Monday, February 08, 2010

New program offers home loans, assistance in Hillsborough County

If you're looking for a home in Hillsborough County, you may be able to get even more help with your purchase. The Housing Finance Authority of Hillsborough County said today that it has $20 million now available to lend for mortgages. The mortgages are 4.99 percent, 30-year fixed rate loans and will be funded from proceeds of a bond sale. The authority also is offering down payment assistance of $5,000 to some buyers. To qualify for the loan, the household income limits are $63,832 for households of 1 or two and $73,406 for three or more. The purchase price cannot exceed $258,690. For more information, call 1-888-316-8536 or go to the authority's website at www.hillsboroughcountyhfa.org.

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