YES!

We are currently open for business and providing down payment assistance as usual. Real estate, Lending and Closing services are all considered essential services and will remain open.

If we can help, please let us know!

click to continue

Down Payment Assistance in Florida

There are several more Down Payment Assistance programs in Florida. A more comprehensive list of programs can be viewed at FloridaFirstTimeHomeBuyer.info

2020 - 101% CLTV Conventional Financing with $0 Mortgage Insurance available for entire State of Florida.

  • 30-year 97% LTV first mortgage loan coupled with a FNMA Community Second Mortgage of 4% (interest only) on the second mortgage.
  • Second mortgage is termed out for 30 year interest only payment.
  • There is No dollar limit to the second mortgage interest only loan.
  • No upfront or monthly mortgage insurance is required by Borrower.
  • The program is available to anyone who can qualify for a Fannie Mae Conventional Loan.
  • Finance 101% of the purchase price using a 97% First Mortgage and 4% Second mortgage. 1% of the second mortgage can be used towards Buyers Closing Costs.
  • Interest rate is dependent on Borrower(s) FICO credit score.
  • This program allows for higher borrower income limits of 140% of the HUD Median Income for the county where the property is located.
  • This program can be used in all Florida Counties.
  • Maximum CLTV 101% loan amount up to Conventional loan limits per individual county.
  • 1 unit only - Single Family Residence or Townhouses only.
  • Borrowers 1003 income used only for household income limitation. Only Applicant 1003 income used for qualification purposes.
  • NO mortgage insurance for Borrower with this Conventional loan program.
  • Seller contribution 3% maximum towards Buyers closing costs.
  • Purchase only, no construction to permanent loans - no investment properties.
  • Owner Occupants only, No Non-Owner Occupied Co-Signors allowed. No Investors allowed.
  • 2-years of Federal Tax returns required.
  • First Time Home Buyer requirement for at least 1 Borrower in 101% CLTV transactions. No First Time Home Buyer requirement on 99% CLTV transactions.
  • Fannie Mae Buyers Education Classes required. HUD Approved Buyers Education classes are not allowed to be used for this down payment assistance program.
  • Gift Funds from family and employers allowed.
  • Loan must be approved with Automated Underwriting. No Manual Underwriting allowed. No non-traditional credit can be used.
  • No cash back at closing with only exceptions being Earnest Money deposit, Appraisal money and Home Inspection funds with receipt and evidence of home inspection.

2020 - 100% Buyers Advantage Conventional Financing with $0 Mortgage Insurance available for entire State of Florida.

  • 30-year / 100% LTV first mortgage loan.
  • Must have 2 months PITI reserves.
  • If Census Tract has a 51% Minority population, there is NO income limit.
  • No upfront or monthly mortgage insurance is required by Borrower.
  • The program is available to anyone who can qualify for a Fannie Mae Conventional Loan.
  • This loan can be manually underwritten with max 43% DTI or with DU "Approve Eligible" or LPA "Accept" using Automated Underwriting approval .
  • Minimum 680 middle FICO credit score for 100% financing.No non-traditional credit can be used
  • This program has income limits of 100% of the HUD Median Income for Low to Moderate HUD Tract Income Level and 80% of the Income Tract Level if tract is not in Low to Moderate Income level.
  • This program can be used in all Florida, Georgia and Alabama Counties.
  • Eligible Borrowers include US Citizens and Permanent Resident Aliens.
  • Maximum LTV 100% loan amount up to Conventional loan limits per individual county.
  • 1 unit only - Single Family Residence, Townhouses, Manufactured and Mobile homes allowed.
  • Borrowers 1003 income used only for household income limitation. Only Applicant 1003 income used for qualification purposes.
  • NO mortgage insurance for Borrower with this Conventional loan program.
  • Seller contribution 3% maximum towards Buyers closing costs.
  • There are no targeted areas for this loan program.
  • Purchase only, no construction to permanent loans - no investment properties.
  • Owner Occupants only, No Non-Owner Occupied No Co-Signors allowed. No Investors allowed.
  • 2-years of Federal Tax returns required.
  • First Time Home Buyer requirement for at least 1 Borrower in transaction, otherwise only 80% of the HUD median income applicants are allowed and used for income qualification purposes.
  • HUD Approved Buyers Education classes are not allowed to be used for this down payment assistance program.
  • Gift Funds from family and employers allowed.
  • No Foreclosures, Bankruptcies, Deed in Lieu or Short Sales in past 4 years from application date.
  • No cash back at closing with only exceptions being Earnest Money deposit, Appraisal money and Home Inspection funds with receipt and evidence of home inspection.

