HOME Investment Partnership First-Time Homebuyer Program (Palm Beach County)

HOME Investment Partnership First-Time Homebuyer Program (Palm Beach County) is sponsored by Palm Beach County Housing and Economic Development. This program provides funding to assist income-eligible applicants/households to acquire their first home, including acquisition, new construction, down payment, and closing costs. Funds are awarded as a 0% interest deferred payment loan.

Housing & Economic Development Housing & Economic Development Housing & Economic Development Currently selected Countywide Housing Dashboard Commission on Affordable Housing Community Development Programs Glades Region Master Plan Mortgage and Housing Investments Office of Small Business Development ​​​​​​​​​​​​​​​​​​​​​​​​​ The Application Limit has been reached.

The Portal is now CLOSED ​​ NOTICE OF FUNDING AVAILABILITY​​​ ​​​​ ​​APPLICATION LAUNCH DATE Wednesday, July 23, 2025 at 12:00 pm and end on Wednesday, August 20, 2025 100 applications have been submitted) Investment Partnership First-Time Homebuyer Program HOME INVESTMENT PARTNERSHIP FIRST-TIME HOMEBUYER PROGRAM SUMMARY: Funding will assist income-eligible applicants/households to acquire their first home (including acquisition, new construction, down payment, and closing costs) that will be used as their primary place of residence.

Eligible locations and processes when purchasing desired properties will be shared during the orientation. Household Size and Eligible Income Categories to be Served: Number of Persons in H​ousehold​ APPLICANT SELECTION CRITERIA : One Hundred (100) applications will be available online by visiting the website at pbcgov. com/HED beginning Wednesday, July 23, 2025 at 12:00 pm.

Applications will be processed on a first submitted, first qualified, first served basis, subject to funding availability.

REQUIRED DOCUMENTS: At the time of application submittal, the following documents must be provided for ALL adult household members: Copy of Pre-Approval Letter from a First Mortgage Lender (Mandatory) Copy of valid Drivers' License or State Identification for ALL adult household members Copy of U.S. Birth Certificates or valid U.S. Passport or Naturalization Certificate for ALL household members.

For all Non-U.S. Citizen household members provide a copy of a valid Permanent Resident Card Copy of current Verification of Employment (VOE) completed and signed by employer within 30 days of submission of application (Preferred) (OR) copy of most recent 30 days paycheck stubs (one month) for ALL working adult household members ​ Copy of most recent Social Security, Retirement and/or Disability Award Letter for ALL household members If an adult student is employed – copy of student enrollment or current class schedule If unemployed, a copy of unemployment benefits statement (OR) a completed Unemployment Affidavit​ for ALL household members Wage Earner Statement from Social Security Administration for ALL unemployed adult household members If self-employed provide a completed YTD Profit and Loss (P & L) Statement for ALL adult household members AND most recent three (3) years of tax returns – all pages - (signed and dated) as submitted to the IRS (OR) current 1099 Income earner AND most recent three (3) years of tax returns – all pages -(signed and dated) as submitted to the IRS ​ Proof of child support documentation Legal documentation for adoption, divorce, battered spouse & restraining order Completed Verification of Deposit (VOD) (Preferred) for ALL current accounts (checking and savings) for ALL adult household members (OR) copy of most recent bank statement for all accounts – all pages Most Recent Statement Account for: CD, Investment account, Whole life insurance, stocks and bonds) for ALL adult household members ​ ​ Most recent tax returns – all pages -(signed and dated) as submitted to the IRS and corresponding W2s/1099s- look for “other income" Schedule “C" (Mark out the first five digits of your social security number before submitting)​ Certificate of Completion for Homebuyer Education from a HUD Certified Counseling Agency or Neighborworks America (OR) Documentation of an upcoming scheduled appointment ​(Search for a HUD Approved Housing Counselor​ near you or contact one of our H​o​using Partners ​ )​ County's Eight (8) Hour Homebuyer Education Counseling Certification form​ completed by the Counseling Agency's Instructor NOTE: ALL Applicants are required to have a First Mortgage Loan approval from a lender before applying Additional Information: ​ F unds will be awarded as a 0% interest deferred payment loan secured by a recorded Mortgage, Promissory Note and Declaration of Restriction for 30 years.

The loan is forgiven at the end of the 30-year term. ​ The property's purchase price cannot exceed $568,557 Applicant(s) cannot currently own a home First Time Homebuyer under the HUD definition : An individual who has no ownership in a principal residence during the 3-year period ending on the date of purchase of the property.

This provision is limited to a spouse (if either meets the above test, they are considered first-time homebuyers). A single parent who has only owned with a former spouse while married. 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 regulations. An individual who has only owned a property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure.

​ ​Applicant may not currently own or have liquid assets exceeding $200,000, and/or combination of liquid and non-liquid assets exceeding the current purchase price limit (excluding their primary residence).

​ Pre-Application Orientation - Before submitting an application, applicants may attend one of the Virtual Pre-Application Orientations listed below: Thursday, June 26, 2025 at 7:30 am Tuesday, July 1, 2025 at 10:00 am Thursday, July 10, 2025 at 2:00 pm Tuesday, July 15, 2025 at 5:00 pm Tuesday, July 22, 2025 at 12:00 pm The Pre-Application Orientation Meeting WebEx link is: https://bit.

ly/HOMEorientation25 ​(OR) Dial (904) 900-2303 to join by phone Meeting number (access code) 2308 109 3412 – Password: xDcDkj787XQ For additional information, please contact: Mortgage and Housing Investments Division 100 Australian Avenue, 5th Floor, West Palm Beach, FL 33406 Telephone: Antoinette Prescott (561) 233-3606 or our Main Number (561) 233-3600 Email: HEDverify@pbc.

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