1830 N Main St
Jacksonville,
Florida 32206
P 904.354.4673
F 904.407.3729
First Time Home Buyer Informational Packet
Page 1 of 14
The Home Buying Process
1. APPLY – Turn in a completed application, along with $25 fee ($35 with co -applicant), at which
time a tri-merge credit report will be pulled.
2. CREDIT ASSESSMENT – Personally conducted by one of Operation New Hope’s Certified
Housing Counselors.
3. TYPICAL MORTGAGE PREQUALIFICATIONS

Minimum 1-2 year consecutive employment dependent on the loan

Minimum credit score of 620 or better

Debt to income ratio of 45% or lower

Within Area Median Income of the corresponding county
4. LENDER – qualified applicants are paired with a city-approved lender; unqualified applicants
are enrolled in Operation New Hope’s credit repair program.
5. PRE APPROVAL – A letter is issued by the city-approved lender indicating the qualified
mortgage amount for the applicant.
6. SELECT A HOME – Set up an appointment to view any available properties or new
construction lots.
7. CONTRACT – A $500.00 deposit is required to secure a 60 day contract for a home and
$375.00 is due when the initial inspection is scheduled. During this time, a home inspection
and walk through will take place. Also, a quote for homeowner’s insurance will be
requested.
8. HOME BUYER COURSE – Enroll and complete an 8-hour home buyer course through one of
the designated providers (cost for the course: $50).
9. CLOSE – Congratulations
*Process will vary for those working directly with a realtor or lender.
First Time Home Buyer Informational Packet
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Subsidies
Operation New Hope assists individuals through its access to low interest financing , grant and
bond money, as well as subsidies available to first-time home buyers and those falling within the
Area Median Income (AMI) range.
The Head Start to Homeownership Program (H2H)

Total household income cannot exceed 80% the Area Median Income

Up to $15,000 interest-free, subsidized second mortgage, where after 15 years of owneroccupancy the debt is forgiven, however repayment is required in full if the dwelling is
sold within the 15 year timeframe.

$500 down payment and $375 due when an inspection is scheduled

Mandatory 8-hour homebuyer information course
Florida Assist – Down Payment Assistance Program