2020 UNLIMITED INCOME DPA Edge 100% Mortgage Financing

  • Provides 3.5% in down payment assistance in ALL Florida Counties for both FHA and Conventional FNMA Loans.
  • 3.5% down payment assistance is in the form of a forgivable 0%, "silent second" mortgage. 36 months of consecutive on-time payments must be made for "silent second" mortgage to be forgiven.
  • 30 year fixed term.
  • For all Florida counties.
  • Buyer does not need to be first time Home Buyer.
  • Unlimited income.
  • Back end debt to ratio less than 49.99% on all mortgages.
  • Must be primary residence, no Investors.
  • Must NOT have other concurrent residential real estate.
  • Stick built homes or manufactured homes allowed for Conventional and Government Agency loans (FNMA, FHA, VA and USDA).
  • Non-Owner Occupant Co-Borrowers allowed for Credit only, NOT income.
  • Competitive mortgage Interest rates.
  • Can be used with Conventional mortgages (3.5%), VA mortgages (3.5%), FHA mortgages (3.5%) and USDA mortgages (3.5%)
  • Supplemental Alternative credit NOT allowed. No manual underwrites.
  • Borrower must qualify for Conventional, FHA, USDA or VA Loan.
  • Duplexes ARE allowed. NO triplexes or quadraplexes.
  • NO Income limit.
  • Maximum loan amount of FHA limits in area purchased. Generally the lesser of $424,100 (not including MI) or maximum loan amounts permitted by HUD.
  • Home Buyer Education required.
  • Minimum middle FICO credit score is 620 or higher.
  • Maximum debt-to-income 50% or higher depending on credit score, compensating factors and Automated Underwriting findings.
  • 47% LTV or higher must have 12 months documentation rental history.
  • No Prepayment Penalty Fee if loan is paid out early.
  • No cash back to Borrower/Buyer
  • Seller can contribute up to 6% towards FHA, VA or USDA and 3% for all conventional Buyers closing costs.
  • No 203k Renovation loans allowed.

2020 Florida - (HFA) Housing Finance Authority Preferred $10,000 / 0% Second Mortgage Down Payment Assistance Financing for the entire State of Florida

