If you’ve ever dreamed about home ownership but felt that buying a home was a little beyond your reach, the Jacksonville Housing Finance Authority (JHFA) may make your dream a reality with their First-Time Homebuyer Program.
The Jacksonville Housing Finance Authority's Single-Family Loan Program offers a 30-year, fixed-rate mortgage for first-time homebuyers. The program offers a 1.00% origination fee and is exempt from documentary stamps and intangible tax on the mortgage and note.
All qualified borrowers will also receive a Mortgage Credit Certificate (MCC). The MCC allows a borrower to take the lesser of 50% of the annual mortgage interest paid or $2,000 as a tax credit, while continuing to use the balance as a tax deduction. A tax credit is subtracted from the total federal income tax liability, provides a dollar-for-dollar reduction of liability and is limited to the homeowner’s tax liability.
Single-Family Program Brochure
Single-Family Program Flier
Current Single Family Loan Program Lenders:
SWBC Mortgage Corporation
Donald Ster (NMLS# 450499) - (904) 887-1101
Rick Holmes (NMLS# 267426) - (904) 641-5100
Michael Warner (NMLS# 1013616) - (904) 641-5400
Alexandra Holmes (NMLS# 1252755) - (904) 641-5100
Mary Keene (NMLS# 396398) - (904) 813-0000