News & Information: REALTOR® News

ORRA helps launch downpayment assistance program

Wednesday, March 22, 2017  
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insert Housing Floridians announcement event
ORRA President Bruce Elliott (center) joins Housing Floridians officials WD Morris (left) and Arthur Fleming (right) to announce a new downpayment assistance resource available for residents of Orange and Seminole counties through October.

Income-qualified buyers looking for homes in Orange and Seminole counties now have access to a new program able to provide $11,250 to $22,500 in downpayment assistance.

The Housing Floridians program officially launched during an announcement event held at ORRA; funds are available immediately but the program expires in October, 2017.

"ORRA and its charitable arm, the Orlando Regional REALTOR® Foundation, are dedicated to efforts that support homeownership affordability, especially in service to our area's veteran, workforce, and first-time buyer populations," says ORRA President Bruce Elliott, Regal R.E. Professionals LLC. "As property values in Orlando continue their upward march and the inventory of affordable homes continues to shrink, downpayment assistance programs play an ever greater role in helping many buyers fulfill the dream of homeownership."

Learn more

Who And What Properties Are Eligible?

• Households earning 80 percent or less than the area median income (a calculator is available on the program's website)

• Properties within Brevard, Clay, Duval, Hillsborough, Lake, Miami-Dade, Orange, Osceola, Pasco, Pinellas, Polk, and Seminole counties

• Properties for purchase must serve as the primary residence

How Does The Program Work With My Customers?

• Your customer can visit to learn about the program and see if they qualify

• Customers will then contact one of the participating FHLBank Atlanta members listed on the site to begin the mortgage application process

• FHLBank Atlanta member will originate the first mortgage and deliver to your customer additional grant funds that can be used to assist with a home purchase

Read or print a flier

ORRA Partners
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View the full list of ORRA Partners.