FloridaDownPaymentAssistance.com
2018 First Time Home Buyer Programs
as of August 4, 2018

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 your down payment assistance experts.

Pinellas, Hillsborough, Manatee, Polk, Pasco, Orange, Osceola, Seminole, Lake, Hernando, Volusia, Clay, Duval, Flagler, Nassau, St Johns, Sarasota, Lee, Collier, Charlotte, St Lucie, Palm Beach, Broward, and Miami-Dade counties.
please call 863-800-1011

At this time no other Florida Counties are serviced by telephone. 

2018 INCOME LIMITS & PURCHASE PRICE

2018 NON-HHF Conventional Income and Purchase Limits
2018 NON-HHF - FHA Income and Purchase Limits
2018 Pinellas - Pasco - Polk Income and Purchase Limits
2018 Own A Home Opportunity Grant Income Limits
2018 House 2 Home - Income and Loan Limits

100% Financing available for First Responders Nurses, Military (Active & Inactive), Policemen, EMT's, and Firefighters in the following Counties: Collier, Lee, Charlotte, Desoto, Sarasota, Manatee, Hillsborough, Pinellas, Polk, Pasco and Hernando counties.

  • 30-year first mortgage loans. Either 10 year, 15 year, 20 year, or 30 year fixed rate or 7/1 , 3/3 Adjustable Rate mortgages (No Balloon Payment necessary, 30 year amortization schedule even on adjustable rate mortgages.) 
  • The program is offered to all Nurses, (LPN, APN, NP, MSN, BSN), Firemen, EMT's, Police and all current and Veteran Military personnel who have been Honorably Discharged from the Military and who meet income, purchase price and other program guidelines and can qualify for the mortgage loan.. 
  • No First Time Home Buyer requirement and No Buyers Education Classes required. 
  • Finance 100% of the purchase price.
  • Buyer must have at least $1000 for Closing Costs in the transaction. The Earnest Money can be used for the $1000 requirement. 
  • Gift Funds allowed.
  • This program allows for higher borrower income limits.
  • This program can only used in 21 approved Florida Counties.
  • Credit scores generally a minimum of 680 middle FICO score and above, some exceptions may be possible depending on particular mitigating circumstances.
  • Maximum LTV 100% up to a $250,000 loan. Homes that cost more than $250,000 would require the difference to be paid in cash at Settlement or 97% LTV up to a $300,000 mortgage loan.  
  • No cash back at closing.
  • 1 unit only - Single Family Residence, Townhouses & some Condos possible.
  • No household income limitation- Only Applicant income for qualification purposes.
  • NO mortgage insurance rates for Borrower with this Conventional type program.
  • Seller contribution 3% maximum towards Buyers closing costs.
  • Purchase only, no construction to permanent loans - no investment properties.
  • Owner Occupants only-No Investors.
  • Cannot own any FINANCED real estate at the time of application.
  • Lender Credit not available.
  • Good verifiable work history required.

100% Financing available for Teachers and all State and County School System Employees in the following Counties: Collier, Lee, Charlotte, Hillsborough, Desoto, Manatee, Sarasota, Polk, Pinellas, Hernando and Pasco Florida Counties.

  • 30-year first mortgage loans. Either 10 year, 15 year, 20 year, or 30 year fixed rate or 7/1 , 3/3 Adjustable Rate mortgages (No Balloon Payment necessary, 30 year amortization schedule even on adjustable rate mortgages.) 
  • The program is offered to all State of Florida school employees from Principle ot Custodian and who meet borrowers who meet income, purchase price and other program guidelines and can qualify for the mortgage loan. 
  • Finance 100% of the purchase price.
  • This program allows for higher borrower income limits.
  • This program can only used in the 21 approved Florida Counties.
  • Credit scores generally a minimum of 680 middle FICO score and above, some exceptions may be possible depending on particular mitigating circumstances.
  • Maximum LTV 100% up to a $250,000 loan. Homes that cost more than $250,000 would require the difference to be paid in cash or 97% LTV up to a $300,000 mortgage loan.  
  • 1 unit only - Single Family Residence, Townhouses & some Condos possible.
  • No household income limitation- Only Applicant income for qualification purposes.
  • NO mortgage insurance rates for Borrower with this Conventional type program.
  • Seller contribution 3% maximum towards Buyers closing costs.
  • Purchase only, no construction to permanent loans - no investment properties.
  • Owner Occupants only-No Investors.
  • Cannot own any FINANCED real estate at the time of application.
  • Good verifiable work history required.
  • No First Time Home Buyer requirement and No Buyers Education Classes required. 
  • Gift Funds allowed.
  • Buyer must have at least $1000 for Closing Costs in the transaction. The Earnest Money can be used for the $1000 requirement. 
  • No cash back at closing.

