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Homeownership Program

Escambia County Housing Finance Authority (ECHFA) helps homebuyers achieve their homeownership dream, which typically translates to Realtors seeing an increase in home sales.

We periodically launch new programs, so please be sure to revisit and bookmark our website as a resource when researching attractive Homeownership Programs for your clients.

Our homeownership program currently offers the following:



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 combined total fee not to exceed 1.00% 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 (Conventional) Propgram Option significantly lowers the cost of 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.
Homeownership Education Certificate Buyers utilizing the Freddie Mac HFA Advantage (Conventional) Program Option will be required to complete homebuyer education.
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 Down Payment Assistance and a Mortgage Credit Certificate from 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 Freddie Mac HFA Advantage (Conventional) Program Option.  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 $101,100. Purchase Price Limits range from zero up to $271,165 (up to $355,881 in Targeted Areas).

*All assistance program FEATURES are subject to change based on market conditions. Participating Lenders provide specific APR information as required by law. 




The following types of properties qualify for our Homeownership Program: realtor and couple

• Single-Family - Detached
• Single-Family - Attached
• Condominiums
• Townhomes



The property must be located within one of the following counties:

-    Alachuacounty map
-    Bay

 -   Bradford
-    Escambia

-    Franklin
-    Gadsden

-    Gulf

-    Hernando

-    Indian River

-    Jackson

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

-    Targeted Areas


Purchase Price

The total purchase price of a property may not exceed the Purchase Price Limits listed on the Participating Counties Map.

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.