Brevard County Housing Programs - Purchase Assistance Program

Brevard County Purchase Assistance Program is designed to assist very low, low & median income families achieve affordable home ownership.

Brevard County does not discriminate on the basis of race, creed, color, religion, age, sex, familial status, national origin, or handicap.

Unit Eligibility

  • Must be located in Brevard County.
  • Can be a new home or an existing home. The assistance may not be used to purchase a manufactured home.
  • It will be the responsibility of the buyer to hire a reputable home inspector to identify any code-related repairs such as roof, plumbing and electrical.
  • Proposed monthly mortgage payment cannot exceed buyer's affordability ratios (front-end 34%/back-end 42%). Contact C.H.I. for these amounts. (321) 253-0053.

Homebuyer Eligibility

  • First time homebuyers only (not having ownership interest in the past three (3) years).
  • Must have the ability to secure first mortgage financing:
  • Conventional, FHA, and VA are all acceptable; 30 year fixed rate. MORTGAGE LOAN MUST BE AT CURRENT MARKET INTEREST RATES. If the buyer cannot get a mortgage loan at a current interest rate, C.H.I. will first assist the buyer in correcting credit issues.
  • Liquid assets (savings, checking, CD's, treasury bonds, money market, savings bonds, etc.) can not exceed $15,000.
  • Must attend a 5 hour Homebuyer Education workshop. Contact C.H.I. for date and time, (321) 253-0053.
  • Maximum sales price and income limits apply. Contact C.H.I. for these amounts at (321) 253-0053.

Homebuyer's Contribution

  • Applicants must make a MINIMUM GOOD FAITH CONTRIBUTION, based upon their income bracket:
  • Out of Pocket expenses paid before closing are considered as part of the applicant's contribution (i.e. appraisal fees, credit reports, deposits, homeowner's insurance premium, etc);
  • At closing, the minimum contribution must be satisfied on the settlement statement.
  • The lender may require more contribution.
Homebuyer's Contribution Chart
Income LimitsMinimum Contribution
Very Low (50% or less of AMI)$500
Low Income (51% - 80% of AMI)$1000
Maximum Assistance Level
Income LimitsMaximum Assistance
Very Low (50% or less of AMI)$75,000
Low (51% - 80% of AMI)$60,000

Please Note: The actual amount of assistance provided would be the minimum needed to get an affordable housing unit. WE WILL NOT OVER SUBSIDIZE ANY HOUSEHOLD.

Second Mortgage

The assistance provided to each homebuyer will be in the form of a second mortgage. The second mortgage will be recorded in the Public Records of Brevard County. It is a Deferred Payment Loan (DPL) at zero percent (0%) interest or repayable for moderate income clients.

In the event of default the loan must be repaid in full to Brevard County.

For More Information

Community Housing Initiative

Lisa Walters or Dorcy Normandia
PO Box 410522
Melbourne, FL 32941-0522
Phone: (321) 253-0053
Fax: (321) 253-1575

www.ChiBrevard.org