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Local Florida Down Payment Assistance
Local Down Payment Assistance Programs
Florida Down Payment Assistance Local
Learn About Florida Down Payment Assistance
The following mortgage down payment assistance programs were developed by local Florida counties and municipalities. See more information about statewide Florida down payment assistance programs.
Brevard County
Brevard County
Brevard County offers the following Local Down Payment Assistance:
- First Time Home Buyer Program
- Maximum interest-free loan of $20,000 or 25% of the sales price (whichever is less)
- Liquid assets cannot exceed $8,000
- Buyers are expected to make a minimum contribution of $500-$1,000 of their own funds, depending on income limits
- Approved for use with conventional, FHA, or VA first mortgages
- To qualify for down payment assistance in Florida, buyers are required to complete a 5.5-hour Homebuyer Education workshop with Community Housing Initiative (CHI).
Homebuyer Education
Collier County
Collier County
Local Down Payment Assistance program available in Collier County:
- SHIP Down Payment/Closing Cost Assistance
- May qualify up to 3x the amount of down payment or 4% of the sales price (whichever is less)
- Deferred interest-free loan repayable upon payoff of first mortgage, sale of home or transfer of title
- Maximum allowable purchase price is $300,000
- Property must be located within unincorporated Collier County, City of Naples, or Everglades City
- To qualify, buyers are required to complete a Homebuyer Education course offered by the Housing Development Corporation of Southwest Florida.
Homebuyer Education
Daytona Beach
Daytona Beach
Daytona Beach offers the following Local Down Payment Assistance:
- Affordable Home Ownership Assistance Program (AHOAP)
- Maximum loan of $40,000
- 15-year deferred loan forgiven if all terms of the program are met
- Buyer must contribute a minimum of $500 of their own funds toward the purchase
- Maximum allowable purchase price is $237,031.20
- Approved for use with Conventional, FHA, or VA first mortgages
- To qualify, buyers are required to complete a Homebuyer Homeownership Education class and successfully complete credit counseling.
Homebuyer Education
Delray Beach
Delray Beach
Local Down Payment Assistance program available in Delray Beach :
- CODA Subsidy
- Maximum loan of $85,000
- Deferred loan is forgiven if the terms of the program are met
- Total Household Income cannot exceed 120% of the Palm Beach County Area Median Income
- Buyer must contribute a minimum of $1,500 of their own funds toward down payment
Hernando County
Hernando County
Local Down Payment Assistance program available in Hernando County:
- SHIP Down Payment Assistance Program
- Maximum interest-free loan of 20% of the sales price
- Loan repayable upon payoff of first mortgage, sale of home or transfer of title
- Maximum allowable purchase price is $240,158
- To qualify, buyers are required to complete a First Time Home Buyers Education class conducted by Consumer Credit Counseling Services (CCCS).
Homebuyer Education
Highlands County
Highlands County
Highlands County offers the following Local Down Payment Assistance:
- SHIP Purchase Assistance Program
- Maximum loan of $10,000
- Total Household Income cannot exceed 120% of the Area Median Income
- Maximum allowable purchase price is $189,682
- To qualify for Florida down payment assistance, buyers are required to complete a Homebuyer and Money Skills Training Class provided by the Board of County Commissioners at no charge.
Homebuyer Education
Hillsborough County
Hillsborough County
Hillsborough County offers the following Local Down Payment Assistance:
- First Time Homebuyer Program
- Maximum loan of $65,000
- Total Household Income cannot exceed 120% of the Area Median Income
- Maximum allowable purchase price is $150,575
- To qualify, buyers are required to complete an 8-hour homebuyer education class.
Homebuyer Education
Lauderhill
Lauderhill
Local Down Payment Assistance programs available in Lauderhill:
- SHIP First Time Homebuyer Purchase Assistance Program
- Maximum interest-free loan of $10,000 or 20% of the sales price (whichever is less)
- 5-year declining lien, forgiven annually at 20% of the original amount
- Maximum allowable purchase price is $250,000
- Buyer is required to contribute a minimum of 2% of the purchase price
- Approved for use with Conventional, FHA, or VA first mortgages
- Maximum no-interest loan of $50,000 or 20% of the purchase price (whichever is less)
- Deferred loan is forgiven if the terms of the program are met
- Total Household Income cannot exceed 120% of the Area Median Income
- Maximum allowable purchase price of $280,642
- Property must be foreclosed and purchased at a discount of at least 5% of the appraised value
- Approved for use with Conventional, FHA, or VA first mortgages
- To qualify, buyers are required to complete a HUD-approved 8-hour homebuyer education class.
