Who is eligible?

Do you want to buy a home in Osceola County?  Do you need assistance with the down payment and costs to purchase your home? You have come to the right place.  Osceola County received funding from the federal government to help people like you buy a home.  These homes are purchased out of foreclosure by independent companies, renovated, and available for sale.   The best part?  The County will supplement your purchase, and you can buy these homes below cost.  Even better?  The County will give you up to 20% of the purchase price.

To qualify, a purchaser must meet the following criteria:

  • Do not currently own a home and the home will be your primary residence.
  • The purchaser must be a U.S. Resident and have a valid social security card and a valid government issued picture ID.
  • Family members must be able to demonstrate employment history for the past 2 years, with a combined family income that is less than 120% of the median income of the County (see Max Income Limits).
  • Contribute a minimum of $1,000 toward the price of the home. (Typical purchase requires $1,000-$2,500 in total down payment.)
  • Purchaser’s monthly payments on current debt (credit cards, car payments, etc.), if any, must be less than 16% of gross income.
  • Attend 8-hours of class time from a HUD certified Counselling Agent to learn about home ownership.
  • Have a minimum credit score of 640, and be able to qualify for a loan with a bank.
  • No one in the household has committed a felony within the past 5 years.
  • The Purchaser must submit an NSP Application to Osceola County (see NSP Application)

A purchaser that meets all these requirements will be considered for the NSP program.

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  1. #1 by Wanda on July 8, 2011 - 3:14 pm

    This could be an excellent chance to buy a house, but what happened if our score is below 640; do I HAVE CHANCE TO APPLY.

    • #2 by Nvision on July 8, 2011 - 3:38 pm

      Wanda,

      Thanks for your inquiry. Yes, you can still apply for the program. You will need to complete the APPLICATION. Then, contact Terry Rose at Trose2002@aol.com or (407) 923 4604, and Terry will assist you with an introduction to a lender that is familiar with the NSP process and can assist. Our lenders can assist with determining if you qualify today, and if not, they can work with you on a path that will improve your credit score in the upcoming months so that you will be eligible for the program as soon as possible. We look forward to assisting you!

      Ian McCook (407) 872 1900

  2. #3 by Bella on July 12, 2011 - 9:49 am

    I have had Bankrupcy in the past. Can I still buy a home with your program?

    • #4 by Nvision on July 13, 2011 - 4:22 pm

      Maybe. This will depend on how long ago the bankrupcy was discharged, and what has occured with respect to your credit in the time since your bankrupcy was discharged. You will need to be able to obtain a loan through a bank and meet their criteria that will be the same whether you are purchasing a home through regular channels or part of this program. Typically these are either FHA or USDA loans. If you do not have a lender already, please contact us and we will put you in touch with a lender that can assist and determine if you would qualify, and if not, what steps you would need to take to get you approved!

  3. #5 by Nvision on July 10, 2012 - 2:30 pm

    Unfortunately cash buyers are not eligible. Buyers must obtain qualification approval through the County. It is not hard – we will help!

  1. We Buy All Cash| Close Quickly|Cash Buyers

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