Volusia County, Florida

How Do I Qualify for Downpayment Assistance for First Time Home Buyers in Volusia County, FL?

As of 2015, to qualify for Volusia County, Florida’s Downpayment Assistance Program for First Time Home Buyers, you must meet all of the following criteria:

  • You must qualify for a first mortgage through a certified Volusia County Lender
  • You must have a minimum credit score of 640
  • Your income cannot exceed Volusia County program limits
  • You cannot have owned a home in last 3 years
  • You cannot have defaulted on a mortgage within the last 7 years

What Properties are Eligible for Volusia County, FL Downpayment Assistance?

  • The maximum sale price, regardless of the property type, cannot exceed $138,000
  • Single family homes are eligible
  • Condominiums are eligible
  • Modular homes are eligible
  • Mobile homes are not eligible for downpayment assistance

What Conditions are Placed on Downpayment Assistance in Volusia County, FL?

  • Assistance cannot exceed $25,000
  • No cash can go to the borrower
  • Closing cost assistance cannot exceed $3,000

What are the Maximum Downpayment Assistance Amounts for Volusia County, FL?

Very LowLowModerate
$25,000$20,000$15,000

What is the Minimum Downpayment Required for Assistance for Volusia County, FL?

Very LowLowModerate
$500$1,000$1,500

What are the Income Guidelines for Downpayment Assistance in Volusia County FL?

Household SizeVery Low
50% of Median Income
Low
80% of Median Income
Moderate
120% of Median Income
1$18,800$30,100$45,120
2$21,500$34,400$51,600
3$24,200$38,700$58,080
4$26,850$42,950$64,440
5$29,000$46,400$69,600
6$31,150$49,850$74,760
7$33,300$53,300$79,920
8$34,450$56,700$85,080

Hi, I'm Shahram Sondi, your local mortgage expert.

I care about my clients. I believe good service is a must, but nothing is more important than saving my clients money.
  • FREE.
  • Fast.
  • No SSI Needed.
Shahram Sondi | NMLS 186790 CERTIFIED MORTGAGE ADVISOR™
Pre-Approval App
All rights reserved © 2022 Mortgage Expert, Inc. NMLS ID: 2412313 Location: 142 W Lakeview Ave, Suite 2050, Lake Mary, FL 32746 | Phone: (407) 955-9235 Content provided by Shahram Sondi The information provided on this site is for basic informational purposes only and IS NOT intended as a substitute for professional or legal advice. Notice: My Town Realty (License #: CQ1049127) and Mortgage Expert (NMLS ID: 2412313) are both wholly-owned entities of Shahram Sondi (NMLS ID: 186790, License #: BK3225742). Due to this relationship, any referral between these two entities has the potential to financially benefit Shahram Sondi. Under no circumstance are you required to engage the services of one or both of these entities. View $1000 Best Rate Guarantee Terms & Conditions
Get a quote