Hey there! Navigating the journey to homeownership can feel overwhelming, but knowing about the right assistance programs can make all the difference. Let’s explore some options available in Bonita Springs and the broader Lee County area that might help you take that exciting step into owning your first home.

Lee County HOME Down Payment Assistance Program

This program is designed to assist first-time homebuyers in purchasing existing homes throughout Lee County, which includes Bonita Springs.

Funding Source

Federal funds are allocated through Lee County’s Department of Human Services.

Eligibility Criteria

• Purchase an existing single-family home, condo, PUD, or qualifying mobile/manufactured home (1978 or newer on owned land).
• The property must have had its Certificate of Occupancy issued at least one year prior to application.
• Maximum purchase price: $309,000 (as of July 1, 2023).
• Applicants must occupy the property as their principal residence and not own any other homes at the time of application.
• Completion of a Homebuyer Education Workshop from a HUD-approved housing counseling agency is required.

Benefits

• Assistance covers a portion of the down payment and closing costs, up to 10% of the purchase price or $24,500, whichever is less.

Potential Drawbacks

• The application process can take up to 4 to 6 weeks.
• Funds are limited and available on a first-come, first-ready basis.

For more details and to access the application, visit the Lee County HOME Down Payment Assistance Program.

Partnership in Housing, Inc.

Serving the Bonita Springs area, this organization offers down payment assistance and homebuyer education through the HOME and SHIP programs.

Funding Source

Federal (HOME) and State (SHIP) funds.

Eligibility Criteria

• Varies based on specific program guidelines.
• Generally aimed at low to moderate-income first-time homebuyers.

Benefits

• Financial assistance for down payments.
• Access to homebuyer education courses to prepare for homeownership.

Potential Drawbacks

• Specific eligibility requirements may limit availability.
• Funding is subject to availability and may change.