Option 1

First-Mortgage Programs

Housing Finance Authority of Hillsborough County
Home Sweet Home Hillsborough Program

ELIGIBLE AREAS – Hillsborough County


  1. Buyers and their spouses (occupant and non-occupant) must be first-time buyers and must be able to permanently reside in the US.
  2. Buyers must live in the property they purchase as their principal residence.
  3. All applicants must be considered irrespective of age, race, color, religion, national origin, sex, marital status, military status or physical handicap.
  4. Buyers must occupy the property purchased within 60 days of closing.
  5. Buyers must live in the property as their principal residence and the property may never be rented.
    * See loan officer for additional information

DOWN PAYMENT ASSISTANCE – 30 Year Deferred, 0.00% second mortgage, up to $15,000. Must be used for down payment and closing cost. The second mortgage is never forgiven and must be repaid when the first mortgage is refinanced, sale, short-sale, foreclosure or if the borrower ceases to live in the property.

INCOME LIMIT CRITERIA – Household income is considered for ALL Borrower(s), spouses and anyone 18 years or older.
1 person household $58,660
2 or more person household $67,060

MAXIMUM SALES PRICE LIMIT – This price must include everything paid by the buyer or on the buyer’s behalf.

HOMEBUYER EDUCATION – First-Time Homebuyers must complete a Program-approved pre-purchase homebuyer education course. Please speak with a participating lender for details.

ELIGIBLE PROPERTY – New or existing, one to four units, detached or attached, condos, townhomes.

CREDIT SCORE – FICO mid score must be 640 or higher.

DTI – The maximum debt-to-income (DTI) ratio is 45%.

CO-SIGNERS – Cosigners are permitted for FHA loans as per FHA Guidelines. Cannot take any ownership interest in the property.