Total household income cannot exceed 120% AMI

Receive up to $7,500 interest free

No repayment unless the home is sold

No down payment is required

Mandatory 8-hour homebuyer information course required
First Time Home Buyer Informational Packet
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Program Income Limits
DUVAL COUNTY AREA ME DIAN INCOME LIMITS
HOUSEHOLD
SIZE
50% OF
MEDIAN
60% OF
MEDIAN
70% OF
MEDIAN
80% OF
MEDIAN
100% OF
MEDIAN
120% OF
MEDIAN
1 PERSON
22,200
26,640
31,080
35,500
44,400
53,280
2 PERSONS
25,350
30,420
35,490
40,550
50,700
60,840
3 PERSONS
28,500
34,200
39,900
45,600
57,000
68,400
4 PERSONS
31,650
37,980
44,310
50,650
63,300
75,960
5 PERSONS
34,200
41,040
47,880
54,750
68,400
82,080
6 PERSONS
36,750
44,100
51,450
58,800
73,500
88,200
7 PERSONS
39,250
47,100
54,950
62,850
78,500
94,20
8 PERSONS
41,800
50,160
58,520
66,900
83,600
100,320
SUBSIDY CHART BY I NCOME CATEGORIES
HOUSEHOLD
SIZE
1 PERSONS
2 PERSONS
3 PERSONS
4 PERSONS
5 PERSONS
6 PERSONS
7 PERSONS
8 PERSONS
#1
50% - 59%
$22,200 - $26,639
$25,350 - $30,419
$28,500 - $34,199
$31,650 - $37,979
$34,200 - $41,039
$36,750 - $44,099
$39,250 - $47,099
$41,800 - $50,159
#2
60%-80%
$26,640 - $35,500
$30,420 - $40,50
$34,200 - $45,600
$37,980 - $50,650
$41,040 - $54,750
$44-100 - $58,880
$47,100 - $62,850
$50,160 - $66,900
#3
81%-120%
$35,501 - $53,280
$40,551 - $60,840
$45,601 - $68,400
$50,651 - $75,960
$54,751 - $82,080
$58,801 - $88,200
$62,851 - $94,200
$66,901 - $100,320
MAXIMUM SUBSIDY PROVIDED PER CATEGORY
CATEGORY 1
CATEGORY 2
CATEGORY 3
*50% - 59%
60% - 80%
81% - 120%
= $15,000 subsidy
= $12,500 subsidy
= $10,000 subsidy
*lower incomes are allowed if the applicant can meet the lender and program underwriting guidelines.
First Time Home Buyer Informational Packet
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HOUSING CONTACTS
CITY APPROVED LENDING
INSTITUTIONS
PARTICIPATING LENDERS
Bank of America
Tina Habhegger
Kevin Koscinski
Mimi Poindexter
349-3480
218-4195
218-4196
Branch Banking & Trust Co.
Sarah Dairymple
Tom Lemmon
Sande Libert
992-7322
880-6452
545-6562
Coastline Home Mortgage
Russell Burdsall
538-3840
Tom Correia
421-4617
Steven Hendren
421-4614
Amy Kedoshay
421-4635
Anita Knight
421-4620
Ryan Kotek
899-5905
Matthew Munn
421-4638
Jeff Nootens
899-5914
Ronald Peterson
421-4629
Laura Philosophos
538-3840
ext. # 4621
Janet Tellier
538-3840
ext. # 4624
EverBank
Tammy Bacmeister
Rainy Holzworth
Ken Jones
William Milne
David Mordecai
Eddie Smith
553-8219
623-8754
564-0353
465-4987
993-5521
563-4055
FBC Mortgage
562-2058
Fifth Third Mortgage
Theresa Warren
463-3997
First Guaranty Mortgage
Aaron Bacus
323-4131
Freedom Mortgage
Alvah Lamar Allen
Crystal Bernier
Jim DelVecchio
Meloney Younger
First Time Home Buyer Informational Packet
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866-8080
437-8234
517-2693
334-1213
HomeBridge Financial
Jamie Zeitz
710-1744
Integrity Mortgage
George Mateo
349-3320
ResMac Mortgage
Adam Klayman
Marc Navarra
Kelly O’Brien
728-4850
318-4591
568-4810
Sagamore Home Mortgage
Libby Ford
Marsha Hart
Judy Shuster
695-1012
695-1012
705-7672
SunTrust Mortgage
Chris Clemente
Dan Gutshall
Jose Mesones
945-3929
838-3400
483-4116
Home B uying Course Providers and Approved
Housin g Counsel ors (8 H OUR C O URSE)
CCCS of Jacksonville DBA
Family Foundations of Northeast Florida, Inc.
1639 Atlantic Blvd
Jacksonville, Florida 32207
Ph. 904.396.4846
www.familyfoundations.org
Jacksonville Urban League
903 W Union St
Jacksonville, Florida 32204
Ph. 904.723.4007
1st & 3rd Saturday of the month
First Time Home Buyer Informational Packet
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Se c o n d C h a n c e H e lp C e n t e r ( F l. B o n d P r o g r a m )
1 7 0 9 H e l e n a St r e e t
J a c k s o n v i l l e , Fl o r i d a 3 2 2 0 8
Ph. 904.616.3113
W e a lt h W a t c h e r s , I n c .
1 2 2 5 W B e a v e r St r e e t
J a c k s o n v i l l e , Fl o r i d a 3 2 2 0 4
Ph. 904.265.4736
www.wealthwatchersfl.com
Housin g & Ur ban Development Approved
Foreclosure Counseling Agencies
CCCS of Jacksonville DBA
Family Foundations of Northeast Florida, Inc.
1639 Atlantic Blvd
Jacksonville, Florida 32207
Ph. 904.396.4846
www.familyfoundations.org
Jacksonville Urban League
903 W Union St
Jacksonville, Florida 32204
Ph. 904.723.4007
Neighborhood Assistance Corporation of
America (NACA)
5800 Beach Blvd
Jacksonville, Florida 32207
Ph. 904.306.9272
www.naca.com
First Time Home Buyer Informational Packet
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Wealth Watchers, Inc.
1225 W Beaver Street
Jacksonville, Florida 32204
Ph. 904.265.4736
www.wealthwatcher sfl.com
Jacksonville Area Legal Aid, Inc.
126 W Adams Street
Jacksonville, Florida 32209
Ph. 904.356.8371
www.jaxlegalaid.org
Homes
All ONH Development homes are being built as three or four bedroom homes that include
Master Suites with walk-in closets; Two full bathrooms or two and a half bathrooms; Energy Star rated certified; Appliance package included with range, refrigerator, dishwasher, washer and
dryer; Pre-wired for security system; Pre-wired for cable and phone; Garage options, car port or
off-the-street parking; and Interior and exterior color choices for homes contracted during pre construction.
First Time Home Buyer Informational Packet
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Amenities

