Home Ownership Qualification Criteria
- Must be a resident (or employed in) Lake or Sumter County for 6 months minimum
- Must be willing to partner for up to 12 months with HFHLS
- Must demonstrate a need for program
- Credit matters – target score of 640
- Must have verifiable income
- Must be at or below 80% AMI and able to qualify for a mortgage
Home Ownership Program – Maximum Income Guidelines
80% AMI for Sumter County Residents
1 Person Family: $49,100
2 Person Family: $56,100
3 Person Family: $63,100
4 Person Family: $70,100
5 Person Family: $75,700
80% AMI for Lake County Residents
1 Person Family: $54,050
2 Person Family: $61,800
3 Person Family: $69,500
4 Person Family: $77,200
5 Person Family: $83,400
*Please note that income limits change annually based on USDA guidelines of the Area Median Income calculations. Figures above last released April 2024.
Applications Opening – Friday, May 10th, 2024!
Applications will open on Friday, May 10th at 9:00am and will close on Friday, May 24th at 3:00pm