The down payment assistance programs that are listed here are a sample of what is available for homebuyers in Florida. This can be your starting point as you search for the right program for your family.

FHA.com: Home Purchase and Refinance Loans

FHA Loan Programs for 2024

The most recognized 3.5% down payment mortgage in the country. Affordable payments w/good credit.

Are You Watching Your Credit Score?




- Improving Your Credit Score Has Never Been More Important -

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

Choose a Loan Type

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

Home Key Plus 2nd Mortgage

Financial Assistance for Homebuyers in Florida

The Housing Finance Authority of Pinellas County’s First-time Homebuyer Program is designed to help potential borrowers purchase the home of their dreams. Along with a first mortgage, the program helps borrowers with down payment assistance via the Home Key Plus 2nd Mortgage.  


Available Assistance 
Eligible applicants receive assistance funds in the form of a non-amortizing, zero-interest second mortgage. The program offers up to $7,500 in assistance funds to help cover the down payment and closing costs. The loan is due when borrowers sell or refinance the property, pay off the first mortgage, rent or no longer occupy the property as a primary residence. 


Eligibility Requirements 
This program is open to first-time homebuyers (those who have not owned a home in the past three years) and veterans who are U.S. citizens or permanent residents. All applicants must complete an 8-hour, HUD-approved homeowner education course and contribute a minimum of $1,000 from their own funds. They must also meet the program’s income and credit requirements as well. 
Credit Restrictions: 660 for FHA version, Conventional minimum 640 middle FICO 


Income Limits 
Maximum Non-Target Area  
1 or 2-person household: $70,300  
3 or more-person household: $80,845  

Maximum Target Area  
1 or 2-person household: $84,360  
3 or more-person household: $98,420 

 
Property Guidelines 
Any home purchased with program funds must serve as the borrower’s primary residence and must be occupied within 60 days of closing. The borrower is allowed to purchase new or resale homes but manufactured homes are not permitted. The property must also fall within the program’s purchase price guidelines: 
Non-Target areas: $294,600 
Target areas:  $360,067 

 
Note: This information was accurate at the time of publication and may no longer be current - visit the program website for updated information. 

 

Down payment 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.

Down Payment Grants in Florida

Broward County recognizes that many individuals who can afford monthly mortgage payments don't have the required down payment for a home. The Broward County’s Homebuyer Purchase Assistance Program helps potential homebuyers overcome this hurdle by offering down payment assistance.

The program provides down payment and closing costs assistance to income-eligible applicants in the form of a zero-interest, deferred second mortgage, with the maximum loan amount being $7,500. This can be used in conjunction with the program’s 4 percent first mortgage exclusively.

The Housing Finance Authority of Hillsborough County offers the Hillsborough First with Hardest Hit Fund (HHF) Down Payment Assistance Program. The program is meant to help first-time homebuyers who do not have enough money saved for hefty down payments and closing costs.

The City of Jacksonville offers the Head Start To HOME Ownership Program, also known as H2H, which provides down payment and closing cost assistance to eligible applicants interested in purchasing a home.  

The Housing Finance Authority of Miami-Dade recognizes the high upfront costs of purchasing a home. To help offset this cost, the HFA offers a first mortgage as well down payment assistance to potential homebuyers. 

The Housing Finance Authority of Pinellas County’s First-time Homebuyer Program is designed to help potential borrowers purchase the home of their dreams. Along with a first mortgage, the program helps borrowers with down payment assistance via the Home Key Plus 2nd Mortgage.  

With their Home Ownership Program, the Housing Finance Authority of Manatee County offers homebuyers down payment assistance. In addition to a first mortgage, the program gives borrowers the chance to cover the down payment and/or closing costs as well. 

The Housing Finance Authority of Hillsborough County offers homebuyers the Home Sweet Home Hillsborough Program that helps applicants overcome the hurdle of expensive down payments. 

 Florida's Lee County Housing Finance Authority provides first-time homebuyers down payment and closing cost assistance with the FirstPlus program. This program works on a first-come, first-served basis and is continuously funded. 

Florida residents in Orange County can take advantage the Down Payment Assistance Program, which provides funding to income-eligible first-time homebuyers to help them purchase a new or existing home. These funds are to be put toward paying qualified closing costs and the down payment associated with a mortgage transaction.

The City of Palm Bay in Florida established the HOME Down Payment Assistance Program, which is designed to help income-eligible applicants with down payment and closing cost assistance to purchase their first home, and rehabilitation, if needed. 

The State Housing Initiatives Partnership (SHIP) Program in Charlotte County provides income-eligible applicants up to 10 percent of the purchase price (a maximum award of $15,000), in the form of a zero-interest loan.

Do you know what's on your credit report?

Learn what your score means.