St. Petersburg Times Online: Pasco County news
TampaBay.com
Place an Ad Calendars Classified Forums Sports Weather
tampabay.com

printer version

Home buying for health workers

The Housing Finance Authority of Pinellas County is now offering help for first-time buyers in the medical field.

By JENNIFER GOLDBLATT, Times Staff Writer
© St. Petersburg Times
published November 24, 2002


It's a great time to be a health care worker. You have lots of job prospects, and hospitals will pay your way through school.

Now, you can even get help buying a home.

The Housing Finance Authority of Pinellas County, which for years has offered low-rate home loans to teachers, police officers and firefighters, is now offering the same help to nurses, physician assistants, pharmacists and other health care professionals.

Here are the programs:

Low Down Payment: The program requires a down payment of $500 or 1 percent of the value of the house, whichever is less. The mortgage carries a fixed interest rate of 5.85 percent. If you cannot afford that down payment, you can get a grant for up to 4 percent of the value of the house to use as a down payment. If you do, the mortgage will carry a fixed 6.5 percent interest rate.

SHIP-Assisted Loans: If you have a lower income, you can get a grant for the down payment of 5 percent of the mortgage, plus an interest rate of 5.85 percent.

In order to qualify, a health care worker must be a first-time home buyer and meet the program's income and sale price limits.

A household with up to two people must have an income no higher than $51,800. For a household with three or more people, income cannot exceed $59,570. The sale price of a newly built home cannot exceed $145,339. For an existing home, the price can be no more than $117,763. For more information, call 727-464-8240.

Back to Pasco County news

Back to Top

© 2006 • All Rights Reserved • Tampa Bay Times
490 First Avenue South • St. Petersburg, FL 33701 • 727-893-8111