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
  • 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 – $14,250 – $38,800
2 Person Family – $17,240 – $43,400
3 Person Family – $21,720 – $48,850
4 Person Family – $26,200 – $54,250
5 Person Family – $30,680 – $58,600
80% AMI for Lake County Residents
1 Person Family – $15,300 – $40,750
2 Person Family – $17,450 – $46,550
3 Person Family – $21,720 – $52,350
4 Person Family – $26,200 – $58,150
5 Person Family – $30,680 – $62,850

 

*Please note that income limits change annually based on USDA guidelines of the Area Median Income calculations. Figures above last released April 2020.


Leesburg

Leesburg Harbor House

936 sqft
2 bed/1 bath

Begin Qualification Screening