HFA of Manatee County VA Single Family 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
Program Description
HFA of Manatee County offers a 30-year VA mortgage option for veterans and active-duty military that can be paired with their Single Family Second Mortgage Program. The assistance can be used towards down payments and closing costs.
Tags
Do you match this loan?
Our loanSMART system will tell you if this loan program is a good fit your scenario.
HFA of Manatee County VA Single Family Program
Min. Credit Score
660
Min. Down Payment
0%
Max Loan Amount
$726,200
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 Single Family 2nd Mortgage down payment assistance
- Allows up to 45% DTI (Debt-to-Income)
- Only available in Manatee County, FL
- Not available for second homes or investment properties
- Manufactured homes are not permitted
- Homebuyer Education
Program Availability
HFA of Manatee County VA Single Family Programs are available in 1 state.
*Limited Availability: Eligible properties may be located anywhere within Manatee County, FL.
Talk to an Expert
An RMM PROLender can help you see if this or a different loan program is the right fit for your unique situation. Get Started.
“If you're a Vet or active-duty military purchasing a home in Manatee County, FL and you need assistance offsetting costs—programs from the HFA of Manatee County 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
$349,526
Income Limit
$135,600
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.
Buying a Home?
Answer a few short questions and we'll build you a custom list of home loan program options. You're homeownership journey is in good hands.
Key Features
- VA loan program option from HFA of Manatee County; follows VA guidelines
- Allows for credit scores as low as 660.
- Not required to be a first time home buyer
Additional Conditions
- Eligible properties may be located anywhere within Manatee County, including the city of Lakewood Ranch, FL.
- 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 required for this loan program.
Class Name: Homebuyer Education through HUD approved Agency
First-time homebuyers are required to complete a HUD-approved education course. The education course can be obtained from any HUD-approved provider face to face or online typically though MGIC online or eHomeAmerica online.
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 HFA of Manatee County VA program to help cover all or a portion of your down payment and closing costs, or provide additional borrower benefits.
HFA of Manatee County Second Mortgage
|HFA of Manatee County VASingle Family Program Second Mortgage combines the HFA of Manatee County first mortgage with a second mortgage to cover down payment costs.
Max. Loan Amount
$726,200
Min. Credit Score
660
Min. Down Payment:
0% 0%
Special Offers
Occasionally, there are special offers that can be added to this mortgage program that provide additional benefits, such as a reduction in your federal taxes (mortgage credit certificates), extra cash for your down payment, and more.
HFA of Manatee County Key to Homeownership Grant Program- Government Loan
The Key to Homeownership Grant Program offers down payment assistance in the form of a grant in conjunction with the HFA of Manatee County Single Family First Mortgage Programs.
FHA of Manatee County Mortgage Credit Certificate (MCC)
HFA of Manatee County Mortgage Credit Certificate (MCC) is an interest tax credit that is used to reduce your federal income tax responsibility each year.
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.
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.
Nevada Housing FHA Loan - Home is Possible Teacher
Best For: First Time Homebuyers, Low Down Payments, Lowest Rates
FHA program for Nevada Teachers with down payment assistance options.
Related Resources
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
Required Homebuyer Education Classes for Certain Programs
Many homebuyer assistance programs and some mortgage lenders require borrowers to take a homebuyer education course.
Read More
All About Different Mortgage Terms
Buying a home is an exciting opportunity to create financial stability and have a place you can make your own. But if you've started to look at a mortgage, you may be bewildered by the dizzying amount of terms. In fact, getting a mortgage can sometimes feel like you are learning a new language! But don't worry — this handy guide to the most common mortgage guide is here to save the day!
Read More
The Power of a Mortgage Review: Trusting a PRO Lender on ReviewMyMortgage
Explore the benefits of a mortgage review with a trusted PRO Lender on ReviewMyMortgage.com. Learn how you can save money, uncover refinancing opportunities, access expert knowledge, stay informed about market trends, and take advantage of the platform's user-friendly loanSMART dashboard. Secure your financial future by signing up for a free account on reviewmymortgage.com today.
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
Mortgage Program by:
ReviewMyMortgage.com is in no way affiliated with the companies or institutions listed here.
Start Your Journey
Whether your are buying a new home, or refinancing your current home loan, let the experts at Review My Mortgage guide you on your homeownership journey.
Are you a mortgage professional?
Learn about our unique sponsorships, including RMM PROLender, that can take your production to the next level.
Get in Touch