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Down Payment Assistance for New or Existing Homes

The Program
The Down Payment Assistance Program provides funds for down payment and closing costs toward new construction or purchase of an existing home. Assistance is for home purchases in Volusia County. Residents of incorporated areas of Daytona Beach and Deltona need to contact their municipalities for similar assistance.

Loan Amounts
Eligible families can receive up to the following maximum awards for down payment assistance and closing costs for each specific area:

Maximum Loan Amounts

Very low-income
$38,400/$6,000
Low-income
$32,400/$5,400
Moderate-income
$26,000/$3,000


Revitalization Areas

Very low-income
$42,000/$6,000
Low-income
$36,000/$5,400
Moderate-income
$30,000/$3,000


Applicants are required to contribute toward their down payment. Minimum contributions are: 

Very low-income
$500
Low-income
$1,000
Moderate-income
$1,500

Maximum Purchase Price 
The maximum purchase price for new construction (including lot) or an existing home is:

 $189,682
 

Who is Eligible?
Applicants are eligible for assistance if they have not owned a home within the past three years or foreclosed on a home in the past seven years and whose total gross household income does not exceed limits for family size based on the chart below: 

Income Limits
Very Low-income Range

Family Size:
Maximum Income:
1
$17,600
2
$20,100
3
$22,650
4
$25,150
5
$27,150
6
$29,150
Low-income Range
Family Size:
Maximum Income:
1
$28,200
2
$32,200
3
$36,250
4
$40,250
5
$43,450
6
$46,700
Moderate-income Range
Family Size:
Maximum Income:
1
$42,240
2
$48,240
3
$54,360
4
$60,360
5
$65,160
6
$69,960

How to Apply

For up-to-date information visit Volusia County's Official website: http://www.volusia.org/community_assistance/default.htm

Contact Maggi Hall (386.717.9991), an approved housing partner. An agent will assist you in locating a lender that works with the downpayment assistance program. 

Click Here for more information about the NSP Home Purchase Program - Homebuyer Overview

Click Here for more information about the NSP Home Purchase Program - Affordable Housing Partners


Take an approved Volusia County home ownership class.

Maggi Hall  will help you find a home and the lender will submit the appropriate forms to Volusia County.

Once you are approved, the county will send you a letter of commitment. After that the lender will set a closing date with the title company, you, and Maggi Hall

 

 

 


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Maggi Hall, Broker, West Volusia Properties 
717 N Amelia Avenue, DeLand 32724

(O) 386.717.9991  *  (F) 386.734.0180
www.WestVolusiaProperties.com



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