  • Florida Home Ownership Program HLP $10,000 second mortgage OR $7,500 silent second mortgage.
  • This Down Payment Assistance program is offered to all FHA or Conventional Borrowers in the State of Florida who meet income, purchase price and other program guidelines, and can qualify for either FHA or conventional 1st mortgage loan.
  • Buyers who qualify for the Florida First HFA (FHA or Conventional version) of loan automatically qualify for these second mortgage programs.
  • This loan must be used in conjunction with a State of Florida Assist FHA or Conventional first mortgage loan.
  • HLP Version (either FHA or Conventional) is a 15 year - approximately 3% amortized monthly payments on the second mortgage are approximately $70 per month until the amortized loan of $10,000 has been paid off.
  • Florida Assist Version (either FHA or Conventional) is a $7,500 deferred silent second mortgage at 0% interest. This $7,500 must be repaid when the property sells, is refinanced, rented out or when the Mortgagor leaves the property for any reason.
  • Maximum Purchase price for home. Please see above table link.
  • Maximum Household Income per county, Please see above table link.
  • The balance of either version of second mortgage is payable and due under the following circumstances. The Down Payment Assistance loan is immediately repaid if the homebuyer sells the home, pays off the 1st mortgage, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home.
  • First Time Homebuyer's or Borrowers or Spouse must not have owned a home in the last 3 years.
  • FHA Version is 44.99% back end ratio (Debt to Income) or less for FICO scores 679 or less.
  • FHA version with 680 FICO may qualify for 49.99% back end ratio (Debt to Income).
  • Conventional Version has a possible 49.99% Debt-to-Income ratio or whatever Automated Underwriting will approve.
  • Must be First Time Home Buyers or not have owned a home in past 3 years.
  • Low fixed first mortgage interest rates
  • Can purchase new or resale homes
  • Single Family Residences, Townhouses, Villas and Program APPROVED Condos, NO Manufactured homes.
  • Buyers must occupy within 60 days of Closing.
  • Bond version of program includes ALL income of Household whether or not all the residents are on the actual mortgage.
  • TBA version of program, income is ONLY Borrower income calculated from 1003 Income required by Borrower ONLY, If there is no other Borrower, no additional income will used for qualification or household income limitation.
  • Veterans do not need to be first time home buyers.
  • Veterans no longer pay Origination points at closing.
  • Primary Residences only, no second homes or investment properties.
  • No Prepayment Penalty Fee if 1st mortgage or second down payment assistance loan is paid out early.
  • No cash back at closing, any excess funds will be used to pay down first mortgage. Excess money will be used as a Principal Reduction.
  • Borrowers are permitted a reimbursement of prepaids and reimbursement of overage of earnest money deposit to the extent any minimum contribution has been satisfied and permitted by either FHA or FNMA guidelines.
  • Credit restrictions:
  • Minimum 640 FICO scores credit score to qualify for this program. Income and other Underwriting guidelines must be met.
  • FHA Version, bankruptcies must be discharged over 2 years, and/or foreclosures, short sales or deed in lieu 3 years, minimum 1 trade lines with no late's in last 12 months, No NSF's in last 12 months.
  • Conventional Version, bankruptcies must be discharged over 4 years, and/or foreclosures, short sales or deed in lieu is 7 years. Minimum 2 trade lines with no late's in last 12 months, No NSF's in last 12 months.
  • Either FHA or Conventional Versions of program, Borrowers must be employed full time with 2 years continuous (not necessarily with the same company). Income must be supported by: 3 years Federal Tax Returns, W-2's, pay stubs and 2 year history of continuous employment. Gaps in employment can be considered.
  • FHA Version, Mortgage Credit Certificate (MCC) NOT available.
  • Program is exempt from documentary stamp tax and intangible tax. Mortgage Deeds are not exempt.
  • Conventional Version, Mortgage Credit Certificate (MCC) ARE available.
  • Refinances: Not permitted.

2020 AFR Advantage FHA Financing 3.5% Grant program

  • Minimum middle FICO scores 620 or above.
  • Competitively priced FHA loan.
  • No first time home buyer requirement in certain circumstances.
  • 3.5% Grant from Non-Profit 96.5% eligible FHA approved mortgage.
  • Mortgage must meet FHA loan guideline eligibility.
  • Maximum Back End DTI Ratio = 48.99%.
  • FHA loan amounts and Acquisition price only.
  • Primary Residences only. No Investment properties. No 2-4 units.
  • Manufactured Housing allowed.
  • Must be either a First Time Homebuyer, for anyone involved in the Healthcare administration, Civil Servant in a Federal, State or Local Municipality, Law Enforcement administration, Military Veterans, Firefighters and administration and Municipal School Administration.
  • All Borrower(s) subject to 140% of the HUD Median Income for County where the property is located.
  • Can be used with FHA 203B, FHA Repair Escrow, FHA Limited & Standard 203K Renovation Loans
  • Co-Signors/Non-occupying Co-Borrowers allowed if related by blood, marriage or law and Agency guidelines.
  • Borrower may have a NON-FHA ownership interest in other property under certain conditions.
  • HUD approved Homebuyer education required before Closing.
  • Borrower(s) 1003 Income must be less than 140% of HUD Median Income for County where the property is located.

