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(407) 900-7902
Submit
  • Home
  • Properties
  • Buyers
    • Buyers Ultimate Guide
    • Critical Role of the REALTOR®
    • Get Pre-Approved
    • Down Payment
      • Down Payment Assistance
      • Down Payment Resource
    • Buyers Worksheet
    • Schedule a Free Consultation
    • Movinghub
    • FAQs
  • Sellers
    • EXPRESS OFFERS
    • Sellers Ultimate Guide
    • Critical Role of the REALTOR®
    • What is My Home Worth?
    • Schedule a Free Consultation
    • Movinghub
  • Renters
    • For Rent
    • Lease with a Right to Purchase Program
      • About the Program
      • How it Works
      • Benefits to Residents
      • Resident Pre-Qualification
      • FAQs
      • Company Overview
    • Movinghub
  • Investors
    • Join Investors List
    • Investment Condos
      • Philippine Investment Condos
    • Vacation Homes
      • The Grove Resort
        • The Grove – Marquis
        • The Grove – Sterling
  • Homeowners
    • Homestead Exemption
    • Empower Home Progam
  • Blog
  • Contact
    • Testimonials
Florida Homes By Rau

We solve real estate problems!

(407) 900-7902
Submit

HOME BUYER PROGRAM Assistance to help you purchase a home

DOWN PAYMENT ASSISTANCE (DPA)

The Down Payment Assistance Program provides assistance to qualified first time homebuyers for down payment and closing costs associated with purchasing a home. The amount of assistance provided will be determined based on your household income. A household can qualify as very low income, low income, and moderate. Please refer to the income chart in the Learn More section of this web page to access the income limits. The amount of assistance available is from $15,000 to $35,000. All applicants must complete a pre-purchase homebuyer’s education program, and secure a first mortgage. The property to be purchased must be located in Orange County, outside the city limits of Orlando. For additional information, please refer to the Down Payment Assistance flyer and applicants are also encouraged to use the contact information below.

The State Housing Initiatives Partnership 2016-2017 close out report will be available for review and comment between September 9, 2019 to September 13, 2019 at the Housing and Community Development Division.

Down Payment Assistance Program for First Time Homebuyers

You may be eligible for up to $35,000 down payment assistance

WHAT IS THE DOWN PAYMENT ASSISTANCE PROGRAM?

The Down Payment Assistance Program provides funding to eligible first time homebuyers to purchase a new or existing home.

WHO QUALIFIES?

First Time Home Buyers:

A person who has not owned a home in the past three years. Exceptions are made for displaced homemakers.

2019 Income Limits Chart

Your annual income must fall within the one of the categories below:

  • Provide the greater of $1,000 or 1.75% of sales price towards down payment and closing costs.
  • Have a middle credit score of 620.
  • Residency in Orlando Metropolitan Statistical Area (Orange, Osceola, Seminole or Lake County) for the last 12 months.
  • Must have legal right to permanently reside in the United States.

ELIGIBLE PROPERTIES

  • Maximum sales price for new and existing is $230,000.
  • Single Family homes, condominiums, townhouses, modular homes located in
  • Orange County, but outside the city limits of Orlando.
  • Mobile Homes are not eligible

HOW DO I GET STARTED?

1. Attend an approved Homebuyers Educational Seminar.

To register contact the following agencies:

H.A.N.D.S. of Central Florida
407-447-5686 (OPTION 4) English
407-447-5686 (OPTION 2) Spanish
http://www.cflhands.org

Consumer Credit Counseling Service MD (CCCSMD)
877-355-1763
http://www.cccsmd.org/pre-purchasecounseling/

Housing & Education Alliance
407-232-6955
http://www.heausa.org/first-time-homebuyer-classes/

2. Contact a lending institution to obtain a loan commitment and be qualified for a first mortgage.

3. Find a home priced within the program sales price limits and within your preapproved loan amount.

4. Complete your home purchase loan package and forward it to the Housing and Community Development Division.

LOAN CONDITIONS AND REPAYMENT

  • Assistance up to $35,000 may be provided. Funding may be used for qualified closing costs and down payment associated with purchasing a home.
  • Orange County’s Down Payment Assistance must be repaid if the property is not occupied by the borrower during the lien period, sold, rented or refinanced.
  • 10 year deferred loan.

