Down Payment Assistance Programs in Florida

Florida Housing Finance Corporation (Florida Housing) is the state agency that administers homebuyer assistance programs across Florida. These programs offer first-time buyers below-market interest rates and down payment assistance that can make homeownership achievable even in Florida's more expensive markets.

Florida Homeownership Loan Program (FL HLP) The FL HLP Second Mortgage provides up to $10,000 in down payment assistance. This is a 3 percent interest-bearing second mortgage with a monthly payment, though the monthly payment is low given the amount. The balance is due when the home is sold, refinanced, or the buyer moves out.

Florida Assist Florida Assist provides up to $10,000 as a 0 percent, non-amortizing (no monthly payment) second mortgage. The full amount is due when the home is sold, refinanced, or the buyer no longer occupies the home as their primary residence. This is often preferred because there is no additional monthly payment.

Florida HFA Preferred Grant This program provides 3 or 4 percent of the first mortgage loan amount as a grant (not a loan) for down payment and closing costs. It does not need to be repaid and does not come with a monthly payment or balloon due on sale.

County and City Programs Many Florida counties have their own local assistance programs. Orange County, Hillsborough County, Palm Beach County, and others have funded programs with varying benefit amounts. These can sometimes be combined with state programs for greater total assistance.

Homebuyer Education Requirements Florida Housing programs require buyers to complete a homebuyer education course from a HUD-approved provider before closing.

Connecting With a Homexa® Agent in Florida Homexa® agents in Florida understand the available assistance programs and work with participating lenders experienced in Florida Housing financing. Connect with a Homexa® agent to find out what you qualify for in your target Florida market.