Updated 6-20-2015! 2015 - Florida Down Payment Assistance programs and First Time Home Buyer Programs

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 First Time Home Buyers Realty.

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

All other Florida counties, please call (305) 570-7529 for availability in your area.

2015 Conventional Preferred Down Payment Assistance

2015 INCOME LIMITS & PURCHASE PRICE

2015 Conventional Preferred Plus Down Payment Assistance

2015 INCOME LIMITS & PURCHASE PRICE

2015 FHA Hillsborough County Florida First Time Homebuyer Down Payment Assistance Bond Program

  • 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 in Hillsborough County Florida who meet income, purchase price and other program guidelines, and can otherwise qualify for a loan.
  • Maximum Purchase price $265,158 non-targeted areas, $324,082 targeted areas
  • The assistance comes in the form of a 0% interest, fixed-rate second mortgage GRANT. Only one Hillsborough County Florida down payment program can be used by the borrower per transaction.
  • The Down Payment Assistance loan is repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home. This program targets applicants whose incomes are at or below 120% of the HUD area median income (AMI), adjusted for family size.
  • Maximum Household Income for Hillsborough County Florida included all people in household 18 years and older. One or more people in Household $82,600
  • First Time Homebuyers or Borrowers or Spouse have not owned a home in the last 3 years.
  • Receive up to $15,000 in State of Florida bond money with no monthly payment required. 
  • Do NOT have to pay Intangible Tax or Documentation Stamps (savings of approximately .05% of loan amount)
  • Interest Free GRANT $15,000 for Hillsborough County Florida County Down Payment Assistance.
  • $15,000 Grant forgiven at a rate of 20% per year.
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 640 FICO credit score to qualify
  • 45% DTI or less
  • Low fixed mortgage interest rates
  • Can purchase new or resale homes
  • 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
  • No cash back at closing, any excess funds will be used to pay down first mortgage. However, borrowers are permitted a reimbursement of prepaids and reimbursement of overage of earnest money deposit to the extent any minimum contribution has been satisfied and permitted by Agency guidelines.
  • Credit restrictions: Minimum 640 middle FICO, No Bankruptcies or Foreclosures ever, 4 trade lines with no lates in last 12 months, No NSF's in last 3 months, Non-traditional credit not allowed.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • Refinances: Not permitted.

2015 FHA Manatee County Florida First Time Homebuyer Down Payment Assistance Bond Program

  • 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 in Manatee County Florida who meet income, purchase price and other program guidelines, and can otherwise qualify for an FHA loan.
  • Maximum Purchase price $279,000 non-targeted areas, $341,000 targeted areas
  • The assistance comes in the form of a 0% interest or low, fixed-rate second mortgage. Only one Manatee County Florida down payment program can be used by the borrower per transaction.
  • The Down Payment Assistance loan is repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home. This program targets applicants whose incomes are at or below 120% of the HUD area median income (AMI), adjusted for family size.
  • Maximum Household Income for Manatee County Florida included all people in household 18 years and older. 1-2 person = $69,339 - 3 plus people = $79,740
  • First Time Homebuyers or Borrowers or Spouse have not owned a home in the last 3 years.
  • Receive up to $10,000 in Manatee County Florida bond money with no monthly payment required. 
  • Mortgage Credit Certificate issued on all 1st mortgage loans, for an MCC value of 50%
  • Do NOT have to pay Intangible Tax or Documentation Stamps (savings of approximately .05% of loan amount)
  • Interest rates are generally at least .25% lower than the State of Florida programs.
  • Interest Free Loan up to $10,000 for Manatee County Florida County Down Payment Assistance.
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 640 FICO credit score to qualify
  • 45% DTI or less
  • Low fixed mortgage interest rates
  • Can purchase new or resale homes
  • 8 hour HUD approved Mortgage Counseling course required
  • No Bankruptcies in last 2 years and no foreclosure last 3 years, No NSF's in last 90 days, No late credit payments last 12 months.
  • Primary Residences only
  • No Prepayment Penalty Fee if loan is paid out early
  • No cash back at closing, any excess funds will be used to pay down first mortgage
  • Credit restrictions: Minimum 640 middle FICO, No Bankruptcies or Foreclosures ever, 4 trade lines with no lates in last 12 months, No NSF's in last 3 months, Non-traditional credit not allowed.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • Refinances: Not permitted.

