By Phil Ganz
Edited by Ryan Skerritt
Our guide explores 68 first-time home buyer grants and programs available in Florida that will be funded through the end of 2025.
Learn how much financial aid you can receive, what you need to qualify, and check your eligibility.
Requirements for First-Time Home Buyer Grants & Programs
Understand that you, a first-time buyer in Florida, can access 26 grants and programs that may save you thousands of dollars buying your first home.
These include cash grants, tax credits, and reduced mortgage rates.
While each of these grants and programs have unique terms, the general qualifications include:
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Being a first-time home buyer according to the program's definition.
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Completing a home buyer education course.
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Adhering to specified income and purchase price limits.
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Purchasing a property in an approved area.
- Using the home as your primary residence.
State-Level Florida Down-Payment Assistance Programs
Florida has 5 state-level down payment assistance programs offered directly by the state, covering every county and region in Florida no matter where you plan to buy.
1. Florida Hometown Heroes Housing Program
Financial Aid Amount: Up to 5% of the first mortgage loan amount (maximum of $35,000)
Best For: First-time homebuyers in Florida who work full-time for a Florida-based employer or are military veterans
Program Benefits
- Up to 5% of the first mortgage amount (capped at $35,000) in down payment and closing cost assistance
- 0% interest, deferred second mortgage with no monthly payments
- Reduced mortgage insurance and no 1% origination fee, saving thousands in upfront costs
Requirements
- Must be a first-time homebuyer unless qualifying as a veteran or purchasing in a targeted area
- Must work full-time for a Florida-based employer (veterans exempt)
- Must meet income limits based on county and program type (Bond or TBA)
- Minimum FICO score of 640 (660 for MH/manual underwriting)
2. Florida Assist Second Mortgage
Financial Aid Amount: $10,000 second mortgage with 0% interest and deferred payments
Best For: Buyers who need down payment help without added monthly payments
Program Benefits
- Deferred, 0% interest second mortgage
- No monthly payments; paid only when you sell/refinance
- Can be used with most FL Housing first mortgage options
Requirements
- Must be used with approved FL Housing first mortgage
- Must meet standard program eligibility and income limits
- Primary residence only
3. Florida Standard TBA Loan Program
Financial Aid Amount: $10,000 in down payment and closing cost assistance
Best For: First-time buyers seeking government-backed FHA or VA loans with flexible repayment options
Program Benefits
- Choose between a 0% deferred loan or a 3% fixed second mortgage
- Compatible with FHA and VA loans with reduced mortgage insurance for low-income buyers
- Veterans and targeted area buyers may qualify without being first-time buyers
Requirements
- Must be a first-time homebuyer unless qualifying as a veteran or buying in a targeted area
- Must meet income and loan limits based on county and household size
- Must purchase a primary residence (single-family, condo, or townhome)
4. Florida PLUS TBA Loan Program
Financial Aid Amount: Up to 5% of the total loan amount in a forgivable second mortgage
Best For: First-time buyers using a conventional loan who want forgivable assistance with no monthly payments
Program Benefits
- Forgivable second mortgage with 0% interest and no payments
- Up to 5% in down payment and closing cost assistance
- Full loan forgiveness after 5 years of living in the home
Requirements
- Must be a first-time homebuyer unless qualifying as a veteran or buying in a targeted area
- Must use a Freddie Mac HFA Advantage loan (not compatible with FHA or VA)
- Must meet income limits based on county and household size
- Must occupy the home as a primary residence for 5 years
5. Florida Bond Loan Program
Financial Aid Amount: $10,000 in down payment and closing cost assistance
Best For: First-time homebuyers seeking flexible loan types and repayment options, including FHA, VA, USDA, and conventional loans
Program Benefits
- $10,000 assistance available as either a 0% deferred loan or 3% low-interest second mortgage
- Compatible with FHA, VA, USDA, and conventional loans
- Veterans and targeted area buyers can qualify without being first-time homebuyers
Requirements
- Must be a first-time homebuyer unless qualifying as a veteran or buying in a targeted area
- Must meet income and purchase price limits based on county and household size
- Must purchase a primary residence; no investment or vacation properties allowed
National-Level Down Payment Assistance Programs Available in Florida
These federally backed assistance programs are available to eligible homebuyers in Florida regardless of county and can be paired with many state or local aid options.
6. Florida FHA Loan Program
Financial Aid Amount: As low as 3.5% down payment with lenient credit requirements
Best For: Buyers with lower credit scores or limited savings for a down payment
Program Benefits
- Down payments as low as 3.5% with credit scores of 580+
- More flexible credit and DTI requirements than conventional loans
- Can be paired with many local and national DPA programs
Requirements
- Must use the home as your primary residence
- Minimum credit score of 580 for 3.5% down (500–579 requires 10%)
- Must meet FHA loan limits for your county
- Must pay upfront and monthly mortgage insurance premiums
7. Florida VA Home Loan Program
Financial Aid Amount: Up to 100% financing with no down payment required
Best For: Eligible veterans, active-duty service members, and surviving spouses
Program Benefits
- No down payment or private mortgage insurance required
- Competitive interest rates and relaxed credit standards
- One-time VA funding fee may be waived for disabled veterans
Requirements
- Must be a veteran, active-duty service member, or eligible surviving spouse
- Must meet service length and discharge status guidelines
- Must use the home as your primary residence
- Must obtain a Certificate of Eligibility (COE) from the VA
8. Arrive Home™ Earned Equity Program
Financial Aid Amount: Earn up to 100% of your home's equity over time without needing a traditional down payment or mortgage upfront.