2020 - 97% LTV First Time Home Buyers with $0 Mortgage Insurance available for most of the State of Florida.

  • 10/1 Adjustable Rate Mortgage 97% LTV first mortgage loan with low interest rate.
  • Minimum FICO credit score of 620 possible, but not guaranteed. Loan is Manually Underwritten. All Sponsor's manual lending guidelines must be met.
  • Low mortgage payments for first 10-years. No balloon payments required at the end of the initial term.
  • Able to refinance before or after initial 10-year term or continue on the adjusted payment schedule for the next 20 years.
  • In 10/1 ARM version, last 20 years of loan can adjust every year up 2% and no more than aggregate total of 6% over the course of entire 30 year life of the loan.
  • No upfront or monthly mortgage insurance is required by Borrower.
  • No Prepayment penalty.
  • The program is available to First Time Home Buyers only. Must not have owned a home in last 3 years.
  • Income limit is 200% of the HUD Family Median Income for county property is in.
  • Finance 97% of the purchase price.
  • Maximum loan amount is $350,000.
  • This program allows for higher borrower income limits of 200% of the HUD Median Income for the county where the property is located.
  • This program can be used in many Florida counties, with the EXCEPTIONS of Miami-Dade, Okeechobee and several of the most northern counties, please ask for which counties qualify.
  • Maximum front end Housing ratio is 33% and maximum back end (all combined debts including PITI + HOA vs qualifying income) debt-to-income ratio is 41%.
  • 1 unit only - Single Family Residence, Townhouses or Condos, no modular or mobile homes.
  • NO mortgage insurance for Borrower with this loan program.
  • Seller contribution towards Buyer Closing Costs is maximum 3% towards Buyers closing costs.
  • There are no targeted areas for this loan program.
  • Purchase only, no construction to permanent loans - no investment properties.
  • Owner Occupants only, No Non-Owner Occupied Co-Signers allowed. No Investors allowed.
  • 3-years of Federal Tax returns required and/or acceptable Student Transcripts.
  • Borrower(s) must have a minimum of 1% of own funds in the transaction. 2% Gift funds from family can be used for rest of down payment.
  • HUD approved Buyers Education Classes required.
  • Possible Lender credit of $1000 is given to help with Closing Costs.
  • Acceptable Termite report required by licensed pest control company.
  • No Intangibles tax required in Closing Costs.
  • No cash back at closing.

House 2 Home FHA Grant

Provides up to 4% in down payment assistance in ALL Florida Counties for FHA Loans House 2 Home FHA Income/Mortgage Limits