2015 FHA Pinellas County Florida First Time Homebuyer Down Payment Assistance Bond Program

  • 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 $265,158 Non-Targeted areas $324,082 Targeted areas.
  • The assistance comes in the form of a 0% interest or low, fixed-rate second mortgage. Only one Florida Housing down payment program can be used by the borrower and only in conjunction with the FTHB program first mortgage products.
  • The Down Payment Assistance loan is repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home. This program targets applicants whose incomes are at or below 120% of the HUD area median income (AMI), adjusted for family size.
  • Maximum Household Income for Pinellas County included all people in household 18 years and older. 1-2 people = $67,165 3 or more people in household $77,240
  • First Time Homebuyers or Borrowers or Spouse have not owned a home in the last 3 years.
  • Receive up to $7,500 in Pinellas County bond money with no monthly payment required
  • 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)
  • Interest Free Loan up to $7,500 for Pinellas County Down Payment Assistance
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 640 FICO credit score to qualify
  • 45% DTI or less
  • Low fixed mortgage interest rates
  • Can purchase new or resale homes
  • 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
  • No cash back at closing, any excess funds will be used to pay down first mortgage
  • Credit restrictions: Minimum 680 middle FICO, No Bankruptcies or Foreclosures ever, 4 trade lines with no lates in last 12 months, No NSF's in last 3 months, Non-traditional credit not allowed.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • Refinances: Not permitted.

2015 FHA Pasco County Florida First Time Homebuyer Down Payment Assistance Bond Program

  • 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 in Pasco County who meet income, purchase price and other program guidelines, and can otherwise qualify for a loan. 
  • Maximum Purchase price $265,158 non-targeted areas, $324.082 targeted areas
  • The assistance comes in the form of a 0% interest or low, fixed-rate second mortgage. Only one Florida Housing down payment program can be used by the borrower and only in conjunction with the FTHB program first mortgage products.
  • The Down Payment Assistance loan is repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home. This program targets applicants whose incomes are at or below 120% of the HUD area median income (AMI), adjusted for family size.
  • Maximum Household Income for Pasco County included all people in household 18 years and older. 1-2 people = $67,165, 3 or more people in household $77,240
  • First Time Homebuyers or Borrowers or Spouse have not owned a home in the last 3 years.
  • Receive up to $7,500 in Pasco County bond money with no monthly payment required
  • Do NOT have to pay Intangible Tax or Documentation Stamps (savings of approximately .05% of loan amount)
  • Interest rates are generally at least .25% lower than the State of Florida programs.
  • Interest Free Loan up to $7,500 for Pasco County Down Payment Assistance
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 640 FICO credit score to qualify
  • 45% DTI or less
  • Low fixed mortgage interest rates
  • Can purchase new or resale homes
  • 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
  • No cash back at closing, any excess funds will be used to pay down first mortgage
  • Credit restrictions: Minimum 680 middle FICO, No Bankruptcies or Foreclosures ever, 4 trade lines with no lates in last 12 months, No NSF's in last 3 months, Non-traditional credit not allowed.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • Refinances: Not permitted.

