Home Ownership
Home Ownership Programs
FirstPlus Program
Lee County Housing Finance Authority provides first-time homebuyers down payment and closing cost assistance through the FirstPlus Second DPA program. Program funds are first-come, first serve and are continuously funded. Please see the details below to learn more. Program Summary: Down Payment Assistance in the form of a 2nd mortgage, maximum amount of $10,000, bearing interest at a rate of 0%, 30 year, deferred (or due upon sale, refinancing, transfer of title, or rental of the home if done within first 30 years). Competitive 30-year...
read moreMarket Rate Program
Lee County Housing Finance Authority provides First-time homebuyers and Non-First-time homebuyers down payment and closing cost assistance through the Market Rate TBA program. Program funds are first-come, first serve and are continuously funded. Program Summary: Down Payment Assistance in the form of a non-repayable grant, 3% or 5% of the note amount Competitive 30-year fixed mortgage rate No asset limits for homebuyers Eligible Loan Types: FHA, VA, USDA-RD Home must serve as the primary residence Borrower(s) must occupy property within 60...
read moreMortgage Credit Certificate (MCC) Program
Description The Lee County Housing Finance Authority’s Mortgage Credit Certificate Program is a federal income tax credit designed to assist families and individuals to become homeowners With an MCC, a qualified homebuyer is eligible to write off a portion of the annual interest paid on the mortgage as a special tax credit, not to exceed $2,000 per year An MCC is a true “tax credit” that entitles taxpayers to subtract the amount of the credit from their total federal income tax liability each year Because the MCC reduces your federal income...
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