  • Down Payment Assistance is forgiven at the Closing table.
  • Buyer does not need to be first time Home Buyer.
  • Provides up to 4% in down payment assistance in ALL Florida Counties for FHA Loans. The 4% Grant includes covering 1% of the mandatory 1.5% Lender Origination fee
  • Origination fee 1.75% for FHA and USDA. 1% Maximum Origination fee for VA Loans.
  • No Investment properties, Primary residence only.
  • Traditional frame-block-cement siding-built homes or manufactured homes allowed for Government Agency loans. Government Agency Loans include FHA, VA and USDA Rural Development homes.
  • 1-4 Units allowed, SFR, Duplexes, Triplexes, Quadraplexes.
  • Buyer may own other properties in or outside of Florida. No First Time Home Buyer restrictions apply.
  • Non-Owner Occupant Co-Borrowers ARE allowed.
  • 30-year fixed rate term. No Adjustable Rate Mortgages allowed.
  • Maximum amount to be used with VA Mortgages (4%), FHA Mortgages (4%) and USDA Mortgages (3%)
  • Borrower must qualify for FHA, USDA or VA Loan run through Automated Underwriting Systems.
  • Credit information from approved Tri-Merged Credit Vendors. Alternative credit NOT allowed.
  • Maximum Income Limits set at 140% HUD Area Median Income for FHA, VA or USDA of Florida County the house is located. Conventional HUD Area Median Limits acceptable below 115%
  • Income limit is based off Qualifying income reported on the 1003, regardless of household size. Bonuses, supplemental commissions, Alimony, and Child support payments are optional and are not required providing the base income satisfies the AUS requirements.
  • Maximum loan amount of FHA Loan limits in area purchased. The lesser of $424,100 (not including MI) or maximum loan amounts permitted by HUD/FHA.
  • There are no Acquisition price limits provided the loan amount does not exceed the area FHA/HUD Guidelines for 1st mortgage loan amounts.
  • Home Buyer Education required.
  • Lender credit not available cannot be used to pay for Closing Costs.
  • Minimum middle FICO credit score is 620 for FHA version.
  • Maximum debt-to-income 45%-50% Depending on credit score and compensating factors.
  • No Borrower Prepayment Penalty Fee if loan is paid out early and all payments were made on time prior to pay-off.
  • Seller can contribute up to 6% towards Buyers Closing Costs. Seller cannot contribute to Buyers down payment.
  • No FHA Renovation loans allowed.

Chenoa Fund FHA Mortgage and Grant program

  • Maximum Debt-to-Income back end ratio 50% or less depending on Automated Underwriting Approval or Manual Underwriting Approval of less than 50%.
  • Minimum middle FICO score is 620
  • First Mortgage must be a fixed rate.
  • Second Mortgage Grant for Down Payment Assistance or Closing Cost of 3.5% of purchase price.
  • The Grant will be forgiven after initial 36 months per on time scheduled first mortgage payments.
  • Single Family Fee Simple Homes only-No Condo's, No Mobile Homes
  • Combined Loan to Value cannot exceed 105%.
  • Income Limits to Grant program equals 115% of HUD Area Median Income, Non-Occupant Co-Borrower income not included.
  • FHA 203B allowed. FHA 203K Full Renovation loan NOT allowed.
  • Co-Borrowers allowed for qualifying Income and that Co-Borrower income is NOT subject to income limit of less than 115% of HUD Area Median Income restrictions.
  • Primary residences only. No second homes or Investment properties.
  • Maximum Loan Amount compliant with FHA Guidelines.
  • Sponsorship Admin fee of $399 to Cedar Band Corporation Mortgage Agency

