Lee County Housing Finance Authority FirstPlus Program

Administered by: Lee County Housing Finance Authority · County · Deferred Loan

Funding status: Active

How much assistance

Up to $10,000 (Deferred Loan)

Zero-interest, 30-year deferred second mortgage. No monthly payments. Due upon sale, refinancing, transfer of title, or rental of the home within the 30-year term.

Eligibility

Income limits: Must fall within program maximum income limits for Lee County
First-time buyer required: Yes — Borrower and spouse must not have owned a home in the previous 3 years.
Credit score minimum: 640
Geographic restrictions: Must purchase a home in Lee County, Florida.
Homebuyer education required: Yes

How to Apply for Lee County Housing Finance Authority FirstPlus Program

Step 1: Apply through a participating lender approved by the Lee County Housing Finance Authority. Visit hfaleeco.org for the list of approved lenders. Must meet FHA, VA, or USDA-RD underwriting requirements. DTI cannot exceed 45%. Complete a homebuyer education course.

Visit program website

Notes

Continuously funded program on a first-come, first-served basis. Works in conjunction with the HFA Market Rate first mortgage program.