First-time Homebuyer Down Payment Assistance

Say Hello to Your New Home

Interested in buying a home but not sure if you have enough funds saved up?

Let the Florida Down Payment Assistance Program Help

Do I Have Enough Money Saved Up to Buy a Home?

Most Buyers are unsure of the answer to this question. The Housing Finance Authority First-time Homebuyer Program can be a great tool in achieving the dream of buying a home.


If you are a first-time homebuyer, have not owned a home in the past 3 years, or are a veteran, you may qualify for up to $15,000 in down payment and closing cost assistance.


The program offers a deferred, non-amortizing, 0% interest, second mortgage that is only repayable when you sell or refinance the property, satisfy the first mortgage, rent or no longer occupy the property as a primary residence.

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*This information can vary based on programs available

Credit Score

Minimum FICO Score for Government Loans is 660

Credit Score of 640 for Freddie Mac Loans

Maximum Income Limits

1-2 Family Members: $70,800

3+ Family Members: $82,600

Maximum Purchase Price

$255,573 Non-Target Areas

$312,368 Target Areas

See website for area list

Learn More

Use the Wizard in the link below to choose the desired Florida county and follow the steps to see which programs you are able to qualify for based on income and home options.


*This information can vary based on the lender

FHA Loan

Easier qualifications and lower credit requirements

Down Payment of 3.5%

Minimum of FICO Score of 580


1% Down Payment Conventional Loan

Minimum FICO Score of 680

Conventional Loan

3% Down Payment

Minimum FICO Score of 620

Have a question or want to get in contact with a lender? Feel free to contact me below.