Did you know that Broward County has home purchase financial assistance programs that can help families and first-time buyers with down payments and closing costs?

Through the Homebuyer Purchase Assistance Program (HPA), the county offers up to $80,000 per property, and in some cities the available funds are even higher.

 

Cities with currently active funds

According to official program information, not all cities have funds available at this time, but three stand out with significant opportunities:

• Hollywood: Up to $50,000 in attendance (income allowed up to 120% of AMI)

• Sunrise: Limited funds available (income up to 80% of AMI)

• Weston: Up to $120,000 in assistance (income up to 80% of AMI) 

Important: Funds are allocated on a first-come, first-served basis, to qualifying buyers and while supplies last.

 

Who can qualify?

The program is designed primarily for first-time buyers and establishes several key requirements:

• Not having owned a residential property in the last 3 years

• Use the property as your primary residence

• Qualify for and obtain a 30-year mortgage with a county-approved lender

• Comply with income limits based on household size

For example, the maximum annual income allowed at 80% of the AMI ranges from $64,550 for a single person to $121,750 for an 8-person household. At 120% of the AMI, the maximum income can reach $182,640 depending on household size.

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What type of property is eligible?

The properties must meet certain criteria:

• Single-family homes, townhomes, villas, condominiums, or manufactured homes with title deeds

• Maximum selling price: $636,806 (some cities may allow a higher amount)

• Mobile homes and cooperatives are not allowed 

 

What can the assistance be used for?

The program funds can be used for:

• Down payment

• Closing costs

• Reduction of the main

• Buying points to lower the interest rate

 

What is the first step?

1. Confirm that funds are available in your city

2. Verify that your income meets the limits

3. Obtain a mortgage pre-approval

4. Complete a HUD-approved shopper education course

5. Work with a participating lender that sets aside funds with the county 

Buying a home in Broward County is possible, even in a competitive market, if you know about and take advantage of the available programs. Cities like Hollywood, Sunrise, and Weston represent a great opportunity for those who qualify and act early.

Visit Broward.org/housing for more information about the program.

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Sincerely,

Your real estate agent,

Djinji Crocker