2020 Florida Bond FHA Down Payment Assistance Program for All Florida Counties

  • 30-year, fixed-rate first mortgage loans can be used throughout the State of Florida. The program is offered to all borrowers who meet income, purchase price and other program guidelines, and can otherwise qualify for a loan. Borrowers who qualify for this first mortgage program are automatically qualified for one of Florida Housing down payment assistance programs.
  • Buyer hasn't owned a property for at least 3 years. May have owned and sold a primary residence prior to 3 years.
  • The down payment assistance loan comes in the form of either a 2nd mortgage $10,000 (15 year fully amortizing loan) or a $7,500, 0% interest deferred 2nd mortgage loan. The down payment assistance can be used for the down payment, Buyers mortgage closing costs, or in the case of a Conventional mortgage split pay mortgage insurance premium to lower mortgage insurance cost. This money must be paid back.
  • No Investment or second homes allowed. Must be primary residence only.
  • Middle FICO 8 credit score must be at least 640 for all Borrowers. No exceptions.
  • Veterans no longer pay Origination points at closing.
  • 1 unit only - Single Family Residence, Townhouses with 95% LTV or below. No Manufactured Homes , no condominiums.
  • Only Applicant income from 1003 used for qualification purposes.
  • FHA version (Debt to Income) back end ratio 44.99% or less for FICO scores 679 or less.
  • FHA version with 680 FICO may qualify for 49.99% back end ratio (Debt to Income).
  • Allows up to 6% Seller contribution maximum towards Buyers closing costs.
  • Purchase only No Construction to Perm loans, no refinances.
  • Purchase price limits determined by 115% of HUD county median income limits.
  • Owner Occupants only, must occupy within 60 days.
  • Mandatory 8-hour Buyers Education Class for all Borrowers or any 8 hour HUD approved agency (online or in-person) or approved mortgage insurance education class.
  • Florida e-housing fee's $225 compliance fee + $300 US Bank funding fee + $85 tax service fee calculated subtracted from the $7,500 down payment assistance.
  • No Intangibles tax or property deed stamps on HUD or Closing Disclosure.
  • FHA guidelines apply to this product. This loan program is not a Conventional loan product.
  • No Co-Signers
  • No Lender Credits permitted.
  • This program can be used anywhere in the State of Florida.
  • The FL Assist offers a 30-year, 0% fixed rate, deferred but accelerated upon any of the following - the sale, transfer or other disposition of the property (including involuntary transfer by or because of foreclosure or judicial sale or operation of law), The Florida Assist 2nd mortgage must be repaid when the first mortgage has been paid off.

2020 FHA - (HFA) Housing Finance Authority "Home Sweet Home" Down Payment Assistance program for Hillsborough, Brevard, Clay counties and city of Jacksonville ONLY

  • 30-year, fixed-rate FHA first mortgage loans originated by trained and approved lenders throughout the State of Florida. The Down Payment Assistance program is offered to all borrowers in Hillsborough, Brevard, Clay Counties and Jacksonville City Florida who meet income, purchase price and other program guidelines, and can otherwise qualify for an FHA mortgage loan.
  • Maximum Purchase price for per county:
  • Hillsborough County $ 253,809
  • Duval County $199,999
  • Clay County $298,192
  • Maximum Household Income per County
  • Brevard (1-2-person household = $ 61,700) (3+ person household = $70,995)
  • Hillsborough (1-2 person household = $ 59,800) (3+ person household = $ 68,770)
  • Jacksonville (1-2 person households = $ 70,178) (3+ persons $ 80,705)
  • Clay (1-2 person household = $69,176) (3 + persons = $79,552)
  • The down payment assistance comes in the form of a $10,000 - 0% interest, fixed-rate second mortgage Loan for Hillsborough County, and $7500 for Clay, Brevard and Duval Counties.
  • Only one Florida down payment program can be used by the borrower per transaction.
  • The Down Payment Assistance loan is immediately repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home.
  • First Time Homebuyer's or Borrowers or Spouse have not owned a home in the last 3 years.
  • Doc Stamps NO longer exempt on this program.
  • FHA version (Debt to Income) back end ratio 44.99% or less for FICO scores 660 or higher.
  • Conventional version with 680 FICO may qualify for up to 49% back end ratio (Debt to Income).
  • Veterans no longer pay Origination points at closing.
  • Must be First Time Home Buyers or not have owned a home in past 3 years. Must present last 3 years Federal tax returns as proof.
  • Low fixed mortgage interest rates
  • Can purchase new or resale homes
  • Single Family Residences, Townhouses, Villas and Program FHA APPROVED Condos (for FHA Loan version), NO Manufactured homes.
  • Buyers must Occupy within 60 days of Closing.
  • No more than 15% of home to be used in connection for home based business, such as child care, or similar type endeavors.
  • 8 hour Face to Face or online HUD approved Mortgage Counseling course required.
  • Primary Residences only, no second homes or investment properties.
  • No Prepayment Penalty Fee if 1st mortgage loan is paid out early.
  • No cash back at closing, any excess funds will be used to pay down first mortgage. In excess money will be used as a Principal Reduction.
  • Borrowers are permitted a reimbursement of prepaids and reimbursement of overage of earnest money deposit to the extent any minimum contribution has been satisfied and permitted by Agency guidelines.
  • Credit restrictions:
  • Minimum 660 FICO scores credit score to qualify for Hillsborough, Brevard, Clay and Duval counties.
  • Bankruptcies discharged over 2 years and/or foreclosures, short sales or deed in lieu, 3 years, minimum 2 trade lines with no late's in last 12 months, No NSF's in last 12 months.
  • Co-Signers income allowed in this program under Agency guidelines.
  • Lender credit not available.
  • No Manual underwrites or alternative credit allowed.
  • Borrowers income must be 2 years continuous but not necessarily with the same company. Income must be supported by pay stubs and 2 year history of continuous employment. Gaps in employment can be considered. 2 year overall employment required.
  • Mortgage Credit Certificates MUST be used with this program in Hillsborough MCC and Jacksonville HFC MCC program, not required for Brevard County
  • Refinances: Not permitted.