Best For: Buyers with limited savings who want to build ownership gradually while living in the home
Program Benefits
- Earn ownership through monthly contributions while living in the home
- No traditional mortgage required at the start
- Can be used by U.S. citizens, permanent residents, DACA recipients, and non-permanent residents with ITINs
Requirements
- Primary residence only
- Minimum credit score of 580 (alternative credit accepted in some cases)
- Housing payment ≤ 43% of income; total debt ≤ 50%
- Proof of income required for primary occupant
9. $25,000 Down Payment Toward Equity Act
Financial Aid Amount: Receive up to $25,000 in federal grant funds to cover your down payment, closing costs, or lower your mortgage rate—no repayment required
Best For: First-generation, first-time homebuyers with limited income who want help with upfront home purchase costs
Program Benefits
- Provides up to $25,000 in grant funds—completely forgivable
- Can be used toward down payment, closing costs, or interest rate buydowns
- Helps close racial and generational wealth gaps in homeownership
Requirements
- Must be a first-time homebuyer (no home ownership in the past 3 years)
- Must be a first-generation buyer (parents have never owned a home)
- Household income must be ≤120% of area median income (or ≤180% in high-cost areas)
- Home must be used as your primary residence
- Must use a government-backed loan (FHA, VA, USDA, Fannie Mae, or Freddie Mac)
- Must complete a HUD-approved homebuyer education course
10. Florida USDA Rural Home Loan
Financial Aid Amount: 100% financing with no down payment for eligible rural homes
Best For: Low-to-moderate income buyers purchasing homes in designated rural areas
Program Benefits
- No down payment required and reduced mortgage insurance costs
- Competitive fixed interest rates for eligible rural properties
- Flexible credit and income guidelines for qualifying applicants
Requirements
- Must purchase a home in a USDA-eligible rural area
- Household income must be within USDA limits for the area
- Must use the home as your primary residence
- Must meet USDA creditworthiness and debt-to-income guidelines
11. HomeReady Loan Program
Financial Aid Amount: Up to 97% financing with just 3% down
Best For: Low-to-moderate income buyers with nontraditional income sources or lower credit scores (620+)
Program Benefits
- Allows boarder income and non-occupant co-borrowers to help qualify
- Reduced mortgage insurance, cancellable at 20% equity
- Only 3% down, and it can all come from gifts or grants
Requirements
- Total income must be at or below 80% of the Area Median Income (AMI)
- Minimum credit score of 620
- Must live in the home as a primary residence
12. Home Possible Loan Program
Financial Aid Amount: Up to 97% financing with only 3% down
Best For: Low-income buyers with stronger credit (660+) who don’t need boarder income to qualify
Program Benefits
- 3% down payment allowed, fully giftable
- Reduced mortgage insurance that can be canceled at 20% equity
- Allows rental income from ADUs and non-occupant co-borrowers
Requirements
- Income must be at or below 80% of the Area Median Income (AMI)
- Minimum credit score of 660 (some lenders allow 620)
- Must use the home as a primary residence
13. Fannie Mae Standard 97% LTV Loan
Financial Aid Amount: Up to 97% financing with 3% down, no income limits
Best For: Moderate-income buyers who don’t qualify for HomeReady but still want a low down payment conventional loan
Program Benefits
- 3% down with no income or geographic restrictions
- Ideal for buyers who earn too much for HomeReady but still need low upfront costs
- Offers cancellable mortgage insurance at 20% equity
Requirements
- At least one borrower must be a first-time homebuyer
- Minimum credit score of 620
- Must use the home as a primary residence
- Only available for 1-unit properties
14. FHFA First-Time Home Buyer Discount
Financial Aid Amount: Reduced interest rate that can save $10,000–$20,000+ over the life of a 30-year loan
Best For: First-time buyers using a Fannie Mae or Freddie Mac conventional loan who want lower monthly payments
Program Benefits
- Automatically reduces interest rates for eligible first-time homebuyers
- No separate application required—applied by participating lenders
- Helps lower long-term mortgage costs and monthly payments
Requirements
- Must be a first-time homebuyer (no homeownership in the past 3 years)
- Must use the home as a primary residence
- Must move in within 60 days of closing (exceptions for active-duty military)
- Income must be at or below Area Median Income (AMI)
- Must use a qualifying Fannie Mae or Freddie Mac conventional loan
15. National Homebuyers Fund (NHF)
Financial Aid Amount: Up to 5% of the loan amount; worth $10,000–$15,000 in average savings
Best For: Buyers nationwide (first-time or repeat) who need flexible down payment or closing cost help
Program Benefits
- Up to 5% assistance can be used for down payment or closing costs
- Available as a forgivable grant or repayable second mortgage
- Compatible with FHA, VA, USDA, and conventional loans
Requirements
- Minimum credit score of 600 (varies by program)
- Income limits up to 160% of Area Median Income (AMI)
- Must occupy the home as a primary residence within 60 days
16. Forgivable Mortgages
Financial Aid Amount: $5,000–$50,000 depending on program; fully forgiven after staying in the home for a set period
Best For: Buyers planning to live in the home long-term who want help with no repayment required
Program Benefits
- Down payment or closing cost loans that are fully forgiven after 5–10 years
- No monthly payments or interest during the forgiveness period
- Offered by local, state, and national programs across the U.S.
Requirements
- Must use the home as your primary residence for the required forgiveness period
- Must meet income and purchase price limits (varies by program)
- May be limited to first-time homebuyers or specific occupations
17. Discounted Homes from HUD
Financial Aid Amount: 10%–50% off the list price; potential savings of $10,000–$50,000+
Best For: Buyers interested in affordable housing in revitalization areas or homes needing renovation
Program Benefits
- Good Neighbor Next Door offers 50% off HUD homes for teachers, EMTs, police, and firefighters
- Dollar Homes Program allows cities to buy $25K-and-under homes for $1 to support local housing efforts
- HUD-approved nonprofits can access discounted homes for resale to low- and moderate-income families
Requirements
- Must be a qualifying public servant (for GNND) and live in the home for 36 months
- Dollar Homes only available to local governments; resale must support community housing
- Nonprofits must be HUD-approved and use properties for affordable homeownership
- Properties are sold as-is and may need significant repairs
18. Down Payment Loans
Financial Aid Amount: Up to $10,000; potential savings of $5,000–$15,000+ over the loan term
Best For: First-time and low-to-moderate-income buyers needing assistance with down payments or closing costs
Program Benefits
- Programs like Florida Housing's FL Assist offer up to $10,000 as a deferred-payment loan with 0% interest, repayable only upon sale, refinance, or if the home is no longer the primary residence
- Assistance can be applied toward down payments, closing costs, or other pre-closing expenses
- Available through state housing finance agencies and local governments across Florida
Requirements
- Must meet income and purchase price limits, which vary by program and location
- Typically requires completion of a homebuyer education course
- Property must be used as your primary residence
- Loan forgiveness or repayment terms often contingent on maintaining the home as your primary residence for a specified period
19. Deferred Mortgages
Financial Aid Amount: Typically $5,000–$50,000 in assistance, repayable only when you sell or refinance
Best For: Buyers who need upfront help but want to avoid monthly payments
Program Benefits
- Offers 0% interest loans with no required monthly payments
- Loan is deferred—only repaid when you sell, refinance, or move out
- Reduces upfront homebuying costs without increasing ongoing expenses
Requirements
- Must use the home as your primary residence
