Down Payment Assistance Programs in Florida
Down Payment Assistance products offered in Florida include: Escambia County Housing Finance Commission, Florida Housing Finance Corporation, Within Reach Program – Land Home Financial Services, and the Chenoa Fund. To see which program may be right for you, get started on your application today!
Escambia County Housing Finance Commission
Availability: Florida
Description
The Escambia County Housing Finance Commission Program is for both first and second mortgages and is available in Alachua, Bradford, Escambia, Gadsden, Indian River, Leon, Marion, Martin, Okaloosa, Santa Rosa, St. Lucia, Wakulla, Walton, Jackson, Franklin, Bay, Jefferson, Hernando and Gulf Counties of Florida.
Features
- Down payment assistance up to $7500
- 30-year fixed term with full amortization
- FHA, VA and USDA loan types available
- Homebuyer education course required
- Credit and income restrictions may apply
Florida Housing Finance Corporation - Conventional Program
Availability: Florida
Description
The Florida Housing Finance Corporation – Conventional Program is a first time home buyer program available throughout the entire state of Florida.
Features
- Down payment assistance is a 3% grant
- 30-year fixed term with full amortization on the first mortgage
- Conventional loan types available
- Homebuyer education course required
- Credit and income restrictions may apply
State Housing Initiative Partnership (SHIP) Gadsden County Florida
Availability: Florida
Description
The State Housing Initiative Partnership (SHIP) program is a home buyer program available to those purchasing a home in Gadsden County, Florida.
Features
- Down payment assistance from $7500 to $15,000 depending on low to moderate household income
- 30-year fixed term with full amortization on the first mortgage
- Conventional, FHA, VA and USDA loan types available
- Homebuyer education is required
- Credit, income, and property locations and restrictions may apply
Within Reach Program - Land Home Financial Services
Availability: Florida
Description
The Within Reach Program is available in Florida!
Features
- Down payment assistance up to 4.5% of the note amount
- NOT limited to first time home buyers
- FHA and USDA loan types only
- Homebuyer education may be required
- Credit and income restrictions may apply
CHENOA Fund Program
Availability: Nationwide
Description
The CHENOA Fund Program is available in Florida.
Features
- Down payment assistance up to 3.5% of the purchase price or appraised value, whichever is less
- 30-year fixed term with full amortization on the first mortgage
- FHA loan types only
- Homebuyer education course NOT required
- Credit and income restrictions may apply
Some program restrictions and requirements apply. Loan program availability is subject to change without notice. Some programs may have a first-time homebuyer requirement. The type of DPA and lien position will vary for each loan program. ONQ0409180681Y000003h6o9
