Down Payment Assistance Programs

• $10,000 in down payment assistance at 0% interest rate and 0% APR
• Repayment is deferred for 30 years, except in the event of the sale, transfer or satisfaction of the first mortgage

• $10,000 for Pinellas County in down payment assistance at 0% interest rate and 0% APR
• $7,500 for Pasco and Polk Counties in down payment assistance at 0% interest rate and 0% APR
• Repayment is deferred for 30 years, except in the event of the sale, transfer or satisfaction of the first mortgage

• 30 year fixed rate
• No down payment or mortgage insurance required
• Raymond James Bank Closing Credit of up to $5,000 for qualified borrowers

• Must be a first-time homebuyer or have not owned a home in the previous three years
• Minimum credit score of 640 for 5% down
• Minimum credit score of 680 for 3% down
• Homebuyer education course required
• Two months’ mortgage payment in reserve after closing is required

• Must be a first-time homebuyer or have not owned a home in the previous three years
• Minimum credit score of 660
• Homebuyer education course required

• Must be a first-time homebuyer or have not owned a home in the previous three years
• Minimum credit score of 660
• Homebuyer education course required
• Two months’ mortgage payment in reserve after closing is required

• $104,300 for 1- and 2-occupant households
• $119,945 for 3-occupant or more households

 Pinellas and Pasco

• $104,300 for 1- and 2-occupant households
• $119,945 for 3-occupant households

Polk

• $99,874 for 1- and 2-occupant households
• $114,360 for 3-occupant households

• 80% of area median income for all household sizes

• $544,232 maximum loan amount in Hillsborough, Pinellas and Pasco counties (purchase price limits vary in other Florida counties)
• Loans are issued by Fannie Mae (FNMA), so properties must meet the standards outlined by this authority. No rehab on the home is allowed.
• Interest rates are set by the Florida Housing Finance Corporation

• $544,232 maximum purchase price in Pasco, Pinellas and Polk counties
• Conventional loans are issued by Freddie Mac (FHLMC). Properties must meet the standards outlined by this authority. No rehab on the home is allowed.
• Interest rates are set by the Housing Finance Authority of Pinellas County

• $510,939 maximum home price located in Hillsborough, Pasco, Pinellas or Hernando counties.