2018 Conventional Preferred Plus Down Payment Assistance

House 2 Home (Sapphire) FHA Down Payment Assistance for ALL Florida Counties

  • Provides up to 4% in down payment assistance in ALL Florida Counties for FHA Loans
  • Down Payment Assistance is forgiven at the Closing table. 
  • Buyer does not need to be first time Home Buyer.
  • Origination fee 1.75% for FHA and USDA. 1% Origination fee for VA Loans.Buyer cash or Seller credit must be provided at Closing.
  • Must be primary residence, no Investors. 
  • Stick built homes or manufactured homes allowed for Government Agency loans (FHA, VA and USDA. 
  • 1-4 Units allowed, SFR, Duplexes, Triplexes, Quadraplexes, Mobile Homes-double wide's only
  • Buyer may own other properties.
  • Non-Owner Occupant Co-Borrowers ARE allowed.
  • 30 year fixed term.
  • Competitive mortgage Interest rates.
  • Can be used with VA Mortgages (4%), FHA Mortgages (4%) and USDA Mortgages (3%)
  • Borrower must qualify for FHA, USDA or VA Loan.
  • Supplemental Alternative credit NOT allowed.
  • Maximum Income Limits set at 140% FHA, VA or USDA of Florida County the house is located.
  • Conventional version of this product limits Area Median Income (AMI) to 115%.
  • Income limit is based off Qualifying income reported on the 1003, regardless of household size.
  • Maximum loan amount of FHA limits in area purchased. Generally the lesser of $424,100 (not including MI) or maximum loan amounts permitted by HUD.
  • FHA Purchase price limits.
  • Home Buyer Education required.
  • Lender credit not available.
  • Minimum middle FICO credit score is 620.
  • Maximum debt-to-income 45%-50% Depending on credit score and compensating factors.
  • 47% LTV or higher must have 12 months of rental history.
  • No Prepayment Penalty Fee if loan is paid out early.
  • No cash back to Borrower/Buyer
  • Seller can tribute up to 6% towards Buyers Closing Costs.
  • No 203k Renovation loans allowed.

Power Purchase Plus Program NO Mortgage Insurance (LPMI)

  • Power Purchase Plus Program that requires No Mortgage Insurance. 
  • Competitively priced Conventional Loan. 
  • No First Time Home Buyer requirement.
  • Requires 1% down payment from the Home Buyer.
  • 2% Grant from Non-Profit + 1% Home Buyer Funds equals %3 equity with a 97% eligible conforming loan.
  • First mortgage must meet FHLMC Home Possible Advantage eligibility. 
  • 2% Grant funds will be provided by a Non-Profit Agency.
  • No additional subordinate financing allowed.
  • Conforming loan amounts only.
  • No manual underwrites allowed. LP decisions only.
  • Primary Residences only. No Investment properties. No 2-4 units.
  • Manufactured Housing NOT allowed.
  • The Income limits are based on 100% AMI except those high cost and under-served counties where higher income limits are allowed.
  • Benefit-Under-served counties and those High Cost Counties included. (Exceeding 100% counties) increased income limit for those counties.
  • No sales price limits.
  • Required minimum middle credit score 640
  • Co-Signors/Non-occupying Co-Borrowers not allowed.
  • Borrower may have an ownership interest in other under certain conditions. (Please discuss with Loan Originator).  
  • Home Buyer Education required before Closing.

Power Purchase Program Reduced Mortgage Insurance

  • Power Purchase Program that offer reduced Mortgage Insurance payments.
  • Competitively priced Conventional Loan. 
  • No First Time Home Buyer requirement.
  • Requires 1% down payment from the Home Buyer.
  • 2% Grant from Non-Profit + 1% Home Buyer Funds equals %3 equity with a 97% eligible conforming loan.
  • First mortgage must meet FHLMC Home Possible Advantage eligibility. 
  • 2% Grant funds will be provided by a Non-Profit Agency.
  • No additional subordinate financing allowed.
  • Conforming loan amounts only.
  • No manual underwrites allowed. LP decisions only.
  • Primary Residences only. No Investment properties. No 2-4 units.
  • Manufactured Housing NOT allowed.
  • The Income limits are based on 100% AMI except those high cost and under-served counties where higher income limits are allowed.
  • Benefit-Under-served counties and those High Cost Counties included. (Exceeding 100% counties) increased income limit for those counties.
  • No sales price limits.
  • Benefit-MI is lower 25% coverage on a 97% LTV.
  • Required minimum middle credit score 620-719
  • Score over 720 will have a lower MI factor vs. FHA products.
  • Co-Signors/Non-occupying Co-Borrowers not allowed.
  • Borrower may have an ownership interest in other under certain conditions. (Please discuss with Loan Originator).  
  • Home Buyer Education required before Closing.

