First Time home buyer assistance programs

Speakers: Dania perez – bright community Trust hud Agency Review of First time Home buyer education Jeannette Hackett – Caliber Home Loans Mortgage credit certificate Jay Wazelle – The Beach Bum Realtor Realtor care foundation Karmen Lemberg – Pinellas county Housing finance louie imbody – centennial bank Flo Harding – Pinellas county carrie Vitale – tampa bay cdc linda kemp- Raymond James Bank Sharon Smith – Regions bank

HUD Approved Housing Counseling Agency Homeownership Education Classes Individualized action plans on how to become mortgage ready Foreclosure Prevention Community land lease program Fee simple properties Rental Properties 2561 Nursey Road, unit D, Clearwater, FL www.thebrightway.org (727) 475.1365

2561 Nursey Road, unit D Clearwater, FL Homeownership Education Class Are you ready to buy a home? Managing your money Understanding your credit Obtaining a mortgage loan Possible down payment assistance programs Shopping for a home Protecting your investment 2561 Nursey Road, unit D Clearwater, FL www.thebrightway.org (727) 475.1365

2561 Nursey Road, unit D Clearwater, FL Bright’s Community Land Trust Program Provides move in ready and affordable homes for buyers at and under the 120% median family income limits. With benefits and responsibility of traditional homeownership. 2561 Nursey Road, unit D Clearwater, FL www.thebrightway.org (727) 475.1365

Housing Finance Authority of Pinellas County Counties covered: Pinellas, Pasco, and Polk Income restrictions: 1-2 Family Members <$79,800 3+ Family Members <$82,600 First Mortgage: Government 5.125%, requires 660 FICO 97% Conventional 5.375%, requires 640 FICO Home Buyer Education Class required from HUD certified housing counseling agency (see website for specifics) Housing Finance Authority of Pinellas County

Housing finance authority of Pinellas county Down payment and closing cost assistance is a deferred, non- amortizing 0% interest, second mortgage that is repayable when borrows sell or refinance the property, satisfy the first mortgage, rent or no longer occupy the property as a primary residence. Assistance Amount Pinellas County: $7,500 Assistance Amount Pasco and Polk Counties: $5,000 Please visit: http://www.pinellascounty.org/hfa/pdf/first_mortgage.pdf For current information Housing finance authority of Pinellas county

When looking at the income limits remember these are always Subject to change. It is always important to check with your lending partner for updates. Also limits are different between programs and they can be confusing. The Preferred Plus Grant programs have a higher income limit than the others. The program names are on the top of pages. This is for a better understanding of how many families can be assisted. Also Conventional Preferred and Preferred Plus only use application qualifying income and not family household income like the other programs.

I would like to thank you all for attending today. There was allot of information shared. Together we hope to assist more families with obtaining their dreams of Home Ownership. Best Regards from all of us to all of you. Jeannette