Neighborhood Stabilization Program (NSP)
Homebuyer Education
Lee County
Lee County
Lee County offers the following Local Down Payment Assistance:
- Neighborhood Stabilization Program (NSP)
- Maximum no-interest loan of 50% of the sales price
- 15-year deferred loan is forgiven if the terms of the program are met
- Total Household Income cannot exceed 120% of the Area Median Income
- Property must be foreclosed and purchased at a discount of at least 1% of the appraised value
- Buyers are expected to make a minimum contribution of $500-$1,200 of their own funds
- Approved for use with Conventional, FHA, VA, or RD first mortgages
- To qualify for down payment assistance in Florida, buyers are required to complete a HUD-approved 8-hour homebuyer education class.
Homebuyer Education
Miramar
Miramar
Miramar offers the following Local Down Payment Assistance:
- Neighborhood Stabilization Program (NSP)
- Maximum no-interest loan of 20-50% of the sales price
- Deferred loan is forgiven if the terms of the program are met
- Maximum allowable purchase price of $250,000
- Property must be foreclosed and purchased at a discount of at least 1% of the appraised value
- Buyers must contribute a minimum of 1% of the purchase price of their own funds
- Approved for use with Conventional, FHA, or VA first mortgages
- Participants are not required to be first time homebuyers
Orange County
Orange County
Local Down Payment Assistance programs available in Orange County:
- SHIP Down Payment Assistance Program
- Maximum interest-free loan of $25,000
- 15-year deferred loan is forgiven if the terms of the program are met
- Total Household Income cannot exceed 120% of the Area Median Income
- Buyer must contribute up to 1% of the purchase price or $1,000 of their own funds (whichever is less)
- Maximum allowable purchase price of $219,000
- Maximum interest-free loan of $20,000
- 15-year deferred loan is forgiven if the terms of the program are met
- Total Household Income cannot exceed 120% of the Area Median Income
- Buyer must contribute up to 3.5% of the sales price towards the purchase for FHA loans
- To qualify for SHIP, buyers are required to complete a pre-purchase and post-purchase homebuyer’s education seminar. To qualify for NSP, buyers are required to complete a free Homeonwer's education workshop.
Neighborhood Stabilization Program (NSP)
Homebuyer Education
Orlando
Orlando
Orlando offers the following Local Down Payment Assistance:
- Neighborhood Stabilization Program (NSP) Disposition Assistance
- Maximum interest-free loan of 40% of the sales price to assist with 50% of down payment and closing costs
- 20-year deferred loan is forgiven if the terms of the program are met
- Total Household Income cannot exceed 120% of the Area Median Income
- Buyer must contribute 1.75% of the sales price towards the purchase for FHA loans
Osceola County
Osceola County
Osceola County offers the following Local Down Payment Assistance:
- Neighborhood Stabilization Program (NSP)
- Maximum interest-free loan of up to $60,000
- Deferred loan is forgiven if the terms of the program are met
- Total Household Income cannot exceed 120% of the Area Median Income
- Buyer must contribute a minimum of $1,000 of their own funds toward the purchase
- Eligible areas include St. Cloud, Poinciana, BVL and Kissimmee
- To qualify for Florida down payment assistance, buyers are required to complete an 8-hour HUD-approved Homebuyer counseling session.
Homebuyer Education
Palm Beach County
Palm Beach County
Local Down Payment Assistance program available in Palm Beach County:
- HOME First Time Homebuyer’s Program
- Maximum interest-free loan of up to $75,000
- 30-year deferred loan is forgiven if the terms of the program are met
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price of $280,000
- Buyer must contribute a minimum of $1,000 of their own funds toward the purchase
- Properties located in Boca Raton, Boyton Beach, Delray Beach, and West Palm Beach are excluded
- To qualify, buyers are required to complete a 6-hour homebuyer education course.
Homebuyer Education
Palm Coast
Palm Coast
Palm Coast offers the following Local Down Payment Assistance:
- Neighborhood Stabilization Program (NSP)
- Maximum interest-free loan of up to 20% of purchase price and up to 50% of down payment (if needed) plus all closing costs
- Deferred loan is forgiven if the terms of the program are met
- Buyer must contribute a minimum of $1,000 of their own funds toward the purchase
- Property must be foreclosed and purchased at a discount of at least 1% of the appraised value
- Approved for use with Conventional, FHA, VA, or RD first mortgages
- To qualify, buyers are required to complete an 8-hour HUD-approved Homebuyer counseling session and NSP City Homebuyer’s orientation.
