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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CRITERIA INFORMATION
*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.
OTHER LOAN OPTIONS AVAILABLE
*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