2020 OWN A HOME OPPORTUNITY
(Broward, Volusia, Lee, Sarasota, Charlotte, Collier, DeSoto, St Johns & Palm Beach Counties ONLY)

  • 30-year, fixed-rate FHA first mortgage loans originated by trained and approved lenders throughout the State of Florida. The program is offered to all borrowers who meet income, purchase price and other program guidelines, and can otherwise qualify for a Freddie Mac (FHMLC) Conventional, and Government Agency mortgage loan.
  • Maximum Purchase price:
  • Charlotte County = $ 271,165
  • Collier County = $ 415,058
  • Broward County = $ 317,646
  • Desoto County = $ 271,165
  • Lee County = $ 271,165
  • Palm Beach County = $ 317,646
  • Sarasota County = $ 275,294
  • St Johns County = $ 316,589
  • Volusia County = $ 271,165
  • The assistance comes in the form of a 3%, 4% or 5% Grant at Closing. Amount is dependent on credit scores.
  • Freddie Mac Advantage Conventional mortgage loans, FHA mortgage loans, USDA mortgage loans and VA mortgage loans
  • Maximum Household Income for OWN program:
  • Charlotte County $ 93,750
  • Collier County = $ 112,500
  • Broward County = $ 99,550
  • Desoto County = $ 93,750
  • Lee County = $ 95,550
  • Palm Beach County = $ 111,450
  • Sarasota County = $ 105,450
  • St Johns County = $ 104,850
  • Volusia County = $ 93,750
  • No First Time Home Buyer restriction.
  • NO work visa, student visa, any temporary visas qualify for this program
  • Intangible Tax NOT exempt.
  • Documentation Stamps STILL exempt.
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 640 FICO credit score on FHA, VA, USDA to qualify for 2% grant, 660 FICO to qualify for 3% FHA grant, and minimum 640 FICO for Freddie Mac (FHLMC) Conventional loans to receive either 3%, 4% or 5% grant at Closing table.Outcome to determine if loan is qualified for conventional loans is determined exclusively by LP Automated Underwriting findings, (AUS).
  • ALL bank deposits OUTSIDE of payroll require detailed explanations.
  • 44.9% Debt to Income ratio or less on FHA, VA and USDA loans. Up to 49.99% DTI for FHMLC conventional loans.
  • Low fixed mortgage interest rates are determined by program guidelines, NOT by individual local Lender.
  • Can purchase new or resale homes
  • 8 hour face-to face or online HUD approved Mortgage Counseling course required.
  • No Bankruptcies in last 2 years, no foreclosure last 3 years for Government Agency loans (FHA, VA, USDA) or 4 years bankruptcy and/or 7 years foreclosures, short sales, or deed in lieu for conventional loans.
  • Primary Residences only, Single Family Residences and Fee Simple town homes, conventional financing of condos must be approved by USB ONLY, no manufactured or mobile homes allowed.
  • No Prepayment Penalty Fee if 1st mortgage loan is paid out early
  • While there is no cash back in this program, the borrower may be reimbursed for any over payment of escrow to the extent permitted by Agency (FHA, VA, USDA) or FHMLC guidelines.
  • Pay stubs and W2's required.
  • Buyers CANNOT own any residential property at time of Closing on this program.
  • No possibility of Recapture Tax.
  • Credit restrictions: No Manual Underwrites, 3 trade lines with no late’s in last 12 months, No NSF's in last 12 months, Non-traditional credit allowed.
  • Cosigners Permitted for FHA loans under very specific conditions. Follow FHA guidelines for credit purposes only. Treat Consignor credit/income as directed by FHA. Consignor’s are allowable in an FHA transaction when meeting the following conditions (1) A Consignor cannot have any ownership interest in the property (they cannot be on the Mortgage/Deed) and (2) The Consignor cannot reside in the property being purchased. A Co-Signors income is not considered for program purposes, tax returns/transcripts are not required and Consignor’s do not sign any program documents.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • Grant forgiven at Closing, No second mortgages remain.
  • Refinances: Not permitted.
  • Lender credit not available.
  • Appraisal must indicate that the home has at least a 30 year remaining useful life.
  • Lot size cannot exceed basic livability standards. Example 4 acre lot properties not allowed.
  • No Prepayment Penalties if mortgage is paid out early for whatever reason.

