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Information for Homebuyers |
FIRST DOWN
funds
are available now and can assist homebuyers with higher incomes! |
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If you are a 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. |
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Information for Lenders |
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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. |
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What is FIRST DOWN? As
an economic stimulus and to help new homebuyers, the
 Polk County Board of
County Commissioners recently released $1,000,000 of general funds designed
to help homebuyers purchase homes to be newly constructed. Buyers earning
substantially higher incomes can qualify for FIRST DOWN - up to 140% of
the area median! This new and innovative program is being offered county-wide. You may be eligible to receive assistance
for a down payment and for your closing costs up to a total of $9,000.00
through FIRST DOWN!
More info for buyers...
Lenders will be able to register FIRST DOWN requests for clients beginning
June 4th until funding is fully reserved.
More info for lenders... |
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Information for Real Estate
Professionals |
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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. |
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Homebuyer Education |
 City
of Lakeland funding is now available at all income limits. If you
are purchasing a property in the city limits of Lakeland, or plan to, it is
important that your lender reserve funds for you. Important changes to
the program assistance amounts have been made, and they are now based on
three levels of assistance depending on household income.
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LENDERS PLEASE NOTE:
If you have already registered to receive materials with us, you should have received
notification of the funding availability for the FIRST DOWN
program and for the City of Lakeland funds. The waiting list
has been closed for new Polk County SHIP funding and requests are not
being taken at this time. The only requests being accepted are for City of
Lakeland funds and FIRST DOWN!
updated 06-10-08. |
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View a current schedule of classes and obtain registration materials here.
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Clases en Español
Homebuyer Education Classes are now being
offered in Spanish! |
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Obtain a
FREE Credit
Report! |
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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.
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Information on programs, terms of funding, and availability of funding
subject to change without notice. |
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