2017 Florida First Time Home Buyer Grant Programs!

Updated 6-18-2017

Programs & Grants for First Time Home Buyers that allow you to receive either grants of between $5000 to $15,000 or a 0%-zero-percent interest 2nd mortgage loan to purchase a home!

Below are some of the very best Florida First Time Home Buyer programs. Some of these programs don't have requirements for First Time Home Buyers. However some of the programs do require that you haven't owned a Principle Residence for the past 3 years. Typically, all these programs are called First Time Home Buyer Programs. 

This website is brought to you by Mid Florida Realty. 

To be Pre-Qualified or discuss the individual programs, please apply below or call 863-800-1011

For All other Florida Counties not listed above please call 863-229-0125.


Simple & Free! Click Here TO BE PRE-APPROVED

Did you know you can purchase a Florida home with as little as $2500 down?
- $1500 Earnest money deposit
- $400 Professional home inspection
- $450 Lender's appraisal

2017 INCOME LIMITS & ACQUISITION LIMITS

2017 NON-HHF Conventional Income and Purchase Limits
2017 HHF Conventional Income and Purchase Limits
2017 NON-HHF - FHA Income and Purchase Limits
2017 HHF FHA Income and Purchase Limits
2017 Pinellas - Pasco - Polk Income and Purchase Limits
2017 Own A Home Opportunity Grant Income Limits
2017 Sapphire Income Limits
2017 MCC Purchase Price Limits
2017 MCC Income Limits

Currently serving the following counties with telephone support:

 Hillsborough, Pasco, Pinellas, Polk, Lake, Charlotte, Sarasota, Orange, Clay, Manatee, Hernando, Putnam, St Johns, Osceola, Duval, Flagler, Nassau and Volusia Counties. 

Sapphire FHA Down Payment Assistance

  • Provides up to 4.5% 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.
  • Must be primary residence, no Investors.
  • 30 year fixed term.
  • Competitive mortgage Interest rates.
  • Can be used with VA Mortgages (4.5%), FHA Mortgages (4.5%) and USDA Mortgages (3%)
  • Borrower must have at least 1 active trade line.
  • Supplemental Alternative credit allowed .
  • Maximum Income Limits set at 115% of Florida County the house is located.
  • Maximum purchase price of FHA limits in area purchased. Generally the lesser of $417,000 (not including MI) or maximum loan amounts permitted by HUD
  • Lender credit available not available.
  • Minimum middle FICO credit score is 620.
  • Maximum debt-to-income 47%
  • 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.

Federal Home Loan Bank Down Payment Assistance Grant for First Time Home Buyers

Hillsborough, Pasco, Pinellas, Polk, Orange, Clay, Osceola, Duval, Volusia, St Lucie, Brevard Counties. County Housing Finance Authority Hardest Hit Fund Conventional First Time Home Buyers Assistance Program

Hillsborough, Pasco, Clay, Pinellas, Polk, Orange, Osceola, Duval, Volusia, St Lucie, Brevard Counties. Housing Finance Authority FHA First Time Home Buyers Assistance Program

