Home Ownership Qualification Criteria
- Must be a resident (or employed in) Lake or Sumter County for 1 year minimum
- Must not have any felony convictions (or pending charges) and must not be a sexual offender
- 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
Income Guidelines
80% AMI for Sumter County Residents
1 Person Family: $15,850 – $42,200
2 Person Family: $18,310- $48,200
3 Person Family: $23,030 – $54,250
4 Person Family: $27,750 – $60,250
5 Person Family: $32,470 – $65,100
80% AMI for Lake County Residents
1 Person Family: $17,400 – $46,450
2 Person Family: $19,900 – $53,050
3 Person Family: $23,030 – $59,700
4 Person Family: $27,750 – $66,300
5 Person Family: $32,470 – $71,650
*Please note that income limits change annually based on USDA guidelines of the Area Median Income calculations. Figures above last released April 2022.
*floor plans and elevations may change
*please note which city you are interested in
*please note which city you are interested in
*please note which city you are interested in
*please note which city you are interested in