For additional information about the Down Payment Assistance Program contact Tynna Rau:

401 S Rosalind Ave., Orlando, Florida 32801
Telephone: 407-900-7902
Email: tynna.rau@exprealty.com

Down Payment Resource

Translate:

eXp Realty is the first cloud-based real estate brokerage, the largest residential real estate brokerage by geography in North America and the first and only real estate brokerage to operate as one company-owned brokerage in all 50 U.S. states. It is one of the fastest growing real estate brokerage firms in North America with more than 15,000 agents across 50 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

homesbyrau

Tynna Rau | Florida Realtor®
So glad to be able to help another Filipino family So glad to be able to help another Filipino family relocate to central Florida! Congratulations Villanueva family! 🚚 🌴 🏠 🎉 🍾

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Stoked to earn these socks from Google for writing Stoked to earn these socks from Google for writing reviews on local businesses! 🗺📍🌎 

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Congratulations to Devon and Maria that closed on Congratulations to Devon and Maria that closed on their home in the Tampa area. They were originally looking for an affordable resale house and they ended up with a brand new single family home. Thanks to my fellow EXP agent partner Richard for making this possible! Teamwork makes the dream work! 🫱🏽‍🫲🏼 🎉 🏠

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I’m so lucky that most of my clients are awesome I’m so lucky that most of my clients are awesome and treat me like their friend/family. Getting invited to events like this is very flatterring! 🥰 💕✨

Thank you and congratulations Gremarie and Edward for the new baby boy!🤰🏽👶🏽💙

#itsaboy #babyshower #wesleychapel #riverlanding #florida #filipinoinflorida #filipinos #buntis
Family potrait 04.30.2022 👩🏽‍❤️‍👨 Family potrait 04.30.2022 👩🏽‍❤️‍👨🏽🐶
#winnierau
Congratulations to my sellers! Their property was Congratulations to my sellers! Their property was listed for only 5 days before we accepted a cash offer getting them 30k over what they wanted to net. Enjoy the beginning of your retirement! 
🏡🥂💃🏽🏦 

#homesbyrau #realtorrau #teamrau #soldbyrau #filipinolistingagent #popitwhenyoucloseit #popitwhenyousellit #orlandolistingagent #centralfloridalistingagent #filipinalistingagent #listingspecialist
Sweet gesture from @centexhomes! 🏠 🐶🍾🥂 Sweet gesture from @centexhomes! 🏠 🐶🍾🥂 

#closingday #teamrau #tampa #florida #centexhomes #homesbyrau #realtorrau #winnierau #winniecoopcoop #toyotasiennahybrid #toyotasienna #yorkie #tampaflorida #newconstruction
One of the most fun parts of buying new constructi One of the most fun parts of buying new construction is picking and planning all the details and styles. In this step, I get just as excited as the future new homeowners! 🤩🔑📐🦺

#newhomesbyrau #homesbyrau #realtorrau #newconstruction #newconstructionhome #moveinready #gainesvillerealestate #centralfloridarealtor #filipinorealtor #filipinoinflorida #filipinoinrealestate #homedesign #newconstructionprocess
Congratulations to my buyers for getting this home Congratulations to my buyers for getting this home under contract! When I sent them the listing for this home they were surprised how quickly I found exactly what they were looking for. It’s always validating when my clients are excited and happy. 😌 📄 ✍🏼 

#homesbyrau #realtorrau #offeraccepted #undercontract #stcloudrealestate #stcloudrealtor #filipinorealestateagent #filipinorealtor #centralfloridarealtor #movingtoflorida
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Owning a home is a keystone of wealth… both financial affluence and emotional security.

Suze Orman
May 20, 2022 Friday!
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