Homebuyers Resource

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Homebuyer EducationOther Downpayment ProgramsTarget AreasPreliminary Criteria

First-Time Homebuyer Program
Offering 30-year Fixed Rate Mortgage Products

4.375% Zero-Points - FHA/ VA & RD

$7,500 Downpayment Assistance


Financing Mortgage Products

OCHFA does not lend money directly to consumers. The Authority uses approved, private lenders to qualify consumers and to make all mortgage loans. The Authority purchases closed loans that meet OCHFA requirements.

4.375% Interest Rate Mtg Financing
Under the Zero-Point Mortgage Product, qualified applicants can receive UP TO a maximum of $7,500 in Down Payment Assistance. OCHFA's DPA is not a gift or a grant.

Repayment of the DPA borrowed:
The “Down-Payment Assistance" payment, is deferred for 30-years.

Borrower understands that Principal payments shall be deferred for the term until the first to occur of the following events:

(a) Borrower sells, transfers or disposes of the property or home either voluntarily or involuntarily;
  • (b) Borrower fails or ceases to occupy the home as a principal residence;
  • (c) Borrower dies;
  • (d) Borrower refinances the first mortgage loan at which time the remaining principal balance is due;
  • (e) a default occurs under the First Mortgage or any prior mortgage; or
  • (f) this Note matures.
30-Year, Fixed Interest Rate
100% Financing
Down-Payment Assistance
1% Origination Fee
    No Discount Points
    No Documentary Stamp Fee
No Intangible Tax
FHA/ VA/ FNMA/ Rural Housing Dev.
In order to qualify for OCHFA home financing, consumers must meet eligibility requirements. Qualifying a homebuyer and home is determined by income, contracted home purchase price, credit score, location of the home, type of structure, homeownership status; and the ability to obtain the legal right to permanently reside in the United States.


According to household size, qualifying consumers combined total household income CAN NOT EXCEED the required limits below:


The maximum contracted home purchase price (contract sales price) CAN NOT EXCEED limits below and may be subject to the applicable FHA/ VA limits.

Non-Targeted Areas Targeted Areas   Non-Targeted Targeted Areas
1-2 Person(s)
$ 63,460
1-2 Person(s)
$ 69,960
  $ 262,316 $ 320,609
3 or more Persons
$ 72,979
3 or more Persons
$ 81,620

Consumer/ Borrower must have a mid FICO Credit Score greater than 640. As of December 1, 2015 the credit score criteria will be 660 or greater.

Consumers have the right to get a copy of their credit report and a list of everyone who has accessed it.

Consumers are also entitled to a free copy once every 12-months. AnnualCreditReport.com is the ONLY authorized source to get your free annual credit report (not the score) under federal law.

Consumers are also entitled to a free copy once every 12-months. Circumstances include: unemployment, welfare, fraud, or if you've been denied credit because of something in your report.


Qualifying consumers must be a first-time homebuyer, which is defined as a person(s) who has not had an ownership interest in a primary residence (whether individually or jointly) during the previous three years; and plan to occupy the home as their primary residence.

NOTE: "First-Time Homebuyer" requirement is waived if property is located in a federally designated "Targeted Area" - see Census Tract Maps below.


Any "new or existing" residential - Single-Family (1-4) unit dwellings; Townhomes; and Condominiums are eligible. A qualifying home may be purchased in either Orange, Lake, Osceola or Seminole County.

Mobile and Manufactured homes are INELIGIBLE.


Only OCHFA approved local lenders and loan officers are eligible to originate and qualify homebuyers for the Authority's mortgage products.

  • DHI Mortgage
  • Embrace Home Loans
  • FBC Mortgage
  • Hamilton Funding Group
  • Home Community Mtg
  • Universal American Mtg

    Federal Tax Return: Consumer must provide lender with their prior 3-years federal tax returns.

    Copies of tax returns can be obtained through the U.S. Internal Revenue Serivce.


    Consumers planning on using OCHFA Financing Products, must attend an approved Homebuyer Education Course.

    Courses are offered Online or Classroom setting (in-person/ face-to-face).


    Other Down Payment Assistance Programs

    Downpayment assistance (second mortgage) may be available from county or local governments.

    Orange County Lake County Osceola County Seminole County City of Orlando


    Target Areas
    Areas designated by the Federal Government

    Target Areas are neighborhoods that have historically been underserved in mortgage loan originations; and where more Homeownership is desired. There are no Target Areas designated in Lake and Osceola Counties.

    Buyers income limits and purchase price limits are higher.

    Buyers do not need to qualify as first-time Homebuyers.

    Buyers must occupy the home as a primary residence.

    Below are the census tract numbers which identify targeted area within Orange, Lake, Osceola and Seminole Counties.

    Orange County
    0104.00 | 0105.00 | 0116.00 | 0117.02 | 0120.00 | 0124.01 | 0135.03 | 0145.02 | 0145.03 |0150.01 | 0165.10 |0169.07 | 0185.00 | 0187.00

    Lake County


    Seminole County

    0204.01 | 0205.00 | 0220.01

    Osceola County

    0419.00 | 0422.00 | 0432.01

    or follow link to a new page - geocoding map

    How Do I Get Started

    STEP 1:

    Contact Frantz Dutes at 407-894-0014 or fdutes@ochfa.com.

    STEP 2:

    If you are determined to meet the Preliminary Eligibility Criteria, OCHFA will refer you to an approved lender.

    STEP 3:

    Complete the Homebuyer Education Requirement.

    STEP 4:

    Once you have been determined to be eligible, an approved OCHFA lender will pre-qualify you and process the first mortgage and down payment assistance.


      • DHI Mortgage

        Embrace Home Loans

        FBC Mortgage

        Hamilton Group Funding

        Home Community Mortgage

        Universal American Mortgage

    Only OCHFA approved local lenders and loan officers are eligible to originate and qualify homebuyers for the Authority's mortgage products.

    For detailed information regarding our approved lenders, first mortgage and down payment assistance, contact Frantz Dutes at 407-894-0014 or email: fdutes@ochfa.com.