First Time Home Buyer Programs Updated 8-29-2016

Compare the top down payment assistance programs and first time home buyer programs available in Florida. We offer this information free to you as a service to our local community. These Down Payment and Closing Cost Assistance programs can only be provided by Lenders who have been approved by the appropriate Institutional Investors. If you would like to learn more about which Realtor's and Lenders are qualified, or if you would like to be pre-approved for any of these programs, please feel free to contact us. It's a QUICK and FREE process.

Quick & Easy : Click Here to select up to $15,000 for down payment assistance

Many of these programs are available throughout the entire State of Florida. This website is sponsored by Mid Florida Realty.

Pinellas, Hillsborough, Manatee, Polk, Pasco, Orange, West Osceola, and Lake counties, please call 813-777-8056

All other Florida counties are not yet serviced by phone.


2016 - Conventional 3% Grant EXCLUDES the 5 Counties
2016 - Conventional HHF - EXCLUDES the 5 Counties
2016 purchase limits (All FL Bond programs)
2016 - Conventional HHF - $15,000 INCLUDES the 5 Counties
2016 - FHA - EXCLUDES the 5 HHF counties
2016-FHA - HHF - $15,000 INCLUDES the 5 counties
Own a Home Opportunity Grant

2016 Florida Conventional HFA (Housing Finance Authority) Bond Preferred Down Payment Assistance Program

2016 Conventional Preferred Plus Down Payment Assistance

2016 FHA HHF Hillsborough-Orange-Brevard-Volusia-Duval County 

Hillsborough-Clay-Brevard Counties and City of Jacksonville HFA Down Payment Assistance Program

2016 FHA Manatee County Florida First Time Homebuyer Down Payment Assistance Bond Program

2016 FHA Pinellas - Pasco - Polk County Florida First Time Homebuyer Down Payment Assistance Bond Program

Federal Home Loan Bank Down Payment Assistance Grant

USDA / Rural Development Loans

VA Loans


                             (Lee, Sarasota, Collier, DeSoto, & Palm Beach Counties only) 
  • 30-year, fixed-rate FHA first mortgage loans originated by trained and approved lenders throughout the State of Florida. The program is offered to all borrowers who meet income, purchase price and other program guidelines, and can otherwise qualify for a loan.
  • Maximum Purchase price: Please see Income Limitations and Acquisition Price above for "Own A Home Program".
  • The assistance comes in the form of a 4% or 5% Grant at Closing.
  • No Conventional loans, only FHA mortgage loans, USDA mortgage loans & VA mortgage loans
  • Maximum Household Income: Please see Income Limitations and Acquisition Price above for "Own A Home Program".
  • No First Time Home Buyer restriction.
  • No Work Visa, student visa, any temporary visa's qualify
  • Interest rates are generally at least .25% lower than the State of Florida programs.
  • Do NOT have to pay Intangible Tax or Documentation Stamps (savings of approximately .05% of loan amount)
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 660 FICO credit score on FHA, VA, USDA to qualify for 5% grant at Closing table.
  • Minimum 640 FICO credit score to qualify for 4% grant at Closing table.
  • ALL bank deposits OUTSIDE of payroll require detailed explanations.
  • 44.9% Debt to Income ratio or less
  • Low fixed mortgage interest rates
  • Can purchase new or resale homes
  • No 8 hour HUD approved Mortgage Counseling course required.
  • No Bankruptcies in last 2 years and no foreclosure last 3 years.
  • Primary Residences only
  • No Prepayment Penalty Fee if loan is paid out early
  • While there is no cash back in this program, the
  • borrower may be reimbursed for any over payment of escrow to the extent permitted by Agency (FHA, VA) guidelines. 
  • Pay stubs and W-2's required.
  • No possibility of Recapture Tax.
  • Credit restrictions: No Manual Underwrites, 3 trade lines with no lates in last 12 months, No NSF's in last 6 months, Non-traditional credit not allowed.
  • Cosigners Permitted for FHA loans under very specific conditions. Follow FHA guidelines for credit purposes only. Treat cosigner credit/income as directed by FHA. Cosigners are allowable in an FHA transaction when meeting the following conditions (1) a cosigner cannot have any ownership interest in the property (they cannot be on the Mortgage/Deed) and (2) the cosigner cannot reside in the property being purchased. A cosigner’s income is not considered for program purposes, tax returns/transcripts are not required and cosigners do not sign any program documents.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • No second mortgages remain.
  • Refinances: Not permitted.
  • Lender credit not available.
  • Appraisal must indicate that the home has at least a 30 year remaining useful life.
  • No exemption for Doc Stamps and Intangibles Tax.
  • No Prepayment Penalties.

Dream 100- 100% Mortgage Financing

Quick & Easy : Click Here to select up to $15,000 for down payment assistance

NOTICE: This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states/counties.