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

    80% AMI for Sumter County Residents
    1 Person Family – $15,000 – $39,950
    2 Person Family – $17,150 – $45,650
    3 Person Family – $21,330 – $51,350
    4 Person Family – $25,750 – $57,050
    5 Person Family – $30,170 – $61,650

    80% AMI for Lake County Residents
    1 Person Family – $14,600 – $38,850
    2 Person Family – $16,910 – $44,400
    3 Person Family – $21,330 – $49,950
    4 Person Family – $25,750 – $55,500
    5 Person Family – $30,170 – $59,950

Unfortunately, we aren’t accepting applications at this time.  We encourage you to check back soon.