Pinellas County HFA HOME KEY VA Loan Program
Best For: First Time Homebuyers, Low Down Payments, Zero Down
VA program for Pinellas, Pasco, and Polk County, FL vets and active-duty military seeking down payment assistance, offered by the Pinellas County HFA
This loan program is not available in Spalding County, GA
Program Description
The Pinellas County HFA (Housing Finance Authority) offers a 30-year VA mortgage option for veterans and active-duty military that can be paired with their Home Key 2nd Mortgage Program. The assistance can be used towards down payments and closing costs.
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Pinellas County HFA HOME KEY VA Loan Program
Min. Credit Score
660
Min. Down Payment
0%
Max Loan Amount
$349,525
Qualification variables shown here are for 1-Unit Primary Residences, and loan amount ranges vary based on US County. Register Now to see if this loan program is a good fit for you, find your county limits, and find more options for purchasing a home.
Pros & Cons
- 100% Financing Available
- Can be combined with the Home Key 2nd mortgage down payment assistance
- Allows up to 45% DTI (Debt-to-Income)
- Only available in Pinellas, Polk, and Pasco County, FL
- Not available for second homes or investment properties
- Manufactured homes are not permitted
- 2-4 unit properties are not allowed
- Only available for first-time home buyers
Program Availability
Pinellas County HFA HOME KEY VA Loan Programs are available in 1 state.
*Limited Availability: Eligible properties may be located anywhere within Pinellas, Polk, or Pasco Counties
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“If you're a Vet or active-duty military purchasing a home in Pinellas, Polk, or Pasco County, FL and you need assistance offsetting costs—programs from the Pinellas County HFA can provide down payment and closing funds."
Occupancy & Property Types
Qualification factors for this program can vary based on how you intend to occupy the property and what type of property you are purchasing. By registering for a free account , you can check program limits for all property and occupancy types.
Occupancy Types
Available Property Types for Primary Residence
Income & Purchase Price Limits
Your Debt-to-Income Ratio (DTI), as well as purchase price and income limits, are important factors when qualifying for a home loan program. By registering for a free account , you can find the exact program limits for this program and others in your area and for your unique scenario.
Debt-to-Income Limit
45.00%
Purchase Price Limit
$349,525
Income Limit
$81,000 - $82,100
Annual Household (1-2) Income
Qualification variables shown here are for 1-Unit Primary Residences, and loan limit ranges vary based on US County. Amounts may be rounded. Exact amounts can be accessed by registering for a free account.
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Key Features
- VA loan program option from Pinellas County HFA; follows VA loan guidelines
- Allows for credit scores as low as 660.
- Must be a first time home buyer
Additional Conditions
- Eligible properties may be located anywhere within Pinellas, Polk, and Pasco Counties, including the city of St. Petersburg
- Must be a veteran or active-duty military
Other Limitations
In some circumstances, there are specific requirements you must meet or homebuyer education courses you must attend in order to be eligible for the loan program.
No other program limitations
A Homebuyer Education Class is not required for this loan program.
Mortgage Insurance & Fees
Most mortgage programs require mortgage insurance when you are financing more than 80% of the purchase price or appraised value. Some programs may also have an associated funding fee, paid at the time of closing, or an annual fee. Learn all about the different fees here.
No Mortgage Insurance
This program does not require Private Mortgage Insurance (PMI).
Type: VA Funding Fee
The VA Funding Fee, which ranges between 1.25% - 3.3% of the loan amount, is charged on all VA loans unless the veteran has been entitled 10% or greater in disability.
Type: No Annual Fee
This program does not have an annual fee.
Estimated Closing Costs: 3%
These amounts are just an estimate. Your closing costs include things like loan origination fees, discount points, appraisal fees, title insurance, taxes, deed recording fees, and other charges.
Grants, Bonds & 2nd Mortgages
There are certain programs that can be combined with this Pinellas County VA Home Key FHA program to help cover all or a portion of your down payment and closing costs, or provide additional borrower benefits.
Pinellas County HFA Home Key Plus 2nd Mortgage
|Pinellas County VA Home Key FHAHome Key Plus Second Mortgage combines the Pinellas County HFA first mortgage with a second mortgage to cover down payment costs.
Max. Loan Amount
$349,525
Min. Credit Score
660
Min. Down Payment:
0% 0%
Similar Loan Programs
If you think this home loan program may be a good fit for you, you may also want to check out the following programs that share many similarities with the current program.
Pinellas County HFA HOME KEY USDA-RD Loan Program
Best For: First Time Homebuyers, Zero Down
USDA program for Pinellas, Pasco, and Polk County, FL residents seeking down payment assistance, offered by the Pinellas County HFA
IHFA Tax-Exempt RD Targeted
Best For: First Time Homebuyers, Lowest Rates, Zero Down
Tax-Exempt RD rural development loan program for targeted Idaho Counties with below market interest rates and down payment assistance options.
Related Resources
First Time Homebuyer Guide
Being a first-time homebuyer has its fair share of challenges. One of your biggest obstacles will be competing against other new or seasoned buyers. While bidding wars have tapered since the previous buying season, they can still occur.
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A Rundown On Closing Costs and How They Affect You
It can be tricky to sift through all the figures , so we broke down what they are, how much they cost, who's responsible and how to minimize your expenses.
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VA Loan Guide
As a Veteran You Should Know All That Your Service has Entitled You to. The VA Loan Can Provide Many Valuable Advantages to Those Who Have Served Our Country.
Read More
High Balance FHA Loans Explained
Explore high balance FHA loans: low down payment, relaxed credit guidelines, and higher loan limits in high-cost areas. Ideal for first-time homebuyers.
Read MoreVisit our Mortgage Education Center for more resources.
* Some loan programs may not be offered by all featured lenders of ReviewMyMortgage.com and qualification guidelines may vary between them. Our team makes their best effort to keep loan program information up to date. Loan programs may change without warning. ReviewMyMortgage.com does not guarantee or offer any loan products. ReviewMyMortgage.com is strictly an educational resource hub for consumers
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