Homebuyer Education
Pasco County
Pasco County
Local Down Payment Assistance program available in Pasco County:
- Neighborhood Stabilization Program (NSP)
- Maximum interest-free loan of up to 50% of purchase price or $20,000 (whichever is less)
- Total Household Income cannot exceed 120% of the Area Median Income
- Maximum allowable purchase price of $240,000
- Buyers are expected to make a minimum contribution of $500-$1,200 of their own funds
- Property must be foreclosed and purchased at a discount of at least 1% of the appraised value
- To qualify, buyers are required to complete a county-sponsored homebuyer education course.
Homebuyer Education
Pembroke Pines
Pembroke Pines
Pembroke Pines offers the following Local Down Payment Assistance:
- Neighborhood Stabilization Program (NSP)
- Maximum interest-free loan of up to $25,000 or 50% of down payment and closing costs (whichever is less)
- 15-year deferred loan is forgiven if the terms of the program are met
- Property must be foreclosed and purchased at a discount in accordance with Federal regulations
- To qualify, buyers are required to complete an 8-hour HUD-approved homebuyer counseling session.
Homebuyer Education
Pinellas County
Pinellas County
Pinellas County offers the following Local Down Payment Assistance:
- Down Payment Assistance
- Maximum interest-free loan of $5,000
- 5-year deferred loan
- Maximum allowable purchase price of $175,750
- Buyer must contribute a minimum of 2% of the purchase price
- Maximum interest-free loan of 5,000
- Loan repayable upon payoff of first mortgage, sale of home or transfer of title
- Maximum allowable purchase price is $190,000
- Buyer contribution must match that of the lender
- Must attend a budgeting workshop in addition to the “Dream of Homeownership” workshop
- Minimum interest-free loan of $14,000
- Loan repayable upon payoff of first mortgage, sale of home or transfer of title
- Maximum allowable purchase price of $145,000
- Buyer must contribute a minimum of 2% of the purchase price
- To qualify, buyers are required to complete a county-approved “Dream of Homeownership” Home buying workshop.
Homebuyer Education
Polk County
Polk County
Local Down Payment Assistance program available in Polk County:
- Neighborhood Stabilization Program (NSP)
- Total Household Income cannot exceed 120% of the Area Median Income
- Buyer can expect to pay 2-4% of the purchase price as closing costs
- Approved for use with Conventional, FHA, or VA first mortgages
- Targeted Areas:
- Auburndale
- Combee
- Eaton Park
- Inwood
- Jan Phyl Village
- Kathleen
- Poinciana
- South Lake Wales
- Wabash
- Wahneta
- Auburndale
- To qualify, buyers are required to complete an 8-hour homebuyer education class.
Homebuyer Education
Sarasota
Sarasota
Sarasota offers the following Local Down Payment Assistance:
- Down Payment Assistance Program (DAP)
- Maximum interest-free loan of $20,000
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price of $150,000
- Buyer must contribute a minimum of $2,150 of their own funds
- To qualify, buyers are required to complete a Homebuyer Education course.
Homebuyer Education
Tallahassee
Tallahassee
Tallahassee offers the following Local Down Payment Assistance:
- Tallahassee Lender’s Consortium Down Payment Assistance
- Maximum interest-free loan of $13,000
- Loan is repayable upon payoff of first mortgage, sale of the home, or transfer of title
- Maximum allowable purchase price of $200,160
- Buyer must contribute a minimum of $500 of their own funds
- To qualify, buyers are required to complete a homebuyer education course.
Homebuyer Education
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About Local Florida Down Payment Assistance
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Copyright © 2011 Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.
Copyright © 2011 Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.
Meridian Home Mortgage Corporation NMLS #56301. Licensed by the Virginia State Corporation Commission #MC-3680; Commonwealth of Pennsylvania Department of Banking #21605; State of Maryland #8196; Connecticut Banking Commission #11930; Delaware Bank Commissioner #7885, District of Columbia MLB56301; Florida Office of Regulation MLD172; Massachusetts Division of Banks Broker #MB56301; Kentucky MB 72686; Washington CL-56301; Oregon ML-4979; Georgia Department of Banking and Finance #33346.
Loans are arranged through third parties. We arrange but do not make loans.
Meridian Home Mortgage Corporation is located at 1363 N. Main St Hampstead, Maryland 21074
Meridian Home Mortgage Corporation is located at 1363 N. Main St Hampstead, Maryland 21074