- Must meet income and home price limits (varies by county or city)
- Requires completion of a homebuyer education course
- Deferred status may last 5–30 years or until you move, sell, or refinance
20. $15,000 First-Time Home Buyer Tax Credit
Financial Aid Amount: Up to $15,000 in refundable federal tax credit savings
Best For: First-time homebuyers looking for extra financial support after closing
Program Benefits
- Refundable tax credit—get the full $15,000 even if you owe less in taxes
- Can be combined with other homeowner tax benefits like mortgage interest deduction
- Helps reduce overall cost of homeownership in your first year
Requirements
- Must be a first-time homebuyer (no homeownership in the past 3 years)
- Must meet income limits based on household size and location
- Home must be your primary residence
- Applies to homes purchased after December 31, 2020
21. Elevate DPA Grant Program
Financial Aid Amount: Up to 3.5% of the home’s purchase price; estimated savings of $7,000–$12,000+
Best For: Buyers who want a no-repayment grant and meet moderate income guidelines
Program Benefits
- Provides a grant (not a loan) for down payment or closing costs
- No repayment unless you refinance or pay off the loan within 6 months
- Compatible with FHA, Fannie Mae, and Freddie Mac loan products
Requirements
- Income must be at or below 160% of the Area Median Income (AMI)
- Minimum credit score of 620
- Must complete a homebuyer education course
- Home must be used as your primary residence
22. Rocket Mortgage ONE+ Program
Financial Aid Amount: 2% of the purchase price added by Rocket (up to ~$8,000), making total down payment up to 4.99%
Best For: Moderate-income buyers who want a lower down payment without repayment obligations
Program Benefits
- Buyer contributes as little as 1% down, and Rocket adds 2% as a grant
- No cap on Rocket’s 2% contribution, allowing for higher-cost homes
- Allows flexible down payment up to 4.99% total, improving affordability
Requirements
- Income must be ≤80% of Area Median Income (AMI)
- Minimum credit score of 620
- Must purchase a single-unit primary residence (includes condos, manufactured homes, and single-family homes)
- Works with conventional loan products
- Home must be buyer’s primary residence
23. United Wholesale Mortgage 1% Down Payment Program
Financial Aid Amount: 2% of the home’s price (up to $4,000); total 3% down payment support
Best For: Very low-income buyers looking for a fast path to homeownership with minimal upfront cash
Program Benefits
- Buyer puts down just 1%, and UWM contributes an additional 2% toward the down payment
- Total assistance is capped at $4,000, making it ideal for homes priced under ~$200,000
- Designed for borrowers working with independent mortgage brokers
Requirements
- Income must be ≤50% of Area Median Income (AMI)
- Works with Freddie Mac’s Home Possible® mortgage
- Must be a first-time homebuyer purchasing a primary residence
- Loan-to-value (LTV) must be 97%
- May include manufactured or single-family homes (confirm with broker)
24. United Wholesale Mortgage 0% Down Purchase Program
Financial Aid Amount: 3% of the home’s price (up to $15,000), plus $2,500 extra for very-low-income buyers
Best For: Low-income buyers with limited savings who want true 0% down financing
Program Benefits
- 3% second lien loan with no interest and no required monthly payments
- Extra $2,500 credit for borrowers under 50% of Area Median Income (AMI)
- Repayment only due at refinance or payoff
Requirements
- Income must be ≤ 80% of AMI
- Must meet Freddie Mac Home Possible® guidelines
- Minimum credit score: 620
- Must use an approved mortgage broker
- Primary residence only
25. FHA Simply Solar Loan Program
Financial Aid Amount: Up to $13,000 (3.5% of the purchase price) + 30% Federal Solar Tax Credit
Estimated Lifetime Savings: $20,000–$30,000+ in utility bill savings, tax credits, and home value increase
Best For: Florida buyers who want lower upfront costs, no energy bills, and a home that appreciates in value
Program Benefits
- Use up to $13,000 for anything: down payment, savings, or debt
- Includes solar in your FHA loan—no separate financing needed
- Reduces energy bills and qualifies for a 30% Federal Tax Credit
Requirements
- Must qualify for an FHA loan (min 580 credit score, 3.5% down, <43% DTI)
- Solar must be installed within 90 days of closing
- Property must pass solar assessment and be in eligible Florida counties (excluding Panhandle)
- $13,000 is taxable and reported via 1099
26. Good Neighbor Next Door (GNND) Program
Financial Aid Amount: 50% off the home’s list price (potential savings of $100,000+ in some markets)
Best For: Teachers, law enforcement officers, firefighters, and EMTs committed to revitalizing communities
Program Benefits
- Purchase HUD-owned homes in revitalization areas at half price
- Only $100 down payment required when using an FHA loan
- 50% discount becomes yours after 3 years of primary residence
Requirements
- Must be a full-time pre-K–12 teacher, law enforcement officer, firefighter, or EMT
- Must commit to living in the home as your sole residence for 36 months
- Property must be located in a HUD-designated revitalization area
- Must not own any other residential property at the time of purchase
County and City DPA Programs: South Florida
South Florida’s county and city down payment assistance programs offer localized support for first-time homebuyers, providing funds for down payments or closing costs based on regional needs, eligibility rules, and available funding.
27. Miami-Dade County Homebuyer Down Payment Assistance Program
Financial Aid Amount: Up to $35,000 interest-free loan with no monthly payments required
Best For: Miami-Dade residents with modest incomes purchasing their first home and needing help with upfront costs
Program Benefits
- Deferred, 0% interest loan with no monthly payments
- Loan repayment due only upon sale, refinance, transfer of title, or death
- Forgiveness structure: 100% repayable if sold within 3 years, 50% within 4–6 years, 0% after 6 years
Requirements
- Must be a Miami-Dade County resident at time of application and closing
- Must be a first-time homebuyer under federal definition
- Income must fall under limits (e.g., ≤$136,500 for a household of 4)
- Must contribute at least 1% of purchase price from own fund
28. Miami-Dade Advocacy Trust Grant
Financial Aid Amount: Up to $28,500 in a 0% interest, no-payment loan for down payment and closing costs
Best For: Buyers purchasing a primary home in Miami-Dade who want long-term, forgivable assistance
Program Benefits
- Loan is fully forgivable after 20 years of primary residence occupancy
- No monthly payments and 0% interest during the loan period
- Can be combined with other assistance programs if homebuyer education is completed
Requirements
- Must purchase a primary residence in Miami-Dade County
- Must contribute 1% or 3% of purchase price from own funds, based on income
- Must meet income limits based on household size
- Homebuyer education may be required when combining with other programs
29. Miami-Dade HFA First-Time Homebuyer Program
Financial Aid Amount: Up to $15,000 in 0% interest down payment assistance as a deferred second mortgage
Best For: First-time homebuyers in Miami-Dade County who want a fixed low-rate mortgage with added down payment help
Program Benefits
- Up to $15,000 in down payment assistance at 0% interest, deferred until sale or refinance
- 30-year fixed-rate mortgage through HFA-approved lenders
- Eligible for condos, townhomes, and 1–4 unit properties
- May be combined with other community down payment programs
Requirements
- Must be a first-time homebuyer (no ownership in the past 3 years)
- Minimum credit score of 660
- Must be employed in the same line of work for at least 24 months
- Income limits: $130,525 (1–2 people) or $136,200 (3+ people)
- Home must be in Miami-Dade County and used as your primary residence
- Purchase price must be within FHA, VA, or Conventional loan limits
30. City of Fort Lauderdale Purchase Assistance Program
Financial Aid Amount: Up to $75,000 in down payment, closing cost, and principal reduction assistance
Best For: First-time buyers in Fort Lauderdale seeking large, deferred-payment home purchase support