Rent-To-Own Program

  • You pick the house in an approved subdivision. The subdivision must be in the upper 50% rating of school county districts.
  • You secure the home with your first and last month's agreed upon rent and purchase price before the Investor purchases the home.
  • Institutional Investor purchases the home through Mid Florida Realty.
  • Build your credit over the next 12-24 months, or if you're just moving into the area and aren't sure where you want to live but don't want to live in an apartment. 
  • You can purchase the home using one of the Down Payment Assistance programs in the next 12 months to 24 months. 
  • OR you can rent the house at least 24 months with documented Bank Statement proof of on-time rental payments, (24 cancelled checks, or 24 money orders or 24 months automatic ACH drafts).
  • Credit scores and Fannie Mae guidelines allow you to qualify for a Conventional Mortgage to obtain the 0% Down Payment option and use your two months Security Deposit for Closing Costs. 0% program is based on the Fannie Mae Conventional mortgage loan guidelines.
  • New Homes may possibly be eligible depending on the Builders willingness to accept the State of Florida standard Real Estate Contract.
  • Minimum Rent-to Own FICO Score at the beginning of the process is 575 FICO.
  • Debt to Income ratio maximum is 45%.
  • Minimum Household verifiable income is $50,000 per year.
Start Florida Rent-to-Own Process NOW

2018 FHA - (HFA) Housing Finance Authority Home Sweet Home Down Payment Assistance program for Hillsborough, Pinellas, Duval, and Clay counties

Physicians 100% Program 

       Maximum loan amount $5,000,000                                                                                                Debt to income maximum 43%, must be a Qualified Loan to Value, when combined with              existing liens, are not to exceed the following:                                                                              $0 - $417,000 - 100%                                                                                                                    $417,001 - $1,000,000 – 95%                                                                                                        $1,000,001 - $2,500,000 – 90%                                                                                                    $2,500,001 - $5,000,000 – 80%                                                                                                    Ownership – primary residence only                                                                                              Credit Score/History – minimum middle score 700 with no bankruptcies, foreclosures,                  short  sales, or deed in lieu in the last 7 years                                                                              Reserves at the time of underwriting shall be equal to or greater than 2 months                            of Principal, Interest, Taxes, Insurance, Association Dues (PITIA)                                                Loan type – purchase only                                                                                                            Two independent appraisals shall be required for loans equal to or greater than                          $1,500,000 (Bank shall use the lowest of the two values for LTV purposes)                                Escrows preferred, but not required.                                                                                            • Types of properties – single family, town-homes, condominiums (on FNMA approved                     checklist)            

Manatee County Florida Key Ownership Program Homebuyer Down Payment Assistance Bond Program

2018 FHA - Housing Finance Authority Home Key Down Payment Assistance program for First Time Home Buyers - Pinellas County - Pasco County - Polk County

2018 Florida FHA State Bond Preferred Down Payment Assistance Program for All Florida Counties including Orange County, Osceola County, Lake County, Hernando County, Putnam County and Nassau County.

