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