The Right at Home Loan Program is designed to help eligible homebuyers make homeownership more attainable with flexible financing and assistance with upfront costs. Available within designated eligible areas, including portions of the New Port Richey area, the program offers several benefits for qualified buyers.
100% financing
No Private Mortgage Insurance (PMI)
Up to $5,500 toward buyer closing costs
Allows up to a 6% seller contribution
Applicants must meet the following general requirement:
Minimum 640 credit score for loan amounts under $500,000
Property must be the borrower's primary residence
Borrower cannot own other real estate at the time of closing
Maximum 45% debt-to-income (DTI) ratio
Minimum borrower contribution of $500
Loan is subject to underwriting approval
Eligibility is also based on the location of the property. Prospective homebuyers are encouraged to review the program's eligible-area map and contact a participating lender for additional information, qualification requirements and assistance determining whether the program may be a good fit for their homebuying needs.