Pasco County Offers More Homebuyer Assistance
TLDR SECTION:
Pasco County Community Development is offering an upgraded Down Payment Assistance Program for eligible homebuyers. The maximum amount the buyer can qualify to borrow increases from $25K to $50K and the home maximum sales price increases from $200K to $275K. To qualify, the buyer must live in Pasco County and earn less than 120% of the area median income. For more information, visit MyPasco.net.
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Government and public information
Down Payment Assistance Program Upgrades for Eligible Buyers
Pasco County offers more assistance to help homebuyers get a foot in the door
PASCO COUNTY, FL —- Ready to buy a home, but worried about the down payment? Pasco County Community Development is proud to announce changes to our Down Payment Assistance Program that will provide additional affordable housing options for our clients! Put your best foot forward and take advantage of this great opportunity.
Changes include:
- The maximum amount the buyer can qualify to borrow increases from $25K to $50K
- Home maximum sales price increases from $200K to $275K
You may qualify for the program if you live in Pasco County and earn less than 120% of the area median income.
For more information, call 727.834.3447 or visit mypas.co/HomeBuyers.
For more information on Pasco Community Development programs and services, visit MyPasco.net.
Related
Pasco County, Florida offers a homebuyer assistance program that provides up to $15,000 in down payment and closing cost assistance to qualified, first-time homebuyers. The program is designed to help individuals and families purchase a home in Pasco County.
According to the Pasco County Property Appraiser’s Office, the median sales price of a home in Pasco County is $233,000. The median sales price of a home in the United States is $302,200. This means that Pasco County offers much more affordable housing than the national average.
In addition, the median household income in Pasco County is $48,834, significantly lower than the national median household income of $60,293. This means that Pasco County residents have less disposable income to put towards a down payment and closing costs.
The Pasco County Homebuyer Assistance Program is designed to help bridge the gap between the cost of a home and the ability of a first-time homebuyer to purchase it. The program is available to individuals and families who meet certain criteria, including income and credit requirements. The program also offers counseling and education to help homebuyers understand the home buying process.
FREQUENTLY ASKED QUESTIONS
1. What kind of assistance does Pasco County offer to homebuyers?
Answer: Pasco County offers down payment assistance, closing cost assistance, and mortgage credit certificates to qualified homebuyers.
2. What are the eligibility requirements for Pasco County homebuyer assistance?
Answer: To be eligible, homebuyers must have an income at or below 80% of the area median income, must occupy the home as their primary residence, and must be a first-time homebuyer.
3. How can I apply for Pasco County homebuyer assistance?
Answer: Homebuyers can apply for Pasco County homebuyer assistance by contacting a participating lender or the Pasco County Housing and Community Development Division.
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