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Buy a Home of your Own

Tired of throwing money away by renting and ready to own a home, but think you don’t have enough cash? Well THINK AGAIN!!!

The Escambia County Housing Finance Authority (ECHFA) can help you come up with that cash through our Homeownership Program, helping you achieve your homeownership dream, whether it’s your first, second or fifth time around. You get the idea.

We periodically launch new programs, so please be sure to revisit and bookmark our website as a resource when researching attractive homeownership programs.




5.375% Low Interest Rate WITH Up to $7,500*, 30-Year Deferred Non-Interest Bearing Second Mortgage

Don’t wait. Afford a home now because a low interest rate means lower monthly mortgage payments. Keep your money for that all important emergency fund. Unlike most Second Mortgages, there are NO monthly payments.
Discount/Origination Fee The total combined fee to not exceed 1% of the principal loan amount.
Documentary Stamp Tax and Intangible Tax Yes, effective November 15, 2018, first and second mortgages are EXEMPT from Documentary stamp tax and Intangible tax.
Recapture Tax Yes, the Governmental loans are subject to the potential for Recapture Tax, view the Notice of Potential Recapture.

5.625% Low Interest Rate WITH Up to $7,500*, 30-Year Deferred Non-Interest Bearing Second Mortgage

The Freddie Mac HFA Advantage Program Option significantly, lowers the cost of the Mortgage Insurance over the term of the loan.  Unlike most Second Mortgages, there are NO monthly payments.
Origination Fee The origination fee not to exceed 1.00% of the principal loan amount.
Documentary Stamp Tax Yes, effective July 1, 2018, the first and second mortgages are exempt from documentary stamp tax.
Homeownership Education Certificate Buyers utilizing the Freddie Mac HFA Advantage (Conventional) Program Option will be required to complete homebuyer education.  Click here for an option for the required homebuyer education course.
Non-repayable Grant of $2,500 Borrowers at or below 50% of the Area Median Income (“AMI”) Limits, per Participating County, as published by Freddie Mac are eligible for an AIS Grant in the amount of $2,500.
Non-repayable Grant of $1,500 Borrowers above 50% of AMI Limits, per Participating County, as published by Freddie Mac, but at or below 80% AMI are eligible for an AIS Grant of $1,500.
Are these subsidies stackable? Yes, the borrower may receive the AIS Grant from Freddie Mac and DPA assistance and a mortgage credit certificate from the Escambia HFA.   
Available Programs The mortgage credit certificates are available in connection with any not to exceed 30 year, fixed rate mortgage loans, such as the 2012 Single Family (Governmental) Program or Freddie Mac HFA Advantage (Conventional) Program Options.  Click here for more information about the Mortgage Credit Certificate Program.
What is a Mortgage Credit Certificate? A Federal Tax Credit (not to exceed $2,000 per year) available each year that the borrower continues to live in the home financed under the Program.
Homeownership Education Certificate Each homebuyer must agree to participate in a Homebuyer Education Class approved by the Authority prior to being eligible to receive a mortgage credit certificate.
MCC Participating Counties Alachua, Bay, Bradford, Escambia, Gadsden, Indian River, Jackson, Leon, Marion, Martin, Okaloosa, Santa Rosa, St. Lucie, Wakulla and Walton.
Fixed Rate No surprise payment increases, allowing you to better budget your income.
30-Year Loan Term Keep monthly mortgage payments low since they are spread across 360 months.
First-Time Homebuyers or
Former Homeowners 
Unlike most Homeownership Programs, this one isn’t just for first-time homebuyers. Anyone who hasn’t owned a home in the last 3 years may participate.
Multi-County Don’t be fooled by our name. We don’t just serve Escambia County. We currently serve 19 Counties across Florida.
Military Veteran Support As a ‘thank you’ to our veterans, the first-time homebuyer requirement is waived for honorably discharged military veterans as defined in 38 U.S.C. 101.
Non-First Time Homebuyer Select a home in a designated Targeted Area and the first time homebuyer requirement is waived.
Income/Purchase Price Limits Not for just low income housing. Maximum Income Limits range from $62,500 up to $100,100. Purchase Price Limits range from zero up to $271,165 (up to $355,881 in Targeted Areas).

*All program FEATURES are subject to change. Second Mortgage funds only to be used towards down payment and/or closing costs. Participating Lenders provide specific APR information as required by law.


-    Alachua

-    Bay
county map-    Bradford

-    Escambia

-     Franklin 
-    Gadsden

-    Gulf

-    Hernando

-    Indian River

-    Jackson

-    Jefferson
-    Leon
-    Marion
-    Martin
-    Okaloosa
-    Santa Rosa
-    St. Lucie
-    Wakulla
-    Walton 

-    Targeted Areas


For more information call us at 800-388-1970 or 850-432-7077.

Contact us for more information

(800) 388-1970
For Homebuyers
For lenders
For Developers
Participating Counties
Interest Rate!

5.375% Gov't./5.625% Conv.