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 first time homebuyers, or those that have less than perfect credit purchase their home. Borrowers (at minimum) must meet the following requirements:

Minimum Qualifying Credit Score: 580

3.5% of Purchase Price as a down payment (Gifts from family members are acceptable).

$2,000.00 for binder deposit and inspections of the property.

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

Lender will contribute up to $1,500.00 towards Buyers closing costs.

Why the HOME Program?

The Home Program was created to assist first time homebuyers, or those that have less than perfect credit purchase their home. Borrowers (at minimum) must meet the following requirements:

Minimum Qualifying Credit Score: 580

3.5% of Purchase Price as a down payment (Gifts from family members are acceptable).

$2,000.00 for binder deposit and inspections of the property.

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

Lender will contribute up to $1,500.00 towards Buyers closing costs.

What HOME Means...

Frequently Asked Questions

The HOME Program utilizes a 30-year fixed FHA 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.

The HOME Program requires all Buyers to submit a minimum $2,000.00 upon approval for the HOME Program. $1,000.00 will be used as a binder deposit once you’ve received an accepted purchase contract on the home you select. The remaining $1,000.00 will go towards the pre-purchase inspections for your home which include: Home Inspection, WDO (Wood-Destroying Organism / Termite) Inspection, and Appraisal Inspection. These funds are required upon starting the process.

When purchasing through the HOME Program, a Down Payment of 3.5% of the Purchase Price is required at closing. Example: If the home you purchase is $250,000.00, your Down Payment would be $8,750.00 ($250,000 x .035). This Down Payment would be paid at closing when you sign your closing documents and get the key to your new home.

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

The entire purchase process from start to finish can vary based on each individual.  The typical purchase, however, usually takes between 45-60 days from the time you we get a home under contract.

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.

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