Real Estate Downpayment Assistance Programs*:
Need help financing your real estate dreams? In conjunction with the First Time Homebuyer Program, the state of Florida offers two down payment and closing cost assistance programs in the form of second mortgage loans and one in the form of up-front cash assistance to help eligible homebuyers cover their down payment and closing costs. Based on the information that you provided, you may be eligible to receive ONE of the following:
Florida Assist (up to $10,000 available)
Based on your 1 person household, your income may not exceed $27,700.00 to be eligible for down payment assistance through the Florida Assist program, and the purchase price of the home may not exceed $200,160.00.
HAMI Program (up to $5,000 available)
You may qualify for this loan if your income exceeds the limits for the Florida Assist program, but does not exceed $54,800.00. HAMI will have an interest rate of 5%.
Four Percent Cash Option
The cash assistance provides borrowers with 4 percent of the loan amount to be applied toward down payment and closing costs.
*Income and purchase price limitations are subject to change. Call Realtor John Carter or a participating lender for more information.