Program Benefits
- Up to $75,000 in assistance as a 15-year deferred payment loan
- Applies to eligible single-family homes, townhomes, condos, or villas
- No interest or monthly payments required while in compliance
Requirements
- Must purchase a property within the Fort Lauderdale city limits
- Must be a first-time homebuyer per HUD/SHIP definitions
- Eligible home types: single-family, townhouse, condo, or villa (no mobile/manufactured homes)
- Must fall within 2025 HUD income limits (e.g., $92,200 max for a family of 4)
- Loan is due upon sale, title transfer, or non-occupancy within 15 years
31. Hallandale Beach First-Time Homebuyer Grant
Financial Aid Amount: Up to $100,000 in down payment and closing cost assistance, plus additional incentives for eligible professions
Best For: First-time buyers in the Hallandale Beach CRA needing large down payment support, especially essential workers
Program Benefits
- Up to $100,000 in assistance for affordable housing buyers (50%–120% AMI)
- Up to $10,000 in additional funds for workforce housing buyers (120%–140% AMI)
- Extra $5,000 incentive for first responders, teachers, and nurses
Requirements
- Must be a first-time homebuyer
- Income must fall within program limits (50%–140% of Broward County median)
- Minimum credit score of 640
- Must complete an 8-hour HUD-certified homebuyer education course
- Property must be located within the Hallandale Beach CRA district
32. Fort Lauderdale Purchase Assistance Program
Financial Aid Amount: Up to $75,000 in deferred loan assistance for down payment, closing costs, or principal reduction
Best For: First-time buyers purchasing a home in Fort Lauderdale who need substantial financial assistance
Program Benefits
- Up to $75,000 in assistance as a 15-year deferred payment loan
- Funds can be used for down payment, closing costs, or principal reduction
- Available for existing or newly built homes within Fort Lauderdale city limits
Requirements
- Must be a first-time homebuyer under federal definition
- Household income must fall within HUD low-to-moderate income limits
- Eligible properties include single-family homes, townhouses, condos, and villas
- Mobile and manufactured homes are not eligible
- Property must be located within Fort Lauderdale city limits
33. City of Lauderhill Purchase Assistance Program
Financial Aid Amount: Up to $75,000 in down payment and closing cost assistance through a deferred second mortgage
Best For: Income-eligible first-time buyers in Lauderhill seeking flexible home purchase support
Program Benefits
- Up to $75,000 for very low-income, $65,000 for low-income, and $40,000 for moderate-income buyers
- 0% interest deferred loan with SHIP forgiveness or HOME recapture terms
- Funds may be used for down payment and closing costs on new or existing homes
Requirements
- Must be a first-time homebuyer and complete a HUD-approved 8-hour education course
- Must obtain mortgage from a participating lender following city guidelines
- Minimum 3% buyer contribution required (at least 1% from own funds)
- Assisted home must be insured and located within city limits
- Cash assets after closing must not exceed $40,000
- New construction must have a certificate of occupancy within the past 12 months
34. City of Pembroke Pines SHIP Purchase Assistance Program
Financial Aid Amount: Grant amount varies based on household size and income; structured as a 10-year deferred loan
Best For: First-time homebuyers in Pembroke Pines who need down payment help and can meet mortgage readiness requirements
Program Benefits
- Grant assistance based on household income and size
- Deferred loan forgivable after 10 years if all conditions are met
- Funds can be used toward down payment and closing costs
Requirements
- Must be a first-time homebuyer and use home as primary residence
- Must be mortgage-ready and provide a lender pre-approval letter
- Must complete an 8-hour HUD-approved homebuyer education course
- Must submit a full application package, including purchase contract and IRS transcripts
- Subject to 10-year recapture if title changes or property is no longer primary residence
35. Broward County Homebuyer Purchase Assistance (HPA) Program
Financial Aid Amount: Up to $40,000 in most areas; up to $50,000 in Davie, Plantation, and Hollywood; up to $80,000 in Weston
Best For: First-time homebuyers in Broward County seeking a deferred 0% interest loan for down payment and closing costs
Program Benefits
- 0% interest deferred loan with no monthly payments, forgivable after 15 years of primary residence use
- Assistance can be used for down payment, closing costs, or gap financing
- Supports FHA, VA, conventional, and bond loan products
Requirements
- Must be a first-time homebuyer with income under 80% AMI (up to 140% AMI in select cities)
- Minimum 3% contribution (at least 1% must be from buyer’s own funds)
- Must complete HUD-approved homebuyer education from a South Florida agency
- Eligible homes include single-family, condos, townhomes, must meet HQS and code standards
- Not eligible if liquid assets exceed $100,000 or $50,000 after closing
- Must occupy the home as primary residence for the full 15-year term
36. Broward County CDBG Purchase Assistance Program
Financial Aid Amount: Up to 3% of home purchase price
Best For: First-time buyers in select Broward County cities who meet low-income limits and need flexible purchase assistance
Program Benefits
- 0% interest, 15-year deferred second mortgage with no monthly payments
- Funds may be used toward down payment, closing costs, or gap financing
- Available in 25+ Broward County cities and unincorporated areas
Requirements
- Must complete HUD-approved homebuyer education
- Must contribute at least 3% of the purchase price (not required for VA loans)
- Home must pass a comprehensive inspection and be owner-occupied
- Household income must be at or below 80% of AMI (e.g., $92,200 for 4-person household)
- Eligible properties include single-family homes, townhomes, villas, and condos
- Mobile homes and co-ops are not eligible
37. Palm Beach County SHIP Purchase Assistance Program
Financial Aid Amount: Up to $100,000 in assistance for down payment, closing costs, or acquisition of a first home
Best For: First-time homebuyers in Palm Beach County earning up to 140% AMI and seeking long-term housing stability
Program Benefits
- Deferred 0% interest loan secured for 30 years, fully forgiven if all terms are met
- Covers down payment, closing costs, new construction, or acquisition of a home
- Available to moderate-income buyers earning up to $163,660 for a household of 4
Requirements
- Must be a first-time homebuyer under HUD guidelines
- Must complete a HUD-approved 8-hour homebuyer education course
- Must have a mortgage pre-approval from a recognized lender
- Cannot own a home at time of application or exceed $200,000 in liquid assets
- Purchase price limit is $568,557; home must be primary residence
- Application requires full documentation including ID, income, bank statements, and tax returns
38. Palm Beach County HOME First-Time Homebuyer Program
Financial Aid Amount: Up to $100,000 in assistance for down payment, closing costs, acquisition, or new construction
Best For: Low-income first-time homebuyers in Palm Beach County seeking long-term affordability and stability
Program Benefits
- Deferred 0% interest loan, fully forgiven after 30 years if all terms are met
- Covers acquisition, down payment, closing costs, and even rehab or new construction
- Serves households earning up to 80% AMI (e.g., $85,650 for a household of 4)
Requirements
- Must be a first-time homebuyer per HUD definition
- Must complete a HUD-approved 8-hour homebuyer education course
- Must have a first mortgage pre-approval at time of application
- Purchase price must not exceed $568,557 and home must be a primary residence
- Must provide extensive documentation including income, ID, and tax returns
- Must not exceed liquid asset limit or currently own a home
County and City DPA Programs: Central Florida
Central Florida’s local DPA programs provide financial assistance to homebuyers across cities and counties in the region, helping cover down payments and closing costs with varying levels of support and qualification rules.
