Income Based


Max. Purchase Price

Min. Credit Score

Closing Days

Homebuyer classes

Loan forgiveness

Monthly Repayment

Max. Debt Ratio

Your Contribution


Income Based: No

Area: All Florida

Max. Purchase Price: $420,680

Min Credit Score: 620

Closing Days: 30

Homebuyer classes: 2 Hours – Online
(English – Spanish)

Loan forgiveness: After 3 Years

Monthly Repayment: No

Max. Debt Ratio: 43%/47%

Your Contribution: $2,500
5% Seller Concessions Required

Saint Petersburg

Income Based: Yes

Area: Saint Petersburg

Max. Purchase Price: $349,525

Min. Credit Score: 620

Closing Days: 60

Homebuyer classes: 8 Hours – In person

Loan forgiveness: After 10 Years

Monthly Repayment: Yes

Max. Debt Ratio: 36%/43%

Your Contribution: Up To $3,500


Income Based: Yes

Area: Tampa

Max. Purchase Price: $300,000

Min. Vredit Score: 670

Closing Days: 60

Homebuyer classes: 8 Hours – In person

Loan forgiveness: After 10 Years

Monthly Repayment: No

Max. Debt Ratio: 36%/43%

Your Contribution: $2,000


required documents

-Min Medium Credit Score 620+
-No judgement or lawsuit or middle of divorce
-2 years employment W2 (no gaps)
  (if Self Employed 2 yrs tax returns)
-No DISPUTES in your credit report
-No Bankruptcy in the past 2 years, No Foreclosures or Short sales in the past 3 years
-No Late Payments on your rental (copy of past 12 checks)
-No NSF in bank account (past 2 months)


To be eligible for Purchase Assistance, a homebuyer’s total annual household income, as defined by the U. S. Department of Housing and Urban Development (HUD), cannot exceed the maximum annual income limit as adjusted for the number of occupants, related or not, residing within the residence.

Annual income is calculated by adding all sources of income from all household members over the age of 18 currently living in the home or will occupy the home within one year. Income includes salaries, child support, alimony, social security, pensions, public assistance, income-producing assets or income from any other source.

Saint Petersburg:
This program is also known as WIN PROGRAM
80% AMI can purchase anywhere in the city of Saint Petersburg.
Anything over 80% AMI can purchase only on in one area in St Pete South.

Funding for households with income between 81% and 140% of the Area Median Income (AMI) may be limited. Funds within the 140% category are limited and available on a first-come-first-served basis.

This program is also know as DARE TO OWN THE DREAM

Up to $40,000.00 toward the purchase of the home:

0-50% AMI                       $40,000.00
50.01%-80% AMI         $30,000.00
80.01%-120% AMI      $20,000.00
120.01%-140% AMI     $15,000.00

MUST NOT be under contract before receiving a reservation number.

Real Estate Agent and Loan Officer MUST be on the list as an approved vendor, in order to receive any commissions.

Flyer - Tampa



For a loan approval you need a minimum middle credit score of 620.

If you need help fixing your credit and raising your score, we recommend UQUAL.

Mathew Welch
[email protected]
(720) 649-8327


Before searching for homes the first step is to apply. Then your real estate agent will be able to search for a home based on the loan amount you get pre-approved.