Down Payment Assistance Florida Program Information

2016-2017 Programs are available for the use of Florida down payment assistance and/or closing costs.  These popular programs are listed below. Most programs are available on a first come first served basis and are available throughout most of Florida. This is not an all-inclusive list.

These programs require a 30 year fixed mortgage to be combined with the selected Florida down payment assistance programs.  First time home buyer is typically defined as not owning a home in the last 3 years.  There may be other options if you are not a first time home buyer.

Most programs will use income and purchase price limits to determine eligibility.  Please fill out an inquiry form for additional information, there’s no obligation.

Please Call  (305) 570-7529

~~HHF PROGRAM~~ $15,000 IN DOWN PAYMENT FUNDS AVAILABLE             CLICK TO INQUIRE

• The 11 counties are Brevard, Clay, Duval, Hillsborough, Orange, Osceola, Pasco, Pinellas, Polk, St Lucie, and Volusia
• $15,000 in down payment funds forgiven at the rate of 20% per year and FULLY FORGIVEN AFTER YEAR 5 as long as you live in the home as your primary residence.
• 30 fixed rate mortgage
• Minimum credit score 640+ middle score for 95% loan to value
• Minimum credit score 680 + middle score for 95%- 97% loan to value
• Home buyer education required
• Discount on monthly mortgage insurance for those that qualify
• Annual Income limits and purchase price limits do apply
• Non- occupant cosigners not permitted
• Owner occupied, single family properties
• Townhomes or Condos (Condos must be prior approved)
• Cash back is not allowed at closing

CONVENTIONAL HFA PREFERRED LOAN              CLICK TO INQUIRE

• 30 year fixed rate mortgage
• $7,500 in assistance to help with down payment assistance Florida and/or closing costs
• Minimum credit score 640+ middle score for 95% LTV
• Minimum credit score 680+ middle score for 97% LTV
• Available statewide
• Home buyer education required
• Discount on mortgage insurance for those that qualify
• Income limits and purchase price limits do apply
• Co-signers are not permitted
• Owner-occupied, 1 unit properties
• Town homes or Condos (Condos must be prior approved)
• New construction or foreclosures okay

FHA w/Florida Assist                                             CLICK TO INQUIRE

• 30 year fixed rate mortgage
• $7,500 to help with down payment assistance Florida and /or closing costs —-also under the conventional FHA program
• Minimum credit score 640+ middle score
• Available statewide
• Home buyer education required
• Income limits and purchase price limits do apply
• First time home buyer requirement applies to all borrower{s) and spouses
• No cash back at closing
• Co-signers are not permitted
• Owner-occupied, 1 unit properties
• Town homes or Condos (Condos must be prior approved)
• New construction or foreclosures okay

CONVENTIONAL HFA PREFERRED PLUS LOAN     CLICK TO INQUIRE

• 30 year fixed rate mortgage
• 3% grant based on purchase price to help with down payment assistance Florida and/or closing costs
• Minimum credit score 640+ middle score for 95% LTV
• Minimum credit score 680+ middle score for 97% LTV
• Available statewide
• Home buyer education required
• Discount on mortgage insurance for those that qualify
• Income limits and purchase price limits do apply
• Co-signers are not permitted
• Owner-occupied, 1 unit properties
• Town homes or Condos (Condos must be prior approved)
• New construction or foreclosures okay
• Higher income limits than most programs
• Veterans do not have to be first time home buyer
• Must be first time home buyer (except Veterans)
• May qualify for reduced private mortgage insurance
• Program excludes: ( Brevard, Clay, Duval, Hillsborough, Orange, Osceola, Pasco, Pinellas, Polk, St. Lucie, Volusia Counties.)