39. City of Orlando Down Payment Assistance Program
Financial Aid Amount: Up to $45,000 based on household income and need
Best For: First-time buyers purchasing a home in Orlando who need help with upfront costs
Program Benefits
- Up to $45,000 in down payment and closing cost assistance
- Available for very low, low, and moderate-income buyers
- Special consideration for educators, city employees, and displaced residents
Requirements
- Must be a first-time homebuyer (no ownership in past 3 years)
- Must live in Central Florida region for past 12 months
- Complete a HUD-approved homebuyer education workshop
- Secure a fixed-rate first mortgage from a City-registered lender
- Contribute at least $1,000 ($500 for low/very low-income buyers)
40. Orange County FL Down Payment Assistance Program
Financial Aid Amount: Up to $70,000 in down payment and closing cost assistance based on income category
Best For: First-time homebuyers in Central Florida counties needing flexible support for modest home purchases
Program Benefits
- Up to $70,000 for very low-income buyers, $40,000 for low-income, $10,000 for moderate-income
- 10-year deferred payment loan, forgiven annually if terms are met
- Can be used for eligible closing costs and down payment on homes up to $345,000
Requirements
- Must not have owned a home in the past 3 years (some exceptions apply)
- Minimum middle credit score of 620
- Buyers must contribute $500–$1,000 based on income tier
- Must be a resident for 12+ months in Orange, Osceola, Lake, Polk, Brevard, Seminole, or Volusia counties
- Home must be owner-occupied and not a mobile home
- Must complete a HUD-approved homebuyer education course
41. HANDS of Central Florida Down Payment Assistance Program
Financial Aid Amount: Up to $38,000 in total assistance for very low-income buyers in Polk County
Best For: First-time homebuyers in Lakeland or Polk County who can afford a mortgage but lack upfront funds
Program Benefits
- Very low-income buyers may receive $30,000 + $8,000 in closing cost assistance
- Low-income buyers receive $20,000 + $8,000; moderate-income buyers get $15,000 + $6,000
- Free credit counseling and pre-purchase support available from HANDS
Requirements
- Must be a first-time homebuyer purchasing in Lakeland or Polk County
- Must qualify as very low-, low-, or moderate-income per Florida SHIP income limits
- Buyer must be mortgage-ready and work with a lender approved by HANDS
- Home must be used as a primary residence
- Application available on the HANDS of Central Florida website
42. Volusia County Homebuyer Assistance Program
Financial Aid Amount: Up to $50,000 in down payment and closing cost assistance
Best For: Income-eligible first-time homebuyers purchasing a home in Volusia County with support from an approved housing partner
Program Benefits
- Zero-interest, 15-year deferred loan—no monthly payments required
- Assistance covers down payment and closing costs
- Designed to make homeownership affordable for low- to moderate-income buyers
Requirements
- Must be a first-time homebuyer and income-eligible per HUD guidelines
- Must apply through a Volusia County Affordable Housing Partner (AHP)
- Home must be located in Volusia County and used as the buyer’s primary residence
- Funds available on a first-come, first-qualified basis
- Applicants must complete pre-screen interview and full application process
43. Sumter County Down Payment Assistance Program
Financial Aid Amount: Up to $20,000 for down payment, closing costs, and other acquisition-related expenses
Best For: First-time homebuyers in Sumter County seeking help with upfront homebuying costs
Program Benefits
- Up to $20,000 in SHIP funds available per buyer
- 0% interest loan secured by a subordinate mortgage and promissory note
- Funds may cover down payment, mortgage buydown, inspection fees, and more
Requirements
- Must be a first-time homebuyer purchasing a newly built or existing site-built home
- No borrower contribution required out of pocket
- Assistance is awarded on a first-qualified, first-served basis
- Must complete eligibility steps and application through Sumter County Housing Division
44. City of Gainesville Down Payment Assistance Program
Financial Aid Amount: Up to $30,000 in down payment and closing cost assistance
Best For: First-time buyers purchasing a home within Gainesville city limits who need help with upfront costs
Program Benefits
- Up to $30,000 awarded as a due-on-sale loan forgiven after 10 years
- Workshops offered monthly with no cost or exam required
- Education covers credit, budgeting, inspections, and home maintenance
Requirements
- Must be a first-time homebuyer under HUD or displaced homemaker definition
- Must complete a full-day Homebuyer Education Workshop
- Gross household income must fall under HUD income limits
- Property must be located within Gainesville city limits
- Purchase price limit: $258,000 (existing homes) or $313,000 (new homes)
- Property must be single-family, condo, or townhouse; mobile homes not eligible
45. City of Melbourne Purchase Assistance Program
Financial Aid Amount: Up to $44,500 in down payment, closing cost, and repair assistance
Best For: First-time buyers purchasing a home in Melbourne needing flexible support and repair funds
Program Benefits
- Maximum aid: $44,500 for very low-income buyers, $42,000 for low-income, $34,500 for moderate
- Includes up to $10,000 in repair assistance based on actual need
- 0% interest deferred loan forgiven over 5 or 10 years depending on aid amount
Requirements
- Must be a first-time homebuyer (no ownership in past 3 years)
- Must purchase within Melbourne city limits; mobile homes not eligible
- Attend a 5-hour Homebuyer Education workshop through CHI
- Must qualify for a 30-year fixed-rate mortgage at market rate
- Minimum personal contribution: $1,000–$2,000 depending on income
- Repair funds require three bids and apply only to code-related or hurricane-related improvements
46. City of Palm Bay Down Payment Assistance Program
Financial Aid Amount: Up to $67,400 for very low-income households, $57,400 for low-income
Best For: First-time homebuyers in Palm Bay who need help with down payment, closing costs, and repairs
Program Benefits
- Assistance in the form of a 0% interest deferred loan recorded as a second mortgage
- Repair funds available for existing homes based on inspector-verified needs
- Good faith contribution covers half of required down payment based on loan type
Requirements
- Must be a first-time homebuyer (no ownership in last 3 years)
- Purchase must be within Palm Bay city limits; mobile homes not eligible
- Must attend a 5-hour homebuyer education workshop
- Only fixed-rate conventional, FHA, or VA loans at market rate are accepted
- Household income must fall under HUD income limits for Brevard County
- Assets over $5,000 must be used toward the purchase; no NSF in past 4 months
47. City of Titusville First-Time Homebuyer Program
Financial Aid Amount: Up to $70,000 in down payment, closing cost, and interest rate buy-down assistance
Best For: First-time homebuyers in Titusville who need flexible, deferred loans with no monthly payments
Program Benefits
- 0% interest loan with no monthly payments
- Forgiveness starts after year 5, based on assistance amount
- Funds can cover down payment, closing costs, and interest rate reductions
Requirements
- Must purchase a home within Titusville city limits
- Must use the home as primary residence throughout the loan term
- Repayment required upon sale, title transfer, or move-out before term ends
- Repayment includes a share of net appreciation upon resale
- Contact CHI at 321-253-0053 to apply
48. City of Cocoa Purchase Assistance Program
Financial Aid Amount: Up to $37,400 in down payment, closing cost, and repair assistance
Best For: Very-low and low-income buyers purchasing a home in the City of Cocoa
Program Benefits
- Up to $37,400 in aid as a 0% interest deferred-payment loan
- Loan is forgivable over 10 years at 10% per year
- Funds can be used for down payment, closing costs, and needed repairs
Requirements
- Must be a very-low or low-income household based on HUD limits
- Home must be within Cocoa city limits and valued under $172,000
- Pre-1978 homes, mobile homes, and manufactured housing are ineligible
- Buyer must obtain a 30-year fixed-rate mortgage and complete a homebuyer class
- Cash contribution: $500 (very low-income) or $750 (low-income)
49. Brevard County SHIP Purchase Assistance Program
Financial Aid Amount: Up to $22,400 in down payment, closing cost, and repair assistance
Best For: First-time homebuyers in Brevard County with limited assets and modest incomes
Program Benefits
- Deferred-payment 0% interest loan recorded as a second mortgage
- Forgiveness varies by amount and ranges from 10 to 15 years
- Assistance may cover inspections, appraisals, and required repairs
Requirements
- Must be a first-time homebuyer (no ownership interest in last 3 years)
- Home must be located in Brevard County and not be a mobile home
- Income must not exceed 120% of area median income
- Liquid assets must be under $8,000; no NSF in past 6 months
- Must complete a 5-hour homebuyer education workshop
- Contribution of $500–$1,000 required depending on income
County and City DPA Programs: Tampa Bay
Tampa Bay’s down payment assistance programs are offered by local governments across Hillsborough, Pinellas, and Pasco counties to help first-time buyers afford homeownership with grants or low-interest second mortgages.
