Will I be required to pay this loan back?

The City of Deltona will place a 15-year non-interest bearing mortgage on the property. If the house is sold, transferred, rented, or if the homeowner(s) obtain additional liens on the property within the 15-year life of the mortgage, you will have to pay the money back. Additional default scenarios will be provided to you prior to application approval. If you remain in your home for 15 years the mortgage will be forgiven in full.

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1. What is the Owner Occupied Rehabilitation Program?
2. Will I be required to pay this loan back?
3. Are there any properties that cannot participate in this program?
4. What is considered income?
5. Will be required to attend a Class?
6. How long does the process take?
7. How do I apply for assistance under this program?