Palm Beach County has opened up another of its first-time home buyer program accepting applications starting Wednesday December 27th at 8AM. This time around, one hundred applications will be accepted. The application will be available until Wednesday January 17th, 2024 or until the 100 applications are submitted. This program offers up to $100,000 for eligible first time home buyers.

If you are a first-time home buyer this program will drastically reduce the amount of funds needed to purchase your home. The program will provide funds towards down payment and closing cost and can be used for home purchases, home purchase with renovation, and new construction homes. The program can be used to purchase single family homes, multifamily homes up to 4 units, or townhomes as long as the property's purchase price does not exceed $568,557.

The down payment assistance funds are provided as 0% second silent mortgage in which no monthly payments are required and is forgivable after 30 years of occupancy and ownership of the property.

To be able to submit an application you must meet or have completed the following requested items.

• Mandatory Orientation Certificate from the County (Mandatory)
• Copy of Pre-Approval Letter from a First Mortgage Lender (Mandatory)
• Copy of valid Drivers' License or State Identification for ALL adult household members
• Copy of U.S. Birth Certificates or valid U.S. Passport or Naturalization Certificate for all household members. For all Non-U.S. Citizen household members provide a copy of a valid Permanent Resident Card
• Copy of current Verification of Employment (VOE) completed and signed by employer within 30 days of submission of application (Preferred) (OR) copy of most recent paycheck stub for ALL working adult household members
• Copy of most recent Social Security, Retirement and/or Disability Award Letter for ALL household members
• If an adult student is employed – copy of current class schedule
• If unemployed, a copy of unemployment benefits statement (OR) a completed Unemployment Affidavit for ALL household members
• Wage Earner Statement from Social Security Administration for ALL unemployed adult household members
• If self-employed provide a completed YTD Profit and Loss (P & L) Statement for ALL adult household members AND most recent three (3) years of tax returns (signed and dated) as submitted to the IRS (OR) current 1099 Income earner AND most recent three (3) years of tax returns (signed and dated) as submitted to the IRS.
• Court ordered child support documentation and/or proof from Palm Beach County Clerk and Comptroller's Office that there is/are no child support case(s) or award(s); and ALL appropriate legal documentation for adoption, divorce, battered spouse & restraining order
• Completed Verification of Deposit (VOD) (Preferred) for ALL current accounts (checking, savings, CD, IRA, Investment, Retirement) for all adult household members (OR) copy of most recent bank statements.
• Most recent two (2) years of tax returns (signed and dated) as submitted to the IRS and W2s/1099s
• Certificate of Completion for Homebuyer Education from a HUD Certified Counseling Agency or Neighborworks America (OR) Documentation of an upcoming scheduled appointment List of Housing Partners is here.
• County's Eight (8) Hour Homebuyer Education Counseling Certification form completed by the Counseling Agency's Instructor

To get income eligibility guidelines, orientation time and dates, and other information please visit the link below. When you are ready to search for a home in Palm Beach County please feel free to reach out to me and I will be happy to assist you.