50. City of Tampa “Dare to Own the Dream” Program
Financial Aid Amount: Up to $50,000 in forgivable down payment and closing cost assistance
Best For: Income-eligible buyers purchasing a home in the City of Tampa with long-term residency plans
Program Benefits
- Up to $50,000 based on household income (0% interest, no monthly payments)
- Fully forgivable after 20 years of owner occupancy
- Supports FHA, VA, and conventional affordable mortgage options
Requirements
- Must begin process through an approved Housing Counseling Agency
- Use an approved lender and real estate agent listed by the City
- Minimum $2,000 buyer contribution (at least $1,000 from own funds)
- Mid-credit score of 600; back-end DTI cannot exceed 50%
- Primary residence in City of Tampa with purchase price ≤ $450,000
- Home inspection and HQS inspection required before closing
51. Hillsborough Home Sweet Home Program
Financial Aid Amount: Up to $25,000 in zero-interest deferred loan for down payment and closing costs
Best For: First-time buyers in Hillsborough, Brevard, Duval, or Clay Counties needing low-interest mortgage support and DPA
Program Benefits
- Zero-interest second mortgage with no monthly payments, up to $25,000
- Eligible for FHA, VA, USDA, and Freddie Mac HFA Advantage loans
- Can be used with other local DPA programs and offers optional MCC tax credit
Requirements
- First-time homebuyer status (or veteran/targeted area exemption)
- Minimum credit score of 640 and DTI max of 45–50%
- Homebuyer education required; income limits apply by household size
- Must occupy property as primary residence within 60 days
- Property must be within eligible counties and meet loan-specific guidelines
52. City of St. Petersburg Housing Down Payment Assistance Program
Financial Aid Amount: Up to $75,000 in down payment and closing cost assistance
Best For: First-time buyers in St. Pete seeking large forgivable assistance with 0% interest
Program Benefits
- 0% interest loan up to 20% of purchase price + $5,000 in closing cost aid
- Fully forgivable after 10 years for buyers below 120% AMI in SSCRA
- Available for single-family homes, condos, townhomes, and co-ops
Requirements
- Must contribute 1% of the purchase price
- Household income must be ≤140% AMI (limits vary by location)
- Must complete 8-hour HUD-certified homebuyer education course
- Home must be within St. Pete municipal boundaries
- Primary mortgage must be affordable and fixed-rate
53. Pinellas County Housing Finance Authority First-Time Homebuyer Program
Financial Aid Amount: $12,000 in deferred down payment and closing cost assistance
Best For: First-time buyers in Pinellas County needing mortgage + DPA support with 0% interest
Program Benefits
- Fixed-rate first mortgage + $12,000 Home Key Plus 2nd mortgage assistance
- 0% interest, deferred-payment loan due only if home is sold, refinanced, or rented
- Minimum credit score of 660 with FHA, VA, USDA, and Freddie Mac HFA Advantage
Requirements
- Must be a first-time buyer or veteran
- Complete HUD-approved homebuyer education course
- Income must fall within limits (≤ $95,500–$133,700 depending on family size and location)
- Purchase price must be ≤ $510,939 (non-target area) or ≤ $624,481 (target area)
- Home must be a primary residence in Pinellas County
54. Hernando County SHIP Down Payment Assistance Program
Financial Aid Amount: Up to $50,000 in forgivable loan assistance for eligible homebuyers
Best For: First-time buyers in Hernando County seeking down payment and closing cost support
Program Benefits
- 0% interest deferred loan that is forgivable after meeting term requirements
- Funds can be used for down payment, closing costs, and principal reduction
- Supports new construction, resale homes, and properties needing rehab
Requirements
- Must be a first-time homebuyer with income at or below 120% AMI
- Property must be located in Hernando County and not be a mobile or manufactured home
- Loan repayment required if home is sold, transferred, or no longer owner-occupied
- Must obtain pre-approval from a lender and submit a complete application
County and City DPA Programs: North Florida & Panhandle
From Pensacola to Jacksonville, North Florida and Panhandle counties offer diverse down payment assistance programs that help eligible buyers with upfront homebuying costs through grants, forgivable loans, and local incentives.
