Home Ownership Qualifications

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
  • Must be at or below 80% AMI
  • Must fall between income limits below:
    Lake County Residents
    1 Person Family – $13,450 – $35,800
    2 Person Family – $16,460 – $40,900
    3 Person Family – $20,780 – $46,000
    4 Person Family – $25,100 – $51,100
    5 Person Family – $29,420 – $55,200
    Sumter County Residents
    1 Person Family – $14,050 – $37,450
    2 Person Family – $16,460 – $42,800
    3 Person Family – $20,780 -$48,150
    4 Person Family – $25,100 – $53,450
    5 Person Family – $29,420 – $57,750
  • Credit matters – target score of 640
  • Must have verifiable income
  • Must be able to qualify for a mortgage

We are currently seeking homeowners for the following homes in our service area:

2 Bed/1 Bath Home – 6702 Winkles St., Coleman FL (Cottage Size Home approx. 700 sqft) – Construction begins January

2 Bed/1 Bath Home – 6706 Winkles St., Coleman FL (Cottage Size Home approx. 700 sqft) – Construction begins January

2 Bed/1 Bath Home – 6710 Winkles St., Coleman FL (Cottage Size Home approx. 700 sqft) – Construction begins January

2 Bed/1 Bath Home – 6714 Winkles St., Coleman, FL (Cottage Size Home approx. 700 sqft) – Construction begins January
View sample cottage homes below:

3 Bed/2 Bath Home – Eustis, FL – Construction begins January

3 Bed/2 Bath Home – Eustis or Mount Dora, FL – Construction begins May

 

If you feel as though you meet the above criteria please fill out the screener below and our qualifications department will review your request and reach back out to you as soon as possible to discuss your suitability for the program.

Begin Qualification Screening