2,000 per year for the life of the loan.
How does the program work?
The program offers a borrower a 30-year, fixed rate, fully amortizing first mortgage loan. There is a 1.0% origination fee.
Down Payment and Closing Cost Assistance
Assistance is available in the form of a second mortgage of up to $15,000. The second mortgage is a 30-year deferred, 0% loan that may be used for down payment and/or closing costs. It is never forgiven and it is repayable at 30 years or sooner if the property ceases to be the borrower’s principal residence, is sold, refinanced or rented.
Mortgage Credit Certificate (MCC)
The Authority will issue an MCC to qualified borrowers which gives the borrower the ability to deduct 50% of their annual mortgage interest up to $2,000 as a tax credit while the other 50% remains a deduction. This tax credit is available for as long as the borrower owns the home and the first mortgage is outstanding
Click to learn more about Mortgage Credit Certificate (MCC)
What kind of home may I purchase?
You may purchase a new or existing single family home (attached or detached) a condo, town home or PUD anywhere in Brevard County, Florida.
Who qualifies?
- Buyers must be first-time home buyers (have not had an ownership interest in their primary residence for the past three years). This requirement is waived for qualified military veterans
- Buyer must have a minimum FICO score of 640, and meet other standard credit requirements.
- Non-Target Area: There are household income limits:
- 1-2 Person Household Income Limit = $82,300
- 3 or More Person Household Income Limits = $94,645
- Target Area:
- 1-2 Person Household Income Limit = $98,760
- 3 or More Person Household Income Limits = $115,220
- The purchase price of the home may not exceed $349,526 in a non-target area or $427,198 in a target area
What are the steps in the process?
Bran?a kasyn online w Polsce rozwija si? dynamicznie i istnieje wiele ró?nych witryn do wyboru. Witryny te oferuj? gry najwy?szej jako?ci, niesamowite bonusy i kompatybilno?? z urz?dzeniami mobilnymi. Oferuj? równie? obs?ug? klienta, która jest zawsze gotowa do pomocy. Wybór odpowiedniej witryny kasyna ma kluczowe znaczenie, dlatego wa?ne jest, aby przeprowadzi? badania i wybra? tak?, która ma wszystko, czego potrzebujesz do wspania?ego hazardu.
Niektóre z najpopularniejszych gier kasynowych dost?pnych w polskich kasynach online to Ruletka, Blackjack i Texas Hold em Poker. Te gry wymagaj? umiej?tno?ci i strategii, a gracze mog? zwi?kszy? swoje szanse na wygran?, poznaj?c podstawowe zasady. Mog? równie? skorzysta? z trybu demonstracyjnego, aby po?wiczy? przed rozpocz?ciem gry na prawdziwe pieni?dze.
Korzystanie z kasyno ktore wyplaca online w Polsce jest bezpieczne, ale jest kilka rzeczy, o których powiniene? wiedzie? przed dokonaniem wp?aty. Po pierwsze, koniecznie sprawd?, czy kasyno akceptuje preferowan? przez Ciebie metod? p?atno?ci. Najlepiej by?oby skorzysta? z konta bankowego przyjaznego dla z?otych, które obs?uguje szybkie wyp?aty. Powiniene? równie? upewni? si?, ?e kasyno, w którym chcesz gra?, posiada licencj?. To wa?ny krok, poniewa? pokazuje, ?e witryna jest legalna i przestrzega surowych przepisów.
Kolejn? rzecz? do rozwa?enia jest bezpiecze?stwo twoich informacji podczas dokonywania wp?aty. Wiele najlepszych polskich kasyn online ma wysokie standardy szyfrowania, które zapewniaj? ochron? Twoich danych osobowych. Niektórzy posuwaj? si? nawet do blokowania niektórych adresów IP, o których wiadomo, ?e s? powi?zane z nielegaln? dzia?alno?ci?. W ten sposób mog? chroni? swoich klientów przed z?odziejami to?samo?ci i oszustami.
Je?li szukasz bezpiecznego kasyna online, nie szukaj dalej ni? nasze 10 najlepszych polskich kasyn online wymienionych powy?ej. Te najwy?ej oceniane witryny zosta?y sprawdzone przez naszych ekspertów i oferuj? hojne bonusy za rejestracj?, w tym darmowe spiny i kody gotówkowe bez depozytu. Najlepsze jest to, ?e wszystkie te najwy?ej oceniane kasyna s? w pe?ni licencjonowane i regulowane, aby zapewni? bezpiecze?stwo Twoich danych osobowych.
W polskich kasynach online mo?esz gra? w szerok? gam? gier, w tym gry sto?owe, takie jak ruletka i blackjack, gry karciane, takie jak poker, oraz automaty do gry. Wybór jest ogromny i istniej? limity zak?adów dostosowane do ka?dego bud?etu, a tak?e zmieniaj?ce ?ycie progresywne jackpoty. Jednak zanim zaczniesz gra? na prawdziwe pieni?dze, wa?ne jest, aby zna? swoje ograniczenia i mie? na uwadze ustalony bud?et.
Wi?kszo?? polskich kasyn online akceptuje g?ówne karty kredytowe i debetowe, takie jak Visa i MasterCard. Jest to wygodna opcja p?atno?ci dla polskich graczy, poniewa? korzystaj? oni ju? z tych kart w swoim codziennym ?yciu. Inne popularne opcje obejmuj? e-portfele, takie jak Neteller, Skrill i Trustly, oraz karty przedp?acone, takie jak DotPay i Paysafecard. Niektóre polskie kasyna online oferuj? równie? kryptowaluty, za pomoc? których mo?na dokonywa? natychmiastowych p?atno?ci. Staj? si? one coraz bardziej popularne, poniewa? oferuj? wysoki poziom prywatno?ci, zapewniaj?c jednocze?nie natychmiastow? i bezpieczn? transakcj?.
Contact a participating lender (below) so they may pre-qualify you for a loan. The lender will determine your eligibility for a loan and notify you. You will also be required to provide the lender with other information necessary. The funds are available on a first-come first-served basis.
What is Recapture Tax?
The benefits provided by this loan are considered a federal subsidy of your mortgage loan. Federal law requires a recapture of some of the benefit if all three of the following are true: 1. The property ceases to be your primary residence during the first full 9 years of ownership; 2. You make a net profit on the sale of the home; 3. Your household income exceeds the allowable income at the time of the sale. Your tax preparer can assist you with determining if you owe recapture tax.
Target Areas:
If a borrower purchases a home in a target area, the borrower’s income may be higher, the purchase price limit may be higher and the first time homebuyer requirement is waived. There are four federally designated target areas in Brevard County. They are census tracts 607, 623.01, 626 and 649.02. Census tract 607 is located in Titusville. It is an irregularly shaped tract that is bordered on the west by Norwood Avenue, Park Avenue, Barna Avenue and Elizabeth Avenue, on the south by Whispering Hills Road, Day Street and Sycamore Street, on the east by the Florida East Coast Railroad and S. Deleon Avenue and on the north by North Washington Avenue. Census tract 623.01 is located in Cocoa. It is an irregularly shaped tract that is bordered on the north by Dixon Blvd., on west by Clearlake Road, on the south by School Street and on the east by the Florida East Coast Railroad. Census tract 626 is located in Cocoa. It is and irregularly shaped tract that is bordered on the north by School Street, on the west by Clearlake Road, on the south by Rosa L. Jones Boulevard, and on the east by the Florida East Coast Railroad. Census tract 649.02 is located in Melbourne. It is and irregularly shaped tract that is bordered on the north by New Haven Avenue, on the west by Babcock Street, on the south by University Boulevard, and on the east by the Indian River.