55. City of Jacksonville Down-Payment Assistance Home Ownership Program
Financial Aid Amount: Up to $25,000 toward down payment or closing costs (75% of required amount)
Best For: First-time buyers in Duval County earning up to 120% AMI who don't qualify for federal aid
Program Benefits
- Up to $25,000 in local down payment and closing cost assistance
- Applies to new or existing single-family homes, townhomes, and condos
- Helps renters transition to ownership even without HUD qualification
Requirements
- Must be a first-time homebuyer and Duval County resident for 24+ months
- Income must be ≤120% of Area Median Income (varies by household size)
- Home must be in Jacksonville/Duval County and ≤ $335,000 in value
- Minimum buyer down payment of $500 and home inspection required
- Must complete homebuyer education; repayment terms apply if sold within 3 years
56. City of Pensacola ARPA Down Payment Assistance Program
Financial Aid Amount: Up to $30,000 in down payment and closing cost assistance via ARPA funds
Best For: Low-income homebuyers in Pensacola who need help with upfront homeownership costs
Program Benefits
- Zero-interest deferred payment loan up to $30,000
- Funding supports both down payment and closing costs
- Funded through the American Rescue Plan Act (ARPA)
Requirements
- Home must be within Pensacola city limits
- Household income must be within ARPA low-income limits
- Must qualify for a primary mortgage from a participating lender
- Completion of a HUD-certified 8-hour homebuyer education course
- Property must be used as the buyer’s principal residence
- Purchase price must be within Florida Housing Finance limits
57. SHIP First Time Homebuyers Program – Pensacola & Escambia County
Financial Aid Amount: Up to $45,000 in down payment and closing cost assistance based on income
Best For: First-time homebuyers in Pensacola or Escambia County with low to moderate incomes
Program Benefits
- Up to $45,000 in SHIP funds for down payment and closing costs
- Zero-interest deferred payment loan—no monthly payments required
- Jointly offered by City of Pensacola and Escambia County
Requirements
- No homeownership or interest in homesteaded property in the past 3 years
- Household income must be within SHIP limits
- Must qualify for a mortgage through an approved participating lender
- Completion of 8-hour HUD-certified homebuyer education course required
- Mobile or manufactured homes are not eligible
- Home must be primary residence and meet purchase price limits
58. Escambia County HFA Homeownership Program
Financial Aid Amount: Second mortgage for down payment and closing costs paired with a fixed-rate first mortgage
Best For: Homebuyers in Escambia and 20+ Florida counties needing upfront cost assistance and a competitive rate
Program Benefits
- 30-year fixed-rate mortgage with down payment assistance option
- No Florida documentary stamp tax or recapture tax on Governmental loans
- Available in Escambia and 20+ other counties statewide
Requirements
- Must work with a participating lender in an eligible county
- Home must be within purchase price limits set by ECHFA
- Loan must be used for a primary residence
- Down payment assistance must be used only for DP and closing costs
- Program terms and interest rates vary by mortgage type and day
59. City of Panama City First-Time Homebuyers Program
Financial Aid Amount: Up to $50,000 in down payment and closing cost assistance through SHIP and HHRP
Best For: First-time buyers in Panama City seeking financial help with upfront homebuying costs and counseling support
Program Benefits
- Up to $50,000 in down payment and closing cost aid
- Includes free homebuyer counseling and education
- Assistance provided as a second mortgage with no monthly payments
Requirements
- Must not have owned a home in the past 3 years
- Home must be in Panama City and priced under $300,000
- Eligible property types include single-family, townhome, condo, or post-1994 mobile home
- Must complete a HUD-approved homebuyer education course before closing
- Pre-approval from a mortgage lender is required
- Income must fall within SHIP program limits
60. Bay County SHIP First-Time Homebuyer Program
Financial Aid Amount: SHIP funds available for down payment, closing costs, and minor repairs (amount varies)
Best For: First-time homebuyers in Bay County looking for flexible assistance on eligible property types
Program Benefits
- Assistance with down payment, closing costs, and small repairs
- Loan is 100% forgiven after 15 years of occupancy
- Eligible property types include modular and post-1994 manufactured homes
Requirements
- Must be a first-time homebuyer and complete a HUD-certified education class
- Pre-approval from a mortgage lender is required
- Application must be submitted to Bay County Housing Services or via ReHouse Bay
- Home must be owner-occupied for at least 15 years or repayment is prorated
- Home must be located in Bay County and meet SHIP eligibility criteria
County and City DPA Programs: Southwest Florida
Southwest Florida's local governments provide a range of down payment assistance options that support first-time buyers with financial help, including grants and deferred loans tailored to county-specific needs and income levels.
61. Lee County FirstPlus Down Payment Assistance Program
Financial Aid Amount: Up to $10,000 in down payment and closing cost assistance as a 0% deferred second mortgage
Best For: First-time buyers in Lee County needing flexible, affordable assistance paired with FHA, VA, or USDA financing
Program Benefits
- Up to $10,000 as a deferred second mortgage at 0% interest for 30 years
- Works with FHA, VA, and USDA-RD loans
- No asset limit and homebuyer education is optional, not required
Requirements
- Must be a first-time homebuyer (no ownership in the past 3 years)
- Minimum FICO score of 640 required
- Maximum debt-to-income (DTI) ratio of 45%
- Primary residence occupancy required within 60 days of closing
- Must meet income limits and standard FHA, VA, or USDA underwriting
62. Lee County CDBG Homeownership Assistance Program
Financial Aid Amount: Up to $75,000 in down payment and mortgage assistance via second mortgage
Best For: First-time homebuyers in unincorporated Lee County needing large-scale DPA with no monthly payments
Program Benefits
- Up to $75,000 in assistance based on income and housing need
- 0% interest second mortgage forgivable after 5 years of residency
- Supports single-family homes, condos, and PUDs under $380,000
Requirements
- Home must be in unincorporated Lee County and used as a primary residence
- Applicants must not own other residential property at the time of closing
- HUD-certified homebuyer education course completion required
- Must meet income limits (e.g., $64,300 for household of four)
- Home must appraise at or above purchase price and cannot include a pool
63. Lee County HOME Down Payment Assistance Program
Financial Aid Amount: Up to $24,500 in down payment and closing cost assistance
Best For: First-time buyers in Lee County purchasing existing homes needing help with upfront costs
Program Benefits
- Up to 10% of purchase price (max $24,500) as a 0% interest second mortgage
- Deferred payment for 10 years; prorated repayment only if terms are not met
- Funds can be used for both down payment and closing costs
Requirements
- Must purchase an existing home in Lee County (CO issued at least 1 year prior)
- Home must be single-family, condo, PUD, or qualifying mobile/manufactured home
- Home must not have a pool or in-law unit and must appraise at or above sales price
- Buyer must complete a HUD-approved homebuyer education course
- Must not own another home and must occupy property as homestead
- Household income must be ≤ $68,100 (4-person household, 2023 limits)
64. Collier County SHIP Purchase Assistance Program
Financial Aid Amount: Up to $10,000 for Essential Services Personnel, with larger awards available based on income and need
Best For: First-time buyers in Collier County—including Naples, Marco Island, and Everglades City—seeking down payment and closing cost help
Program Benefits
- Zero-interest, deferred payment loan with no monthly payments
- No repayment required if home is not sold or transferred within 30 years
- Eligible for properties up to $685,786 in all areas of Collier County
Requirements
- Must be a first-time homebuyer or qualified displaced homemaker/single parent
- Home must be owner-occupied and used as the borrower’s primary residence
- Complete a County-approved HUD homebuyer education course
- Must be pre-approved for a first mortgage
- Household income must meet SHIP income limits
- Property must be within Collier County, including Naples, Marco Island, or Everglades City
65. City of Marathon First Time Homebuyer Assistance Program
Financial Aid Amount: Up to $20,000 in down payment assistance for eligible buyers in Marathon, FL
Best For: Low- and moderate-income families in Marathon seeking affordable homeownership with long-term support
Program Benefits
- Up to $20,000 in assistance as a 0% interest deferred-payment loan
- No monthly payments required
- Loan is prorated and forgivable after 30 years of primary residence occupancy
Requirements
- Must be a first-time homebuyer purchasing within the City of Marathon
- Applicant must be low- or moderate-income
- Completion of homebuyer education is required
- Loan becomes repayable if home is sold, transferred, or no longer primary residence within 30 years
- Application must be submitted through the City’s Planning Department
66. Manatee County HFA Homeownership Program
Financial Aid Amount: $15,000 in down payment and closing cost assistance as a deferred 0% second mortgage
Best For: First-time buyers in Manatee County who want stable mortgage rates and long-term tax savings
Program Benefits
- $15,000 second mortgage with 0% interest and no payments for 30 years
- Paired with 30-year fixed-rate first mortgage and 20% annual MCC tax credit
- Available for condos, townhomes, PUDs, and single-family homes in Manatee County
Requirements
- Must be a first-time buyer (no homeownership in the last 3 years) unless military veteran
- Minimum credit score of 640 required
- Income must not exceed $145,500
- Maximum purchase price: $561,333 (non-target) or $686,073 (targeted areas)
- Second mortgage due upon sale, refinance, rental, or at year 30
County and City DPA Programs: Treasure Coast & North-Central Florida
This region features a mix of coastal and inland counties offering down payment assistance to help eligible homebuyers with upfront costs, often through SHIP or CDBG-backed programs tailored to local housing needs.