  • Maximum purchase price (please see the 2017 Income and Acquisition Limits above 
  • 30-year, fixed-rate first mortgage loans originated by trained and approved lenders throughout the State of Florida. The program is offered to all borrowers who meet income, purchase price and other program guidelines, and can otherwise qualify for a FHA loan. Borrowers who qualify for this first mortgage program are automatically qualified for one of Florida Housing's down payment assistance programs.
  • The Down Payment Assistance amount is $15,000 at 0% Interest for all the Hardest Hit Fund Counties.
  • $15,000 Grant forgiven at a rate of 20% per year.
  • Buyer must contribute at least $1000 towards purchase price.
  • Down Payment Assistance Loans must be repaid upon sale of house, refinance, or the property becomes and investment property. Must remain Primary Residence.
  • The assistance comes in the form of a 0% interest, fixed-rate second mortgage of $15,000 grant. Only one Florida Housing down payment assistance program can be used by the borrower and only in conjunction with the FTHB program first mortgage products.
  • This program targets applicants whose incomes are at or below 140% of the area median income (AMI), adjusted for family size for Hardest Hit Fund County.
  • Applicants must qualify for either a Conventional or FHA 1st mortgage to qualify for the First Time Home Buyer Program. 
  • First Time Home Buyer or Spouse haven't owned a property for at least 3 years
  • Homebuyers cannot have any outstanding Judgments or Liens.
  • Minimum 640 FICO credit score to qualify.
  • ALL bank deposits OUTSIDE of payroll require detailed explanations.
  • Cosigners are permitted for FHA loans as per FHA Guidelines. Cosigners cannot be named on the Warranty Deed. Cosigners are NOT permitted on Conventional loans per FNMA Guidelines.
  • Income Limitations: Please see Income Limits for FHA HHF that includes the 5 Hardest Hit Fund Counties.
  • No bankruptcies discharged within 2 years, no foreclosures within 3 years.
  • Excessive irregular deposits may be counted as income and projected forward unless receipts can prove otherwise. 
  • Do NOT have to pay Intangible Tax or Documentation Stamps (savings of approximately .05% of loan amount)
  • Must Occupy property within 60 days of Closing.
  • 6-8 Hour Homebuyers course required and Certificate of Completion awarded. Certificate must be given to Lender as proof that Home Buyer Education course was successfully completed.
  • Homebuyer Education required for all named on Deed on property including Wives and Husbands not named on the mortgage..
  • Maximum 44.9% Debt to Income Ratio including new Escrowed Mortgage Payments and all recurring monthly debts.
  • Lender credit not available.
  • Buyers can use Non-Owner Occupants to co-sign the loan but a full Underwrite is required of the Non-Owner Occupant on same Mortgage Application. FHA ONLY NOT Conventional Bond. Co-Borrower named on Mortgage only and cannot be named on Warranty Deed.
  • Primary residence only, no investment property, no mobile homes and no refinances
  • No cash back at closing, any excess funds will be used to pay down first mortgage. However, borrowers are permitted a reimbursement of prepaids and reimbursement of overage of earnest money deposit to the extent any minimum contribution has been satisfied and permitted by Agency guidelines.

2017 HFA Conventional Preferred Down Payment Assistance - Excluding Hardest Hit Fund Counties

2017 HFA Conventional Preferred Plus Down Payment Assistance for Florida First Time Home Buyers - All Counties

2016 FHA Florida Housing First Time Homebuyer Down Payment Assistance Bond Program - All Counties Excluding 11 Hardest Hit Counties.

Hillsborough-Clay-Brevard Counties and City of Jacksonville 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 Hillsborough, Brevard, Clay Counties and City of Jacksonville Florida who meet income, purchase price and other program guidelines, and can otherwise qualify for a loan.
  • Maximum Purchase price: please see Purchase Price link above for all "Purchase Price Limits all counties.
  • The assistance comes in the form of a $15,000 - 0% interest loan, fixed-rate second mortgage . Only one Florida down payment program can be used by the borrower per transaction per transaction.
  • The Down Payment Assistance loan is repaid if the homebuyer sells the home, transfers ownership, satisfies or refinances the first mortgage, or ceases to occupy the home. This program targets applicants whose incomes are at or below 120% of the HUD area median income (AMI), adjusted for family size.
  • Maximum Household Income for all people in household 18 years and above. Please see 2016 FHA-HHF Income limits above.
  • First Time Homebuyers or Borrowers or Spouse have not owned a home in the last 3 years.
  • Receive $15,000 in State of Florida bond money with no monthly payment required. 
  • Interest Free loan of $15,000 for Hillsborough County Florida County Down Payment Assistance.
  • Intangible Taxes and State Documentation Stamps NOT exempt with this product.
  • Minimum Funds directly from Buyer of $1000.00 to Close on Home
  • Minimum 660 FICO credit score to qualify
  • 44.9% Debt to Income or less
  • Low fixed mortgage interest rates. As of 7-4-2016 the base interest rate is 3.875%. APR may be higher depending on who pays for APR items. 
  • Can purchase new or resale homes
  • 8 hour HUD approved Mortgage Counseling course required
  • No Bankruptcies in last 2 years and no foreclosure last 3 years
  • Primary Residences only, no investments, no mobile homes or second homes.
  • No Prepayment Penalty Fee if loan is paid out early
  • No cash back at closing, any excess funds will be used to pay down first mortgage. However, borrowers are permitted a reimbursement of prepaids and reimbursement of overage of earnest money deposit to the extent any minimum contribution has been satisfied and permitted by Agency guidelines.
  • Lender credit not available.
  • Credit restrictions: Minimum 660 middle FICO, Bankruptcies discharged over 2 years and Foreclosures 3 years, 3 trade lines with no lates in last 12 months, No NSF's in last 6 months, Non-traditional credit not allowed.
  • Income must be supported by paystubs and 2 year history of continuous employment.
  • Buyers can use Non-Owner Occupants to co-sign the loan but a full Underwrite is required of the Non-Owner Occupant on same Mortgage Application. FHA ONLY NOT Conventional Bond. Co-Borrower named on Mortgage only and cannot be named on Warranty Deed.
  • Refinances: Not permitted.

