“Dare your can purchase the fantasy” (DARE)
Housing and Community Development Division“Dare to possess the Dream” Homeownership Program
The town of Tampa provides down payment help loans to earnings home that is eligible of home in the City limitations of Tampa. The mortgage is in 2nd place behind main funding from home financing loan provider and it is typically referred to as a “silent 2nd” due to the 0% price and $0 payment per month. The Deferred Payment Loan (DPL) will end up due and payable as soon as the mortgage that is primary pleased or ownership is transported, whichever comes first. This program provides up to $30,000.00 to help income eligible time that is first to ultimately achieve the desire homeownership. Here you will find the basic shows of this City-Wide “Dare to possess the Dream” Homeownership Program:
· buyer that is potential start procedure with among the six approved Housing guidance agencies and should not be under agreement before finding a booking quantity. The guidance agency will offer training, assist your client with application conclusion and collect the documentation that is requiredSee list of approved agencies below). · $30,000.00 maximum honor toward deposit & closing expenses: $30,000.00 to qualified purchasers whoever home earnings is 80% AMI or below; $15,000.00 to qualified purchasers whoever home income is above 80% up to 140% AMI.