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 – $61,65080% 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
Lake Panasoffkee – 2/1
Lake Panasoffkee – 2/1