Down payment assistance programs Florida is available to assist you in buying your first home. Florida provides several programs that will aid with closing costs and down payments.
To help quality first-time homebuyers in purchasing a new or existing home, the Down Payment Assistance Program offers financial aid.
We consider a person who did not own a home in the previous three years a first-time homebuyer.
Anybody making a purchase in a federally designated targeted region, active military personnel, qualifying veterans, and qualified civilians may also qualify.
List of Down Payment Assistance Programs Florida
The following programs for down payment assistance are available from Florida Housing to qualified buyers:
1. Broward County Homebuyer Purchase Assistance Program
Broward County is aware that many people who can make monthly mortgage payments lack the down payment needed to buy a house.
Potential homeowners can get over this obstacle with the aid of the down payment support provided by the Broward County Homebuyer Purchase Assistance Program.
Eligibility Requirements:
1. Only first-time homeowners with yearly household incomes below 80% of the region’s median income are eligible for the program.
2. Prior to applying, borrowers must also attend and complete a HUD counseling class.
3. All borrowers are required to pay a $750 transaction fee to the Housing Finance Authority of Broward County besides making a down payment of 1% of their own money.
CLICK HERE to Apply
2. Hardest Hit Fund Down Payment Assistance
The Hillsborough First with Hardest Hit Fund (HHF) Down Payment Assistance Program is a service provided by the Housing Finance Authority of Hillsborough County to assist people in realizing their aspirations of becoming homeowners.
The program is designed to assist first-time homeowners who lack the savings necessary for sizable down payments and closing fees.
Eligibility Requirements:
1. The borrower and their spouses (both occupants and non-occupants) must be Americans who are purchasing their first house.
2. They must successfully finish a pre-purchase homebuyer education program.
CLICK HERE to Apply
3. Escambia County Down Payment
In order to assist people in achieving their dreams of becoming homeowners, Florida’s Escambia Housing Finance Authority County developed the Down Payment and Closing Cost Assistance Program.
The program aids prospective homeowners in paying the substantial up-front costs of mortgage transactions, such as the down payment and closing charges.
Eligibility Requirements:
1. Borrowers who have owned a main house within the last three years are ineligible; they must be first-time homebuyers.
2. But qualifying veterans and buyers of homes in a certain targeted region are exempt from this.
CLICK HERE to Apply
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