First-Time Homebuyer Purchase Assistance Program

First-Time Homebuyer Purchase Assistance Program | Tamarac, FL - Official Website

First-Time Homebuyer Purchase Assistance Program | Tamarac, FL - Official Website Skip to Main Content Create a Website Account - Manage notification subscriptions, save form progress and more. Website Sign In Home Departments Community Development Housing Administration First-Time Homebuyer Purchase Assistance Program First-Time Homebuyer Purchase Assistance Program Eligible Applicants  will be invited to apply online starting  Monday, November 2, 2026 at 10 A.M.  Overview The First-Time Homebuyer Purchase Assistance Program (FTHB) provides down payment and closing cost assistance to income-eligible first-time homebuyers purchasing a home within the City of Tamarac.      Who is a first-time homebuyer? Applicants who: Do not currently own a home or did not own a home (house, condo, townhouse, etc.) in the last three (3) years. A single parent who has only owned a home with a former spouse while married (displaced due to divorce within the last three years. Considered on a case-by-case). An individual who is a displaced homemaker and has only owned with a spouse. An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable program regulations      Additional program information    FTHB applications are processed on a first-come, first-ready, first-complete basis: ✅ First-come, First-ready - Applicants who are pre-approved by a lender and under contract to purchase a property in the city and who have completed the following program requirements: 8-hr Homebuying Counseling class from a HUD-approved Housing Counseling Agency A one-on-one financial counseling from the City’s HUD-approved Housing Counseling agenciesOasis of HopeClick on: Click Here to Register Housing Foundation Of AmericaClick on: Contact Us > Schedule Now > Pre-Purchase Home Buyer Counseling A completed Loan Application A 1008-Uniform Underwriting and Submittal Summary First-complete –A due diligence review of the entire file by city staff to verify and confirm FTHB eligibility. ✅ City Staff will coordinate with the closing agent. ✅ The FTHB applicant is the primary point of contact throughout the city's FTHB process and must provide reliable contact method(s) in the application. FTHB applicant must: Obtain a first mortgage for the maximum amount you qualify for, with a fixed interest rate and no pre-payment penalty. The maximum purchase price allowed is $568,577. Not have defaulted on a mortgage within the last seven (7) years. Contribute a minimum of 3% (mortgage industry standards) of the contract price towards closing. Acquire the property within six (6) months of the FTHB approval notice.      FTHB Household Income Eligibility To qualify, your total annual gross household income must not exceed the amounts listed in the chart below: HOUSEHOLDSIZEAREA MEDIAN INCOME 30%50%80% 1$26,650$44,350$71,000 2$30,450$50,700$81,150 3$34,250$57,000$91,300 4$38,050​$63,400$101,400​​​   Annually Media Income (AMI) limits are subject to change by HUD on an annual basis.   📌 Maximum Purchase Assistance ✔ $85,000 → If your household income is **50% or less** than AMI. ✔ $75,000 → If your household income is **80% or less** than AMI. ✔ $40,000 → If your household income is **above 80% AMI but at or below 120% AMI**. Note: Limited funding availability for FTHB applicant at 120% AMI.      Application 🖥️ Application Instructions: Application Link will be provided to the Neighborly website upon the successful completion of the one-on-one counseling class. ⏳ Processing Time: Processing time is contingent upon the successful completion of the one-on-one counseling class [plan accordingly]. 📌 Submission Deadline: Submit all required documents within the timeframe to avoid application denial. Application processing will continue until funds have been exhausted or at the end of the program year, whichever comes first. Note: Unfunded applicants are removed from the system at the end of each program year. Applicants who were not assisted must submit a new application.    Important Documents 📁 Certified HUD Counseling Agencies for the eight (8) hour Class.  Version Options Down Payment Assistance Headline 📁 One-on-one counseling Agencies.  📁 Program Document Checklist.  Version Options Down Payment Assistance Headline 📁 Things Homebuyers Should Know.  Version Options Down Payment Assistance Headline 📁 Lender Guidelines.  Version Options Down Payment Assistance Headline      External Purchase Assistance Program  Broward County Affordable Housing Trust Fund Homeownership Program The Housing and Urban Planning Division offers Affordable Housing Trust Funds (ATHF) to qualified buyers. Assistance is provided as a deferred-payment second mortgage at 0% interest and a 15-year term Click Here Version Options Down Payment Assistance Headline to learn more. Click Here Version Options Down Payment Assistance Headline for Flyer Information Help For additional questions or concerns regarding the program, please contact: Monday - Thursday8 A.M. - 5 P.M. EST [email protected] Housing Division  Phone  (954) 597-3549  Florida Relay 711 (800) 955-8770  Voice  (800) 955-8771  TTY  Terms of Use Privacy Policy /QuickLinks.aspx