Orange County Homebuyer Down Payment Assistance

Orange County Homebuyer Down Payment Assistance is a forgivable loan for homebuyers in Orange County, Florida. Orange County provides income-tiered DPA: up to $70,000 (Very Low ≤50% AMI), $40,000 (Low ≤80% AMI), $10,000 (Moderate ≤120% AMI). Forgivable 0% 10-year second mortgage. Max purchase price $345,000. Funding comes from Local.

Orange County Homebuyer Down Payment 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 10 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.

Orange County Homebuyer Down Payment 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. The program lists a minimum credit score of 620. A homebuyer education course is required. Citizenship or immigration status: U.S. Citizen or Permanent Resident.

Orange County Homebuyer Down Payment Assistance limits household income to 120% of the area median income, which varies by county and household size. Very Low ≤50% AMI: $70,000; Low ≤80% AMI: $40,000; Moderate ≤120% AMI: $10,000. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Orange County Homebuyer Down Payment Assistance caps the purchase price at $345,000. Eligible property types include Single Family, Condo, and Townhouse.

Orange County Homebuyer Down Payment Assistance serves homebuyers purchasing in Orange County, Florida.

Applications for Orange County Homebuyer Down Payment 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.