PFA Grant Quick Check
🏡 PFA Grant Eligibility Analyzer
Screen whether a client may fit basic PFA Grant rules. This is not a final loan or program approval.
Client Inputs
Eligibility Checklist
✓ Income between $55,000 and $120,000
✓ Credit score at least 580
✓ Debt-to-income ratio at or below 50%
✓ Property will be a primary residence
✓ Buyer is a first-time buyer
✓ Eligible residency status: Citizen, Resident, or TPS
✓ Loan type is FHA, HomeReady, or HomePossible
✓ Purchase price at or below $600,000
Pros
- ✓ May reduce the cash needed for down payment.
- ✓ Can help eligible buyers move forward sooner.
- ✓ May be paired with eligible FHA or approved conventional assistance options.
- ✓ Useful for clients who qualify but need help with upfront funds.
Review Items
- • Final approval depends on lender and program underwriting.
- • Program availability, rate, assistance amount, and guidelines may change.
- • Using assistance may come with different pricing or monthly payment than a loan without assistance.
- • Property, occupancy, income, credit, DTI, and documentation must be verified.
Overview
The PFA Grant may help eligible FHA buyers cover part of the required down payment through a forgivable grant funded by the Public Finance Authority and administered through a participating lender.
This is not an automatic approval or commitment to lend. Program availability, rates, assistance amount, eligible states, lender participation, and costs can change. A qualified lender must compare this option against other available assistance or gift-fund options.
Benefits
May offer 2% or 3.5% of the purchase price toward down payment assistance when the buyer, property, loan, and lender all meet current program guidelines.
Eligible counties: Miami-Dade, Broward, Palm Beach, Florida
Designed for: First-Time Homebuyer, Other
Eligibility
Use a participating lender or program administrator
Use eligible FHA financing
Meet credit, income, occupancy, and underwriting requirements
Complete required homebuyer education or counseling when required
Understand that using the grant may come with a higher interest rate or higher monthly payment than financing without assistance
Required Documents
Photo ID
Income documents
Bank statements
Mortgage pre-approval
Purchase contract
Homebuyer education or counseling certificate when required
Program grant disclosures
Step-by-Step Process
Review official source
Speak with a participating lender
Confirm eligibility
Prepare documents
Request pre-approval
Submit official application
Common Mistakes
Assuming approval before the official administrator reviews the file.
Missing income, lender, property, or location requirements.
Not checking current funding availability before making an offer.
FAQ
Can Yanelis guarantee approval? No. Approval is determined by the program administrator or participating lender.
Can program rules change? Yes. Program funding, income limits, property limits, lender requirements, and eligibility rules can change.