Walk-in closets

Security floodlights

Covered porch

Ornamental railings/porch columns

Brushed nickel hardware

Termite bonding

Ceiling fans

Concrete driveway & sidewalks

Carpet and/or hardwood

Kenmore appliances (refrigerator, dishwasher,
range, washer/dryer)

Six-panel steel entry doors

Pre-wired security system monitoring &
cable/Internet

Efficient Heating and Cooling Equipment

High-performance Low-E Windows
Upgrades
For homes contracted pre -construction

Interior/exterior color choices

Counter-top selection

Flooring selection

Appliance selection

Fixture selection
First Time Home Buyer Informational Packet
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Models
T he Garrard
624 Blo dgett Lane
Features

4 bedrooms, 2 bathrooms

1,375 sq ft (heated)

Carport

Master suite

Large open kitchen with breakfast bar
T he Mo ntgom er y
1022 S peari ng St reet
Features

3 bedrooms, 2 bathrooms

1,375 sq ft (heated)

Carport

Master suite

Large open kitchen with breakfast bar
First Time Home Buyer Informational Packet
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The Scangarello
954 Spearing Street
Features:

3 bedrooms, 2 baths

1356 Square Foot (Heated)

Master Suite

Large open kitchen with breakfast bar
Neighborhoods
ONH Development works in two primary suburbs of Jacksonville:
Historic Springfield
The Springfield Historic District is located in northwest Jacksonville and is directly adjacent to
downtown. Springfield is one of Jacksonville’s oldest neighborhoods, with more than two-thirds
of its homes predating 1921. Springfield is also one of only two Jacksonville neighborhoods
enjoying local historic designation and protection. Today, Springfield is enjoying a revival and
resurgence in population and interest; new housing construction mirrors historic architectural
styles found throughout the district, while Main and Eighth Streets are undergoing and
embracing new commercial development. Since 1999, we have restored over 50 homes in
Historic Springfield.
Southern Living Magazine listed historic Springfield as one of ‘the south’s best
come back neighborhoods’
First Time Home Buyer Informational Packet
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East Jac kson ville
The neighborhood of East Jacksonville is seated upon the ground of Jacksonville’s original
settlement, Cowford, established in the early 1800s. Located two miles from the heart of
Jacksonville’s downtown business district, East Jacksonville is close to Everbank Field, the
Veteran’s Memorial Arena, the Jacksonville Fairgrounds and downtown. Since 2006, we have
built and sold over 26 homes in East Jacksonville.
First Time Home Buyer Informational Packet
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Future Community
Development
Operation New Hope intends to continue its efforts of community revitalization throughout
Historic Springfield and the Eastside. Efforts to improve the quality of life for the community rest
with the ability to provide affordable housing to residents – Operation New Hope is dedicated to
this effort.
Operation New Hope, in conjunction with the City of Jacksonville and several local
area CDC’s is planning a commercial revitalization and multifam ily housing effort
for summer, 2011.
First Time Home Buyer Informational Packet
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FAQ
Q: HOW DO I APPLY?
A: There are several ways to apply: Call (904)354-4673 and ask to speak with an ONH housing
specialist; or stop by the ONH Development office at 1830 N Main St., Jacksonville, FL 32206.
Q: HOW MUCH WILL MY MORTGAGE PAYMENT BE?
A: Operation New Hope’s average homebuyer mortgage, including insurance and property tax, is
$800 per month. However, payments may be higher or lower dependant on the price of the
home, amount of subsidy allocated, interest rates and available tax credits or deductions
available. Once a home or model is chosen and preapproval is documented, a housing counselor
will be able to provide an estimated mortgage payment.
Q: WHAT ARE THE CREDIT REQUIREMENTS?
A: While housing markets and interest rates change daily, credit score requirements often
change, too. Operation New Hope’s in-house credit counselors work closely with applicants to
ensure the best outcome for applicants. Even those with less-than perfect credit can attain
homeownership with assistance.
Q: DO I MEET THE INCOME CRITERIA?
A: Working with city, state and federal subsidy programs, Operation New Hope uses mixed
income guidelines to secure homebuyers up to $30,000 for down payment and closing cost
assistance. Qualifications vary, dependant on the household size: For example, a family of three,
living in Duval County with a yearly income of $28,500 to $45,600 qualifies for subsidy
assistance, however the amount of assistance allocated is dependant on the total am ount
available.
First Time Home Buyer Informational Packet
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