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Affordable Income Subsidy (AIS) Grants Program

Freddie Mac Conventional Option Program ONLY

 

Borrowers using the Freddie Mac HFA Advantage Loan who meet specific income limits may be eligible for a grant made by Freddie Mac to help with down payment and closing costs (the “Affordable Income Subsidy Grant” or “AIS Grant”).  The income limits for the AIS Grants are determined by the county location of the home as shown in the chart below.  Borrowers at or below 50% of the Area Median Income (“AMI”) Limits as published by Freddie Mac are eligible for an AIS Grant in the amount of $2,500 and borrowers above 50% of AMI but at or below 80% AMI are eligible for an AIS Grant of $1,500.  

 

There is no repayment of the AIS Grant – it is a grant subsidy. 


If you qualify, you may receive the AIS Grant from Freddie Mac and DPA assistance and a mortgage credit certificate from the Issuer.   These subsidies are stackable.

 

2017 Freddie Mac Area Median Income (AMI) per Participating County
       
County Name

 100% Area Median Income (AMI)

80% of Area Median Income 50% of Area Median Income
Alachua  $  62,500  $  52,160  $  32,600
Bay  $  56,700  $  45,360  $  28,350
Bradford  $  53,600  $  42,880  $  26,800
Escambia  $  62,000  $  49,600  $  31,000
Franklin  $  49,400  $  39,520  $  24,700
Gadsden  $  68,400  $  54,720  $  34,200
Gulf  $  56,700  $  45,360  $  28,350
Hernando  $  59,800  $  47,840  $  29,900
Indian River  $  61,900  $  49,520  $  30,950
Jackson  $  48,400  $  38,720  $  24,200
Jefferson  $  48,400  $  54,720  $  34,200
Leon  $  68,400  $  54,720  $  34,200
Marion  $  51,500  $  41,200  $  25,750
Martin  $  58,000  $  46,400  $  29,000
Okaloosa  $  71,500  $  57,200  $  35,750
Santa Rosa  $  62,000  $  49,500  $  31,000
St. Lucie  $  58,000  $  46,400  $  29,000
Wakulla  $  68,400  $  54,720  $  34,200
Walton  $  71,500  $  57,200  $  35,750

 

 

 


Contact us for more information

(800) 388-1970
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Participating Counties
Today's
Interest Rate!

5.00% Gov't./5.25% Conv.