2015 FHA Florida Housing First Time Homebuyer (FTHB) Down Payment Assistance Bond Program

2015 INCOME LIMITS & PURCHASE PRICE

2015 FHA Orange County Florida First Time Homebuyer Down Payment Assistance Bond Program

  • 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 in Orange County Florida who meet income, purchase price and other program guidelines, and can otherwise qualify for an FHA loan.
  • Maximum Purchase price $268,875 non-targeted areas, $328,625 targeted areas
  • The assistance comes in the form of a 0% interest or low, fixed-rate second mortgage. Only one Orange County Florida Housing down payment program can be used by the borrower per transaction.
  • The Down Payment Assistance loan is repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home. This program targets applicants whose incomes are at or below 120% of the HUD area median income (AMI), adjusted for family size.
  • Maximum Household Income for Orange County Florida included all people in household 18 years and older. 1-2 people = $81,620, 3 or more people in household $81,620
  • First Time Homebuyers or Borrowers or Spouse have not owned a home in the last 3 years.
  • Receive up to $15,000 in Florida bond money with no monthly payment required
  • Do NOT have to pay Intangible Tax or Documentation Stamps (savings of approximately .05% of loan amount)
  • Interest rates are generally at least .25% lower than the State of Florida programs.
  • GRANT of $15,000 for Florida Down Payment Assistance
  • $15,000 Grant forgiven at a rate of 20% per year.
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 640 FICO credit score to qualify
  • 45% DTI or less
  • Low fixed mortgage interest rates
  • Can purchase new or resale homes
  • 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
  • No cash back at closing, any excess funds will be used to pay down first mortgage
  • Credit restrictions: Minimum 640 middle FICO, No Bankruptcies or Foreclosures ever, 4 trade lines with no lates in last 12 months, No NSF's in last 3 months, Non-traditional credit not allowed.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • Refinances: Not permitted.

2015 FHA Osceola County Florida First Time Homebuyer Down Payment Assistance Bond Program

  • 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 in Osceola County Florida who meet income, purchase price and other program guidelines, and can otherwise qualify for a loan.
  • Maximum Purchase price $268,875 non-targeted areas, $328,625 targeted areas
  • The assistance comes in the form of a 0% interest or low, fixed-rate second mortgage. Only one Osceola County Florida Housing down payment program can be used by the borrower per transaction.
  • The Down Payment Assistance loan is repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home. This program targets applicants whose incomes are at or below 120% of the HUD area median income (AMI), adjusted for family size.
  • Maximum Household Income for Osceola County Florida included all people in household 18 years and older. 1-2 people = $66,668, 3 or more people in household $76,668
  • First Time Homebuyers or Borrowers or Spouse have not owned a home in the last 3 years.
  • Receive up to $7,500 in Osceola County Florida bond money with no monthly payment required
  • Do NOT have to pay Intangible Tax or Documentation Stamps (savings of approximately .05% of loan amount)
  • Interest rates are generally at least .25% lower than the State of Florida programs.
  • Interest Free Loan up to $7,500 for Osceola County Florida County Down Payment Assistance
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 640 FICO credit score to qualify
  • 45% DTI or less
  • Low fixed mortgage interest rates
  • Can purchase new or resale homes
  • 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
  • No cash back at closing, any excess funds will be used to pay down first mortgage
  • Credit restrictions: Minimum 640 middle FICO, No Bankruptcies or Foreclosures ever, 4 trade lines with no lates in last 12 months, No NSF's in last 3 months, Non-traditional credit not allowed.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • Refinances: Not permitted.

2015 FHA Lake County Florida First Time Homebuyer Down Payment Assistance Bond Program

  • 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 in Lake County Florida who meet income, purchase price and other program guidelines, and can otherwise qualify for a loan.
  • Maximum Purchase price $268,875 non-targeted areas, $328,625 targeted areas
  • The assistance comes in the form of a 0% interest or low, fixed-rate second mortgage. Only one Lake County Florida Housing down payment program can be used by the borrower per transaction.
  • The Down Payment Assistance loan is repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home. This program targets applicants whose incomes are at or below 120% of the HUD area median income (AMI), adjusted for family size.
  • Maximum Household Income for Lake County Florida included all people in household 18 years and older. 1-2 people = $66,668, 3 or more people in household $76,668
  • First Time Homebuyers or Borrowers or Spouse have not owned a home in the last 3 years.
  • Receive up to $7,500 in Lake County Florida bond money with no monthly payment required
  • Do NOT have to pay Intangible Tax or Documentation Stamps (savings of approximately .05% of loan amount)
  • Interest rates are generally at least .25% lower than the State of Florida programs.
  • Interest Free Loan up to $7,500 for Lake County Florida County Down Payment Assistance
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 640 FICO credit score to qualify
  • 45% DTI or less
  • Low fixed mortgage interest rates
  • Can purchase new or resale homes
  • 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
  • No cash back at closing, any excess funds will be used to pay down first mortgage
  • Credit restrictions: Minimum 640 middle FICO, No Bankruptcies or Foreclosures ever, 4 trade lines with no lates in last 12 months, No NSF's in last 3 months, Non-traditional credit not allowed.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • Refinances: Not permitted.

