City of Coral Springs Purchase Assistance Program

City of Coral Springs Purchase Assistance Program is a forgivable loan for homebuyers in Coral Springs, Florida. City of Coral Springs provides up to $80,000 in forgivable 0% interest loan assistance for eligible first-time homebuyers purchasing within city limits. Funding comes from Local.

City of Coral Springs Purchase Assistance Program is forgiven after 15 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, Refinance, and No longer primary within 15 years. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Coral Springs Purchase Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required.

City of Coral Springs Purchase Assistance Program limits household income to 120% of the area median income, which varies by county and household size. Income up to 120% AMI for Broward County. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Coral Springs Purchase Assistance Program can be used for Single Family, Condo, and Townhouse.

City of Coral Springs Purchase Assistance Program serves homebuyers purchasing in Coral Springs, Florida.

Applications for City of Coral Springs Purchase Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.