Miami-Dade HFA Down Payment Assistance 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 Miami-Dade county Florida who meet income, purchase price and other program guidelines, and can otherwise qualify for an FHA mortgage loan.
  • Maximum Purchase price = $317,646
  • Maximum Household Income per County
  • Miami-Dade (1 person household = $75,500) (2 + persons = $86,825) 
  • The down payment assistance comes in the form of a $15,000 - 0% interest, fixed-rate second mortgage Loan for Miami-Dade County. No monthly mortgage payments. To be repaid when property is leased, sold or refinanced.
  • Monthly payments on 2nd mortgage down payment assistance funds are not required.
  • Only one Florida down payment program can be used by the borrower per transaction.
  • The Down Payment Assistance loan is immediately repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home.
  • First Time Homebuyer's or Borrowers or Spouse have not owned a home in the last 3 years.
  • IRS Tax Returns filed for past 3 years for all Borrowers.
  • Doc Stamps $350/per $1000 Exempt on this program.
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home.
  • 44.99% Debt to Income or less for FHA and Freddie Mac loans and possible 49.99% for FNMA Conventional loans. See specific Lender guide lines.
  • Must be First Time Home Buyers or not have owned a home in past 3 years.
  • Low fixed mortgage interest rates.
  • Eligible Loan Types include Conventional (Fannie Mae HFA Preferred, Freddie Mac HFA Advantage), FHA, USDA, and VA loans.
  • Can purchase new or resale homes
  • Single Family Residences, Townhouses, Villas and Program APPROVED Condos, NO Manufactured homes.
  • Buyers must Occupy within 60 days of Closing.
  • 8 hour HUD approved Mortgage Counseling course required. HomeBuyer Education classes required. Certificates valid for 2-years.
  • Primary Residences only, no second homes or investment properties.
  • No Prepayment Penalty Fee if 1st mortgage loan is paid out early.
  • No cash back at closing, any excess funds will be used to pay down first mortgage. In excess money will be used as a Principle Reduction. 
  • 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 FICO scores credit score to qualify for Conventional loans. 
  • Minimum 660 FICO scores to qualify for FHA loans.
  • Bankruptcies discharged over 2 years or Foreclosures  older then 3 years, minimum 2 trade lines with no late's in last 12 months, No NSF's in last 6 months.
  • Co-Signers may be allowed in this program. Please discuss with Lender.
  • Lender credit not available.
  • No Manual underwrites on FHA loans.
  • Borrower Income from 1003 Mortgage Loan Application NOT Household income not required.
  • Income must be supported by pay stub's and 2 year history of continuous employment. Gaps in employment can be considered. 2 year overall employment required, not necessarily continuous employment required.
  • Refinances: Not permitted.

Luxury Down Payment Assistance program for High Priced Homes

Provides 1:1 matching funds up to $50,000.

  • Assistance must be repaid when property is sold.
  • Program designed to help avoid Private Mortgage Insurance because of much larger down payment.
  • Increases ability to purchase larger home without Mortgage Insurance.
  • Mortgage payments are lower because of Non- Jumbo interest rates and no mortgage insurance.
  • Appreciation equity is divided 50% between the Owners and the Lender when the Property is sold.
  • Equity that results from Owner paying down the mortgage is Owners equity alone and not split with Investor.
  • Primary Residences only.
  • 1003 Income only.
  • No Income Limits.
  • Maximum purchase price $500,000.
  • Fannie Mae (DU Approval Required)
  • No Bankruptcies in last 4 years and no foreclosures, Deed in Lieu, or Short Sales in last 7 years
  • Minimum middle credit score 640 with DU approval.
  • No Prepayment Penalty Fee if loan is paid out early.

City of Tampa Down Payment Assistance 

  • Provides up to $15,000 in the form of a 0% Interest 5 Year Forgivable second mortgage loan.
  • Deferred Monthly payment on up to $15,000 as long as the Owner remains in the home and is their Primary Residence.There are no payments on the second mortgage unless the Owner moves, Refinances, leases or defaults on the property within 5 years. 
  • At the end of 5 years, the second mortgage is forgiven.
  • Buyer must contribute at least $2000 towards Closing Costs.
  • Primary Residences only.
  • No Lender credit available.
  • Potential Buyers must begin process with one of four approved Housing Counseling Agencies and MUST NOT be under contract before they begin the process.
  • Total $14,999 max award. Down Payment up to 20% of the purchase price or $10,000 whichever is less, toward down payment. 50% of Closing Costs or $4999, whichever is less.
  • Maximum purchase price not to exceed $226,926.
  • Income must be at or under 140% of the HUD Median Income.
  • Income calculated from Household Income.
  • Debt ratios not to exceed 33/41%.
  • No Bankruptcies in last 2 years and no foreclosure last 3 years
  • Minimum middle credit score 600
  • Can be used with Conventional, FHA, VA loans. 
  • ARM's are not permitted. 
  • No Prepayment Penalty Fee if loan is paid out early.

Federal Home Loan Bank Down Payment Assistance Grant

USDA / Rural Development Loans

VA Loans

2017 OWN A HOME OPPORTUNITY
(Broward, Volusia, Lee, Sarasota, Charlotte, Collier, DeSoto, St Johns & Palm Beach Counties only)

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.This website is privately owned and has no official connection to the State of Florida.