2015 FHA Seminole County Florida First Time Homebuyer Down Payment Assistance Bond Program

  • 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 in Seminole County Florida who meet income, purchase price and other program guidelines, and can otherwise qualify for an FHA loan.
  • Maximum Purchase price $268,875 non-targeted areas, $328,625 targeted areas
  • The assistance comes in the form of a 0% interest or low, fixed-rate second mortgage. Only one Seminole County Florida Housing down payment program can be used by the borrower per transaction.
  • The Down Payment Assistance loan is repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home. 
  • Maximum Household Income for Seminole County Florida included all people in household 18 years and older. 1-2 people = $66,668, 3 or more people in household $76,668
  • First Time Homebuyers or Borrowers and/or Spouse have not owned a home in the last 3 years.
  • Receive up to $7,500 in Seminole County Florida bond money with no monthly payment required
  • Do NOT have to pay Intangible Tax or Documentation Stamps (savings of approximately .05% of loan amount)
  • Interest rates are generally at least .25% lower than the State of Florida programs.
  • Interest Free Loan up to $7,500 for Seminole County Florida County Down Payment Assistance
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 640 FICO credit score to qualify
  • 45% DTI or less
  • Low fixed mortgage interest rates
  • Can purchase new or resale homes
  • 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
  • No cash back at closing, any excess funds will be used to pay down first mortgage
  • Credit restrictions: Minimum 640 middle FICO, No Bankruptcies or Foreclosures ever, 4 trade lines with no lates in last 12 months, No NSF's in last 3 months, Non-traditional credit not allowed.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • Refinances: Not permitted.

Federal Home Loan Bank Down Payment Assistance Grant

USDA / Rural Development Loans

VA Loans

Dream 100- 100% Mortgage Financing

  • Occupancy: Owner Occupant only - Primary Residence
  • NO First Time Homeowner requirement
  • No Mortgage Insurance: slightly higher 30 year fixed rate than FHA but overall smaller payment beneficial to Borrower when compared to FHA + MI or Conventional + PMI
  • Single Family: Attached or Detached - Modular or Warrantable Condos allowed
  • Property States: Georgia, Florida, Alabama, Tennessee, South Carolina
  • Eligible Borrowers: US Citizens/Permanent Resident Aliens - The Borrower may not have any ownership interest in any other type of property.
  • Buyer must at least $500 in transaction, may come from gift from family, grant or non-profit
  • Seller Contributions: Up to 4% (includes Builders)
  • Subordinate Financing (Down Payment Assistance) permitted only through Affordable Housing Agencies, Non-Profit Groups or Local Government Agencies that are approved.
  • Repair Escrows: NOT permitted on HUD home purchases or any other properties
  • Credit restrictions: Minimum 680 middle FICO, No Bankruptcies or Foreclosures ever, 4 trade lines with no lates in last 12 months, No NSF's in last 3 months, Non-traditional credit not allowed.
  • Documentation: 33/41 Ratio's, Income must be supported by paystubs and 2 year history of continuous employment.
  • Income restrictions: Income limits do NOT apply for Borrowers purchasing in low to moderate income census tracts - Income limits DO apply to Borrowers purchasing in middle to upper income census tracts (those limits are: income must be 80% or less than median family income for county). Call 305-570-7529 for clarification on address.
  • Refinances: Not permitted.
  • Buyers Education:A) HUD Approved Counseling Agency or B) Genworth Homebuyer Education or 3) FDIC Smart Money Online Program - required modules for Smart Money Online are (1) Borrowing Basics (2) Money Matters (3) To Your Credit (4) Your Own Home.

Program subject to change, Realtors & Borrowers please call 305-570-7529 for program guideline confirmation.

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.