67. St. Lucie County Attainable Housing Grant Program
Financial Aid Amount: Up to $2,500 in grant funding for eligible closing-related expenses
Best For: Low-income homebuyers in St. Lucie County needing help with final home purchase costs
Program Benefits
- Up to $2,500 in assistance applied directly to closing costs
- Funds can be used for inspections, title fees, insurance, and more
- No repayment required; awarded as a direct grant, not a loan
Requirements
- Must purchase a primary residence in St. Lucie County
- Income must fall within Florida Bond Program limits ($81,234 for 1–2 persons; $93,419 for 3+)
- Must submit application 21 business days before closing
- Must show verifiable income and a signed purchase contract
- Grant funds must appear on the closing disclosure (unless using FHA loan)
68. Martin County SHIP & HOME Housing Assistance Programs
Financial Aid Amount: Varies by program; includes rental assistance and housing rehab grants for income-eligible residents
Best For: Very low to moderate-income households in Martin County seeking rent help, housing repairs, or neighborhood improvements
Program Benefits
- Rental assistance through HOME TBRA for seniors earning under 60% AMI
- Housing rehabilitation funds available for eligible low-income homeowners
- CDBG support for infrastructure, economic development, and home repairs
Requirements
- Must reside in Martin County and meet income limits based on household size
- Applicants for TBRA must be 62+ and contribute at least $150 or 30% of income toward rent
- CDBG applicants must be low to moderate income and reside in eligible areas
- Applications are processed on a first-come, first-complete basis
- Rental units must not be leased from family members
Frequently Asked Questions About Florida First-Time Home Buyer Grants & Programs
Buying your first home in Florida? These are the most common questions people ask when searching for down payment assistance, state programs, and city-specific grants.
What are the best first-time home buyer programs in Florida for 2025?
The top-rated programs include the Florida Hometown Heroes Program (up to $35,000 in assistance), the $10,000 Florida Assist Second Mortgage, and local grants like the $70,000 Orange County DPA and $100,000 Hallandale Beach Grant. These offer 0% interest loans, forgivable grants, and flexible eligibility.
How much down payment assistance can I get in Florida?
Assistance ranges from $2,500 to over $100,000 depending on the program. Statewide programs like Florida Assist provide $10,000, while county-specific grants like Palm Beach SHIP offer up to $100,000 based on income.
Who qualifies as a first-time home buyer in Florida?
You’re considered a first-time homebuyer if you haven’t owned a primary residence in the past 3 years. Exceptions apply for veterans and buyers in federally targeted areas.
Is there truly free money available to buy a house in Florida?
Yes. Many programs offer forgivable loans or outright grants—no repayment required if you stay in the home for the required period. These include the Miami-Dade Advocacy Trust Grant and the $25K Down Payment Toward Equity Act.
What is the Florida Hometown Heroes Program?
This flagship state program offers up to 5% of your loan amount (max $35,000) in down payment and closing cost help for Florida-based workers. It’s a 0% interest loan with no payments unless you sell or refinance.
What income limits apply to Florida homebuyer assistance?
Most programs cap eligibility at 80–140% of Area Median Income (AMI). Some programs allow up to 160% AMI, like the Elevate Grant and Home Possible loan.
How do I apply for a Florida first-time home buyer program?
Complete a HUD-approved homebuyer education course, get pre-approved by a participating lender, and submit income, credit, and asset documentation with your application to the relevant city, county, or program provider.
What credit score do I need to qualify?
Most programs require a credit score of 620–640. FHA loans allow 580, and some grants like the Simply Solar FHA Program require only 580 as well.
Can I combine multiple programs to maximize assistance?
Yes. Buyers often combine a Florida Housing program with local grants (e.g. Miami-Dade or Orlando) and national programs like HomeReady or VA Loans to reduce out-of-pocket costs.
Are there programs that help with closing costs too?
Yes. Nearly every DPA program allows funds to be used for closing costs, including Florida PLUS, St. Petersburg’s program, and USDA-backed assistance.
Do I need to take a homebuyer education course?
Yes. Almost all Florida DPA programs require a HUD-approved 8-hour course. Some cities like Pembroke Pines require proof before you can even apply.
What cities or counties offer the most assistance?
Miami-Dade, Broward, Palm Beach, Orange, and Hillsborough counties offer the highest amounts—ranging from $50,000 to $100,000 depending on income and program.
Can I get down payment assistance for condos or manufactured homes?
Yes, depending on the program. Many allow condos (e.g. Florida Bond Loan Program, HFA programs), and select programs allow manufactured homes if they meet HUD guidelines.
How long does it take to get approved?
Approval typically takes 2 to 6 weeks depending on the program and how quickly you complete the education, gather your paperwork, and work with a lender.
Can I use these programs with an FHA or VA loan?
Yes. Most programs support FHA, VA, USDA, and even conventional loans like HomeReady and Home Possible. Make sure your lender is approved for the specific program you choose.
With over 50 years of mortgage industry experience, we are here to help you achieve the American dream of owning a home. We strive to provide the best education before, during, and after you buy a home. Our advice is based on experience with Phil Ganz and Team closing over One billion dollars and helping countless families.
About Author - Phil Ganz
Phil Ganz has over 20+ years of experience in the residential financing space. With over a billion dollars of funded loans, Phil helps homebuyers configure the perfect mortgage plan. Whether it's your first home, a complex multiple-property purchase, or anything in between, Phil has the experience to help you achieve your goals.
About Editor - Ryan Skerritt
Ryan Skerritt has over 10+ years of experience in the residential financing space. With over two hundred and fifty million of funded loan volume, Ryan has the skill set to help any homebuyer configure the perfect mortgage plan.
