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The Tallahassee Lenders' Consortium First-Time Homebuyer Program provides down payment assistance to first-time homebuyers, lessening the burden of upfront costs associated with the mortgage process.

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FHA.com is a privately owned website, is not a government agency, and does not make loans.

The Tallahassee Lenders' Consortium First-Time Homebuyer Program

The Tallahassee Lenders' Consortium (TLC) provides down payment assistance from the City of Tallahassee and Leon County to first-time homebuyers in order to help them offset the cost of upfront mortgage payments when buying their first home.

Available Assistance
TLC provides down payment assistance in the form of a zero-interest second mortgage. No payments are due on the loan until the purchased house is sold, refinanced, repaid after 30 years, or it is no longer the borrower’s primary residence. Available assistance is shown below:

Tallahassee City Limits
Up to $7,000 Maximum
Up to $12,000 less than or equal to 50% AMI

Leon County Limits
Leon County - Regular up to $10,000
Leon County - 203k up to $15,000
 
Eligibility Requirements
In order to be eligible for the down payment assistance, applicants must be first-time homebuyers; anyone who has owned a home in the last three years is not eligible unless they are displaced homemakers or their home has been determined to be substandard. All applicants must fall within the set income limits (shown below) and contribute $500 of your own funds. The property purchased must serve as the borrower’s primary residence. Mobile homes or duplexes are not permitted.
 
Income Limits
City of Tallahassee
1-person household: $38,600    
2-person household: $44,100
3-person household: $49,600    
4-person household: $55,100
5-person household: $59,550    
6-person household: $63,950
 
Leon County
1-person household: $56,640      
2-person household: $64,800    
3-person household: $72,840    
4-person household: $80,880    
5-person household: $87,360   
6-person household: $93,840
 
Note: All information mentioned above was accurate at the time of publication and may no longer be current - visit the program website for updated information.

First-Time Home Buyer Programs in Florida

The Tallahassee Lenders' Consortium First-Time Homebuyer Program provides down payment assistance to first-time homebuyers, lessening the burden of upfront costs associated with the mortgage process.

The City of Miami's First Time Homebuyer program helps eligible applicants purchase their first home by providing low-interest assistance loans.

The City of Orlando's Down Payment Assistance (DPA) Program provides assistance to qualified first-time homebuyers for the down payment and closing costs associated with purchasing a home.

The City of St. Petersburg offers eligible applicants assistance with the Purchase Assistance Program to help them afford the upfront costs of buying a new home.

The Home Sweet Home Program helps income-eligible applicants by offering down payment and closing cost assistance

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First-time homebuyer assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

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