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: $14,150 – $37,700
2 Person Family: $17,420 – $43,100
3 Person Family: $21,960 – $48,500
4 Person Family: $26,500 – $53,850
5 Person Family: $31,040 – $58,200
80% AMI for Lake County Residents
1 Person Family: $16,050 – $42,750
2 Person Family: $18,350 – $48,850
3 Person Family: $21,960 – $54,950
4 Person Family: $26,500 – $61,050
5 Person Family: $31,040 – $65,950
*Please note that income limits change annually based on USDA guidelines of the Area Median Income calculations. Figures above last released April 2021.
Applications Open!
We are accepting applications for a 4 bedroom, 2 bath home in Fruitland Park (see floor plan below). If you feel you meet the program criteria above please submit a pre-screen questionnaire by hitting the blue button above.
