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
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
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
936 sqft
2 bed/1 bath