MATCHING GRANT – First time home buyer grant               CLICK TO INQUIRE

• $5000 maximum subsidy
• 4 to 1 ratio. For every $1, grant provides up to $4, up to the maximum of $5,000
• Minimum contribution is $1,000
• Owner-occupied, 1 unit properties
• Town homes or Condos ( condos must be prior approved)
• New construction or foreclosures okay
• Must be first time home buyer – not have owned a home in the last 3 years
• Available statewide
• Income limits and purchase price limits apply

MATCHING GRANT – Community Partners                 CLICK TO INQUIRE

• $7500 maximum subsidy
• Must be one of the following:
• Current or retired law enforcement officer
• Educator
• Firefighter
• Healthcare worker
• Those who are serving or have served in any branch of the US Military, or their surviving spouses
• Other first responders
• Do not have to be a first time home buyer
• 4 to 1 ratio. For every $1, grant provides up to $4, up to the maximum of $7500
• Minimum contribution is $1,000
• Owner-occupied, 1 unit properties
• Town homes or Condos ( Condos must be prior approved)
• New construction or foreclosures okay
• Available statewide
• Income limits and purchase price limits apply
• Minimum credit score 640+ middle score
• Homebuyer counseling required

USDA/Rural Development Loans                                  CLICK TO INQUIRE

• 100% loan – no down payment required
• Property must be in eligible area
• Income limits do apply – higher than most programs
• Minimum credit score 640+ middle score
• Lower MI rates than Conventional or FHA loans
• Home buyer counseling required
• Owner-occupied, 1 unit properties
• Town homes or Condos (Condos must be prior apprioved)
• New construction or foreclosures okay

VA Loans                                                                       CLICK TO INQUIRE

• 100% loan – no down payment required for those that qualify
• No monthly MI
• Owner-occupied, 1 unit properties
• Town homes or Condos (Condos must be prior approved)
• New construction or foreclosures okay
• Minimum credit score 640+ middle score
• The length of your service or service commitment and/or duty status may determine your eligibility

 

Florida Down Payment Assistance News

Down Payment Assistance & Affiliates Release Update to 2015 Matching Grant Program for All Florida Residents

Down Payment Assistance & Affiliates Make Bold Move Entering the State of Florida effective immediately

 