2017 Housing Finance Authority - FHA Pinellas - Polk - Pasco County Florida First Time Homebuyer Down Payment Assistance Program

2017 FHA Manatee County Florida Homebuyer Down Payment Assistance Bond Program

2017 OWN A HOME OPPORTUNITY

                             (Lee, Sarasota, Collier, DeSoto, & Palm Beach Counties only) 

Freedom First Closing Cost Assistance program for NO FICO CREDIT or LOW FICO Score Buyers

  • 30-year, fixed-rate FHA first mortgage loans originated by trained and approved lenders throughout the State of Florida. The program is offered to all borrowers who purchase price and other program guidelines, and can otherwise qualify for a loan. 
  • No income limits.
  • No FICO credit scores but alternative credit such as rental history, cell phone statements, utility statements etc...
  • No first time home buyer requirement.
  • up to 2% of the loan amount is in the form of a Lender credit that does not require repayment by the borrower. (http://floridadownpaymentassistance.com/) This can ONLY be used for Closing Costs, NOT the down payment.
  • This program allows for higher borrower income limits without credit scores.
  • This program can be used anywhere in the State of Florida.
  • Ratio's = 33% frontend and 43% backend with 3.5 % down payment due from Buyer in the form of the Earnest Money Deposit, the appraisal fee and the rest of the 3.5% at Closing.
  • No cash back at closing, 
  • 1 unit only - Single Family Residence, Townhomes & Condos with 96.5% LTV or below.
  • No household income limitation- Only Applicant(s) income for qualification purposes.
  • Seller contribution 6% maximum towards Buyers closing costs.
  • Purchase only, no construction to permanent loans - no investment properties.
  • Purchase price limits determined by FHA guidelines only
  • Owner Occupants only-No Investors.
  • 2 hour Buyer education required or any HUD approved agency (online or in-person) or approved 1 hour mortgage insurance education class from MGIC or Genworth
  • FHA Guidelines.
  • Co-Signors permitted.

2017 FHA Lake County Florida First Time Homebuyer Down Payment Assistance Bond Program

All Florida Down Payment Assistance 0% Interest 2nd mortgage loans offer a 30 year, fixed rate of 0%, deferred but accelerated upon any of the following - the sale, transfer or other disposition of the property (including involuntary transfer by or as a result of foreclosure or judicial sale or operation of law), refinance or satisfaction of the FL HFA Preferred first mortgage loan. The Florida Assist and or County specific down payment assistance mortgage loans are repayable and are NOT forgiven unless otherwise noted.

VA Loans

USDA / Rural Development Loans

Simple & Free! Click Here to be Pre-Approved

Many of these programs are available throughout the entire state of Florida. This website is sponsored by Mid Florida Realty 813-777-8056.

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 has no affiliation with the State of Florida.