City of Lauderhill Purchase Assistance

City of Lauderhill Purchase Assistance is a forgivable loan for homebuyers in Lauderhill, Florida. City of Lauderhill provides $40,000-$75,000 in deferred 0% interest assistance (income-tiered) for first-time homebuyers. Forgivable if residency requirements met. Funding comes from Local.

City of Lauderhill Purchase Assistance is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, Refinance, and No longer primary within compliance period. 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 Lauderhill Purchase Assistance 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 Lauderhill Purchase Assistance limits household income to 120% of the area median income, which varies by county and household size. Income up to 120% AMI. Higher amounts for lower income tiers. 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 Lauderhill Purchase Assistance can be used for Single Family, Condo, and Townhouse.

City of Lauderhill Purchase Assistance serves homebuyers purchasing in Lauderhill, Florida.

Applications for City of Lauderhill Purchase Assistance 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.