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As of 02/23/10

 

A limited amount of SHIP funds are available for down payment assistance.  Moderate income buyers can receive $7,000 down payment assistance plus $2,000 for closing cost assistance, low income buyers receive $12,000 plus $2,000, and very-low buyers receive $20,000 plus $2,000. In addition, the FHOP program can provide an extra $8,000 in down payment assistance!

Lenders: Register Funds Here....

 

FHOP is the program that advances the $8,000 federal tax credit to you now. You may have an annual household income up to $75,000 if you are single, or up to $150,000 if married and potentially qualify for FHOP.

Buyers: Read more about FHOP....

Lenders: More Info on FHOP Funds Here....

Certain restrictions apply. As with all our programs, funds are limited, and are subject to final availability and approval by the local governments.

 

 

The federal government also authorized a new program called the Neighborhood Stabilization Program (NSP) that is launching now in Polk County.  Homes are being purchased in targeted communities throughout the county and will be fully rehabilitated for sale to low and moderate income homebuyers. Get more info on NSP including a listing of properties as they become available at www.polkhousing.com/. Some beautiful, like-new homes are now on the market in Poinciana!

Information for Homebuyers

If you are a very-low, low or moderate income household, we can help you own a home.  Get information on down payment assistance programs, affordable first mortgage financing, and homes for sale.

  Assistance program funds will provide down payment assistance of $7,000 - $20,000 depending on the income level of the homebuyer, and the availability of funds. An additional $2,000 is usually available for closing cost assistance. Information for Homebuyers
Information for Lenders
  If you are a first mortgage lender interested in participating in Keystone's down payment assistance programs, find out what you need to know here. Our programs are HUD acceptable to provide secondary financing for FHA insured mortgage loans. Information for Lenders
Information for Real Estate Professionals
  If you are a real estate professional looking for affordable properties for your low income buyers, see what homes Keystone has available for sale.  Keystone develops homes throughout Polk County.
Homebuyer Education
  View a current schedule of classes and obtain registration materials here.

Clases en Español

Homebuyer Education Classes are offered in Spanish!

Obtain a FREE Credit Report!

  ABOUT US

Keystone Challenge Fund is a non-profit corporation established in 1991 with a primary purpose to operate for the advancement of affordable housing.

Our mission is to provide homebuyer education and affordable financing to low and moderate income homebuyers.

We administer State Housing Initiatives Partnership (SHIP) funds for Polk County, the City of Lakeland, and the City of Winter Haven.  SHIP funds  provide down payment and/or closing cost assistance to eligible homebuyers who have secured affordable first mortgage financing.

Keystone's programs are HUD acceptable to provide secondary financing for FHA-insured mortgage loans.

Keystone is also a Community Housing Development Organization, and we develop newly constructed homes for sale to low income homebuyers.

Click here for more information about us.  Click here for contact information.

Information on programs, terms of funding, and availability of funding subject to change without notice.

                           ECOA Statement

To view our Equal Housing Opportunity Statement , click on the logo at left.

Copyright © 2002-2009 Keystone Challenge Fund, Inc.

Last modified: 02/22/10

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