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Hernando County Down Payment Assistance


To follow is some additional information on this great program that is available which will help qualified 1st time buyers with their down payment money, closing costs or repair funding so you can buy a home.   You will need to have a Realtor like Elsie or myself  to assist you in finding properties and meeting the guidelines set  for this program.  Fill out your application today and find out in approximately 2 weeks if you qualify.
Up to $50,000 in Funding Assistance
Up to 50% of your down payment money
0% Interest Rate
On Eligible Foreclosed Homes in Hernando County
Fill out the Down Payment Assistance Program Application
Contact a Real Estate agent to identify vacant foreclosed properties in eligible areas.
Contact a participating lender to get pre-approved for a mortgage.
HUD approved Hobebuyer counseling will be required for all qualified applicants.

The County will review your file and determine eligiability of your Down Payment Assistance Program Application. A letter will be sent to you accordingly.
Select a real estate professional to screen and evaluate a property that meets your needs and your budget.
Submit selected property, (recommended that you select more than one) to the County for determination of eligiability of the property. The County will assess and issue a determination letter.
Obtain a release to make offer from the County.
Work with lender and real estate agent to complete loan package, underwriting and address issues necessary to receive approval for first mortgage and home loan.
Pre-closing to sign County mortgage documents and all other grant required documents.
Attend your closing.
The income guidelines are as follows:

For additional information on this opportunity, now that it has been streamlined to be a much smoother process, please call Julie Ann Ludovico 352-442-9386 or Elsie Kempsey 352-428-5232 to get started today!  It's an awesome buyers market with assistance for those that need it. 

We'll Always keep you informed!
Have a great night and Enjoy!
Julie Ann Ludovico & Elsie Kempsey
Team Tropic Hernando 


Published Thursday, July 22, 2010 8:30 PM by Julie Ludovico & Elsie Kempsey

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# re: Hernando County Down Payment Assistance @ Friday, February 6, 2015 11:09 PM

Can you please help me with some options for down payment assistance programs?  I have a signed contract to purchase a home in Hernando County and need about 5,000 to assist DPA/CC

Please respond and thank you, JRundell

Jennifer Rundell

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