Home Ownership Made Easier (HOME)

Smart mortgages help build strong neighborhoods and communities. That’s why we’re committed to investing in communities and helping more people achieve the dream of homeownership through the Home Ownership Made Easier (HOME) Program.

How the Process Works

Answer A Few Questions

Tell us a little about your current financial status & the home you want to buy.

Submit Application for PreQualification

Our application is quick & painless and will help identify how much home you can purchase.

Search For & Purchase Your Home

A realtor will call you to begin the process of identifying your new home.

Why the HOME Program?

The Home Program was created to assist borrowers who may not have enough funds saved, or those that have less than perfect credit purchase their home. Borrowers (at minimum) must meet the following requirements:

Borrower to contribute $500.00 in the purchase transaction.

Minimum Qualifying Credit Score: 620

100% financing if Borrower Income less than $51,000/year.

97% financing if Borrower Income over $51,000/year.

Eligible properties include Single Family Detached, Attached PUD and Fannie Mae Condominiums.

Maximum Loan-to-Value: Single Family Detached Properties: 100% Financing, Attached PUD and Fannie Mae Condominiums: 97% Financing.

Lender will contribute up to $4,500.00 towards Buyers closing costs.

Why the HOME Program?

The Home Program was created to assist borrowers who may not have enough funds saved, or those that have less than perfect credit purchase their home. Borrowers (at minimum) must meet the following requirements:

Borrower to contribute $500.00 in the purchase transaction.

Minimum Qualifying Credit Score: 620

Borrower Income cannot exceed $51,000/year.

Eligible properties include Single Family Detached, Attached PUD and Fannie Mae Condominiums.

Maximum Loan-to-Value: Single Family Detached Properties: 100% Financing, Attached PUD and Fannie Mae Condominiums: 97% Financing.

Lender will contribute up to $4,500.00 towards Buyers closing costs.

What HOME Means...

Frequently Asked Questions

The HOME Program utilizes a 30-year fixed Conventional home loan for Buyers approved for the program.

Though the maximum loan amount is currently $330,050.00, each borrower will be advised how much they are qualified to purchase for on a case-by-case basis.

Yes, borrower may choose to refinance their mortgage at their leisure.  Please check with your lender to confirm the terms prior to refinancing.

The HOME Program requires all Buyers to contribute a minimum of $500.00 towards the purchase of their home. The $500 does not have to be one single payment. It can be a cumulative of several fees such as binder deposit and/or inspections.  Just as long as the minimum $500.00 requirement is satisfied.

The entire purchase process from start to finish can vary based on each individual.  The typical purchase, however, usually takes between 45-60 days.

Let Us Help You Begin the HOME Process Today...

FEATURED IN

Let Us Help You Begin the HOME Process Today...

FEATURED IN

Preferred Participating lenders are local loan experts that work with Amalya Realty Group and receive consumer contact information, like yours. The lender that receives your loan inquiry is based on your location. For more information on our advertising practices, see our Terms of Use & Privacy. Amalya Realty Group is a Florida licensed real estate brokerage. Feel free to Contact Us with any questions.