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 and/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.

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 dwelling; Townhome; Condominium; PUD (planned unit development) or Manufactured Home is eligible. A qualifying home may be purchased in either Orange, Lake, Osceola or Seminole County.

Mobile-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
  • M/I Financial
  • Movement Mortgage
  • Universal American Mtg
    For approved lender contact information, call Frantz Dutes - 407-894-0014 or email:fudtes@ochfa.com


    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

    Neighborhood Stabilization Program


    State Housing Initiative Program
    The Neighborhood Stabilization Program (NSP) was created by the Housing and Economic Recovery Act of 2008 to respond to rising residential foreclosures and property abandonment. The main purpose of the NSP is to stabilize neighborhoods negatively impacted by foreclosures. Orange County will use NSP funds to acquire, renovate, and sell foreclosed homes at affordable prices to eligible families. State Housing Initiative Program (S.H.I.P) downpayment assistance (second mortgage) may be available from county or local governments, and are expected to refer borrowers, that may be eligilbe for such assistance, to the appropriate county jurisdication. Such programs are generally funded with the State of Florida's State Housing Initiative Program (S.H.I.P) funds.
    City of Orlando NSP Osceola County NSP Orange County Osceola County
    Orange County NSP Seminole County NSP Lake County City of Orlando
    Lake County NSP   Seminole County

    Both the NSP & SHIP Programs are available to first-time homebuyers; and may possibly be combined with "OCHFA's Downpayment Assistance" product. Please visit each Counties program website for more details.
    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


      • DHI Mortgage

        Embrace Home Loans

        FBC Mortgage

        Hamilton Group Funding

        Home Community Mortgage

        M/I Financial 

        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 lender information contact Frantz Dutes at 407-894-0014 or email: fdutes@ochfa.com.


    • A wide selection of newly built homes are available throughout Central Florida.

      Ryland Mortgage, Pulte Mortgage and M/I Financial are approved OCHFA Lenders, qualifyng First-Time Homebuyers for OCHFA's current 4.375%Financing Products.


    • For more information about newly built homes, contact Frantz Dutes at OCHFA 407-894-0014.