Income (at or below)
All members of the Household must be included. The Total Household Income cannot exceed 120% of the Area Median
Income. The following are the household size income limits for Hillsborough County effective 03/06/2015.
Income limits per household count using 120% AMI
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
| $49,575 |
$56,700 |
$63,750 |
$70,800 |
$76,500 |
$82,200 |
$87,825 |
$93,525 |
Purchase Price
Properties will be sold at either sales price or appraised value, whichever is less.
Credit
Fair to Good credit and all collections, liens and judgments must be paid off with a six month history of on-time payments thereafter.
However, compensating factors such as a good rental history, long time on the job, savings, low loan-to-value etc. may help.
Down Payment (out of pocket)
City of Tampa
- 1% of the purchase price and up to 2% if under the 25% minimum housing ratio (See HBA below)
Hillsborough County
- $500-50% AMI or below; $1,000 – 80% AMI or below and lesser of $2,000 or 2% of Purchase Price-120% AMI or below.