Down Payment Assistance Florida Cities served (if you do not see your city listed, feel free to call; it may not be listed yet)
Alachua Altamonte Springs Andover Apollo Beach Apopka Arcadia Atlantic Beach Auburndale Aventura Avon Park Azalea Park Bartow Bayonet Point Bayshore Gardens Beacon Square Bee Ridge Bellair-Meadowbrook Terrace Belle Glade Bellview Beverly Hills Bloomingdale Boca Del Mar Boca Raton Bonita Springs Boynton Beach Bradenton Brandon Brent Broadview Park Brooksville Brownsville Callaway Cape Canaveral Cape Coral Carol City Casselberry Century Village Cheval Citrus Park Citrus Ridge Clearwater Clermont Clewiston Cocoa Cocoa Beach Coconut Creek Collier Manor-Cresthaven Conway Cooper City Coral Gables Coral Springs Coral Terrace Country Club Country Walk Crestview Cutler Cutler Ridge Cypress Gardens Cypress Lake Dade City Dania Beach Davie Daytona Beach De Bary De Land Deerfield Beach Delray Beach Deltona Destin Doctor Phillips Doral Dunedin East Lake East Perrine Edgewater Eglin AFB Egypt Lake-Leto Elfers Englewood Ensley Estero Eustis Fairview Shores Fern Park Fernandina Beach Ferry Pass Florida City Florida Ridge Forest City Fort Lauderdale Fort Myers Fort Myers Beach Fort Pierce Fort Pierce North Fort Walton Beach Fountainbleau Fruit Cove Fruitville Gainesville Gibsonton Gifford Gladeview Glenvar Heights Golden Gate Golden Glades Golden Lakes Goldenrod Gonzalez Goulds Greater Carrollwood Greater Northdale Greater Sun Center Greenacres Gulf Gate Estates Gulfport Haines City Hallandale Hamptons at Boca Raton Hernando Hialeah Hialeah Gardens Hobe Sound Holiday Holly Hill Hollywood Homestead Homosassa Springs Hudson Hunters Creek Immokalee Indian Harbour Beach Inverness Inwood Iona Islamorada Ives Estates Jacksonville Jacksonville Beach Jasmine Estates Jensen Beach Jupiter Kendale Lakes Kendall Kendall West Key Biscayne Key Largo Key West Keystone Kings Point Kissimmee Lady Lake Lake Butter Lake City Lake Lorraine Lake Lucerne Lake Magdalene Lake Mary Lake Park Lake Wales Lake Worth Lake Worth Corridor Lakeland Lakeland Highlands Lakes by the Bay Lakeside Lakewood Park Land O’ Lakes Lantana Largo Lauderdale Lakes Lauderhill Laurel Leesburg Lehigh Acres Leisure City Lighthouse Point Live Oak Lockhart Longboat Key Longwood Lutz Lynn Haven Maitland Mango Marathon Marco Island Margate Marianna McGregor Meadow Woods Medulla Melbourne Melrose Park Memphis Merritt Island Miami Miami Beach Miami Lakes Miami Shores Miami Springs Micco Middleburg Milton Mims Miramar Mount Dora Myrtle Grove Naples Naples Park Neptune Beach New Port Richey New Port Richey East New Smyrna Beach Niceville Norland North Andrews Gardens North Bay Village North Fort Myers North Lauderdale North Miami North Miami Beach North Palm Beach North Port North Sarasota Oak Ridge Oakland Park Ocala Ocoee Ojus Oldsmar Olympia Heights Opa-locka Opa-locka North Orange City Orange Park Orlando Orlovista Ormond Beach Ormond-By-The-Sea Oviedo Pace Palatka Palm Bay Palm Beach Palm Beach Gardens Palm City Palm Coast Palm Harbor Palm River-Clair Mel Palm Springs Palm Valley Palmetto Palmetto Estates Panama City Panama City Beach Parkland Pembroke Park Pembroke Pines Pensacola Perry Pine Castle Pine Hills Pinecrest Pinellas Park Pinewood Plant City Plantation Poinciana Pompano Beach Pompano Beach Highlands Port Charlotte Port Orange Port Salerno Port St. John Port St. Lucie Princeton Punta Gorda Quincy Richmond Heights Richmond West Riverview Riviera Beach Rockledge Rotonda Royal Palm Beach Ruskin Safety Harbor San Carlos Park Sandalfoot Cove Sanford Sanibel Sarasota Sarasota Springs Satellite Beach Scott Lake Sebastian Sebring Seminole Shady Hills Siesta Key Silver Springs Shores South Bradenton South Daytona South Highpoint South Miami South Miami Heights South Patrick Shores South Venice Southeast Arcadia Southgate Spring Hill Springfield St. Augustine St. Cloud St. Pete Beach St. Petersburg Stuart Sugarmill Woods Sunny Isles Beach Sunrise Sunset Sweetwater Tallahassee Tamarac Tamiami Tampa Tarpon Springs Tavares Temple Terrace The Crossings The Hammocks The Villages Thonotosassa Three Lakes Titusville Town ‘n’ Country Treasure Island Union Park University University Park Upper Grand Lagoon Valparaiso Valrico Venice Venice Gardens Vero Beach Vero Beach South Villas Warrington Wekiwa Springs Wellington West Little River West Melbourne West Palm Beach West Pensacola West Perrine West Vero Corridor West and East Lealman Westchase Westchester Westgate-Belvedere Homes Weston Westview Westwood Lakes Williamsburg Wilton Manors Winston Winter Garden Winter Haven Winter Park Winter Springs Wright Yeehaw Junction Yulee Zephyrhills


Down Payment Assistance Florida Counties served (if you do not see your county listed, feel free to call; it may not be listed yet)
Alachua County Baker County Bay County Bradford County Brevard County Broward County Calhoun County Charlotte County Citrus County Clay County Collier County Columbia County DeSoto County Dixie County Duval County Escambia County Flagler County Franklin County Gadsden County Gilchrist County Glades County Gulf County Hamilton County Hardee County Hendry County Hernando County Highlands County Hillsborough County Holmes County Indian River County Jackson County Jefferson County Lafayette County Lake County Lee County Leon County Levy County Liberty County Madison County Manatee County Marion County Martin County Miami-Dade County Monroe County Nassau County Okaloosa County Okeechobee County Orange County Osceola County Palm Beach County Pasco County Pinellas County Polk County Putnam County Santa Rosa County Sarasota County Seminole County St. Johns County St. Lucie County Sumter County Suwannee County Taylor County Union County Volusia County Wakulla County Walton County Washington County