Federal Home Loan Bank Down Payment Assistance Matching Grant

  • Provides 4:1 matching funds up to $5,000 for Borrowers not involved in the occupations below.
  • Provides 4:1 matching funds up to $7,500 for those involved in Public Safety, Medical, or Education.
  • The Grant is completely forgiven if the Buyer resides in the home for 5 full years. The Grant is forgiven at a rate of 20% per year.
  • Buyer must be First Time Homebuyer or hasn't owned a home in 3 years.
  • Primary Residences only.
  • Lender credit available.
  • No Bank Statements needed.
  • Maximum purchase price not to exceed the FHA limits in the counties being considered.
  • Household Income must be at or under 80% of the HUD Median Income for the county where the property is located.
  • 1 hour Mortgage Counseling conversation required.
  • Co-Signors/Non-occupying Co-Borrowers allowed if related by blood, marriage or law and Agency guidelines.
  • No Bankruptcies in last 2 years and no foreclosure last 3 years.
  • Minimum middle credit score 620
  • Can be used with Conventional Freddie MAC LP AUS only not Fannie Mae DU AUS.
  • Maybe combined with VA Loans written by same Lender.
  • No Prepayment Penalty Fee if loan is paid out early.

Florida Down Payment Assistance Questionnaire

The response to our programs has been overwhelming! For that reason, we are asking people who are seriously considering purchasing a home in the next 1-5 months take the time to fill out the questionnaire below so we can prioritize the people that really want and need our help.



We will NOT pull credit data from the 3 Credit Bureaus nor will we ask for account numbers or social security numbers. That authorization can only come from you after you have filled out an official Mortgage Loan Application from one of our fully licensed Florida Mortgage Lending Partners.



Lock icon SSL CERTTIFIED SECURE

Thank you for taking the time to complete this form. By doing so, you agree to allow our Agents to discuss your qualifications with one or more of our Mortgage Lending Partners to determine which mortgage program allows you the best available platform to secure financing for your new home. We do not charge any fees for this service. This information is never sold and remains confidential. As soon as we can process this information, we'll get back in touch with you and you can move to the next step in the Home Buying process! Please note, we are not mortgage lenders, but we work with a variety of Licensed Florida Mortgage Lenders who specialize in a wide variety of Florida Down Payment Assistance programs. As your trusted Realtors, we want to make sure your home buying process is as easy as possible.

Related Links

100% Financing for Teachers
100% Financing for Police Officers
100% Financing for Fire Fighters
100% Financing for Nurses
100% Financing for Military