Florida Homeownership Loan Program (FL HLP) Checklist
A step-by-step checklist for consumers applying for the Florida Homeownership Loan Program (FL HLP) in 2025.
Confirm Your Eligibility
- Ensure your household income is within the program’s limits, which vary based on county and family size.
- Verify that your credit score meets the program’s minimum requirement, typically 640 or higher for most loan types. Additional conditions may apply depending on your assigned Loan Officer.
- Confirm that the property you plan to purchase is within the program’s price limits and will serve as your primary residence.
- Check if you meet any additional eligibility criteria, such as being a first-time homebuyer or purchasing in a designated area.
Prepare Necessary Documentation
- Collect proof of income, such as recent pay stubs, W-2 forms, or documentation for other income sources.
- Gather your tax returns for the past two years, including all schedules and attachments.
- Obtain bank statements for the last two to three months for all financial accounts.
- Prepare property details, such as the address, purchase agreement, and sale price.
- Compile additional documents requested by your Loan Officer, such as verification of debts, liabilities, or proof of assets.
Work with Your Assigned Loan Officer
- Your assigned Loan Officer is available to guide you through the Florida Homeownership Loan Program application process.
- Schedule a meeting or phone call with your Loan Officer to confirm eligibility, discuss program details, and outline the application steps.
- Ask questions about the program benefits, required documentation, or the timeline for approval.
- Follow your Loan Officer’s guidance to gather and submit all required materials promptly and accurately.
Complete Your Application
- Collaborate with your Loan Officer to accurately complete your application for the Florida Homeownership Loan Program.
- Submit all necessary documents to verify your eligibility for the program.
- Carefully review your application with your Loan Officer to ensure all information is accurate and complete before submission.
- If required, attend a homebuyer education course to fulfill the program’s requirements.
Finalize Your Enrollment
- Sign all required documents provided by your Loan Officer to secure your participation in the program.
- Prepare for any additional costs not covered by the program assistance, such as closing fees or prepaid items.
- Receive confirmation of your enrollment and detailed instructions on how the assistance will be applied to your down payment or closing costs.
Maintain Compliance with Program Terms
- Ensure that the purchased property remains your primary residence for the duration specified by the program guidelines.
- Notify your Loan Officer immediately if you plan to sell, refinance, or make changes to your mortgage, as these actions may impact your program benefits.
- Stay updated on program requirements or changes to maintain compliance and retain your assistance benefits.