Down Payment Assistance Programs in Florida 2026
Florida offers various down payment assistance programs to help homebuyers, especially first-timers, with upfront costs. Programs include Florida Assist, HFA Preferred/Advantage PLUS, and Florida Hometown Heroes Housing Program, each with specific eligibility criteria and benefits.
Florida's housing market varies across urban and suburban areas, making it challenging for buyers to afford initial costs. To address this, the state offers several down payment assistance programs. The Florida Housing Finance Corporation oversees the primary options, available through participating lenders. The Florida Assist Program provides up to $10,000 as a 0% interest, deferred second mortgage. The HFA Preferred/Advantage PLUS offers 3-5% of the loan amount in down payment and closing cost assistance as a forgivable second mortgage. The Florida Hometown Heroes Housing Program offers up to 5% of the loan amount (max $35,000) in down payment and closing cost assistance as a 0% interest, 30-year deferred second mortgage. Eligibility criteria include being a first-time homebuyer, meeting income and purchase price limits, and completing an approved homebuyer education course.
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