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

• 5% of the total loan amount 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

• 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
• Must work full-time in an eligible occupation for a Florida-based employer with a physical location in Florida, and must work from or report to that location
• Minimum credit score of 680 for 3% down (conventional)
• Homebuyer education course required
• Two months’ mortgage payment in reserve after closing is required

• $119,945 for 1- and 2-occupant households
• $125,160 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

• $156,450 for all households

• $806,500 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 rats are set by the Housing Finance Authority of Pinellas County

• $806,500 maximum loan amount for conventional loans in Hillsborough, Pinellas and Pasco 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