Unlock Your Dream Home with 100% Financing

Making Homeownership a Reality for You
At Simons & Leoni Home Loans, we understand that the dream of owning a home can seem distant, especially for first-time buyers in underserved communities*. That’s why we’re proud to offer the HomeReady Special Purpose Credit Program, a unique initiative designed to turn your homeownership dreams into reality.
Empowering Your Journey
This program is more than just a loan; it’s a steppingstone towards a future where your home is a source of pride, comfort, and stability. Whether you’re starting a family, setting down roots, or looking for a place to call your own, we’re here to help you every step of the way.
KEY DETAILS

1st Mortgage
- 97% loan to value/purchase price
- 30-year fixed rate conventional mortgage

2nd Mortgage
- 3% loan to value/purchase price
- 20-year fixed rate mortgage, interest rate same as 1st mortgage
- Maximum loan amount of 2nd mortgage: $18,000

Interest Rate
Both mortgages will have the same LOW fixed interest rate.

Seller Contributions
Up to 5% of the Purchase Price can be contributed towards your closing costs and prepaid expenses.

Interest Rate
Both mortgages will have the same LOW fixed interest rate.

You May Have a Co-Borrower
If your co-borrower will not live in the property with you, a 2% down payment will be required.
Ready to Start Your Journey?
This Expanded Opportunity Loan
is Available in the Following Florida Counties:
Baker, Clay, Duval, Escambia, Gadsden, Hernando, Hillsborough, Jefferson, Leon, Nassau, Pasco, Pinellas, Santa Rosa, St. Johns, Wakulla
*Each County Has a Different
Area Median Income
Income Eligibility?
Please provide us with the property address so we can validate income limits eligibility.
Location | Income Limitations |
---|---|
If the property is located in a Majority Minority Census Tract (MMCT) | Less than 140% of Area Median Income |
If the property is located in a Low to Moderate Income area (LMI) | Less than 80% of Area Meddian Income |
Click the icon below to provide the property address so we can determine the income restrictions for any specific property.
TRANSACTIONS
THE NEXT STEPS

Provide us with a property address so we can determine income restrictions

Make an offer & sign a purchase contract
Contact Us for More Information or Assistance With Your
Application.
*EXAMPLE: Purchase Price $400,000. First Lien Details: Loan Amount $388,000. Interest Rate 6.875% (APR 7.438%), Monthly Principal & Interest Payment of $2,548.88. Monthly Mortgage Insurance of $197.23 for first 13 years. Taxes, Insurance, HOA Dues are not included in the payment listed, so total payment will be higher. Interest rate and payment are based on a 30-Year Fixed Rate, Credit Score 700 or above with a total DTI less than 45%. Second Lien Details: Loan amount $12,000. Interest Rate 6.875% (APR 6.875%). Monthly Principal & Interest Payment of $86.68. Interest Rate and Payment are based on a 20-Year Fixed Rate. Primary Residence, Detached Single Family property, Rate & Term Refinance Transaction. No Prepayment Penalty. Interest Rate effective 05/08/2024.Terms and Conditions apply. Not all borrowers will qualify. This is not an offer to lend. Subject to formal underwriting, credit, acceptable income, assets, and property appraisal. Guidelines, rates, and fees are subject to change without notice. Eligible in designated FL counties, and property must be located in an eligible census tract. Equal Housing Lender.
Licensed by the Florida Office of Financial Regulation – MLD# 1529 | Licensed by the Georgia Department of Banking and Finance - #GRMA# 21371 | Licensed by Oregon Division of Financial Regulation - #8768 | Licensed by the Washington State Department of Financial Institutions License #CL-8768 | NMLS #8768 | Equal Housing Lender