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What is available in Florida for First-Time Home Buyers?

First time Florida Home Buyer Graphic

Florida offers several financial resources and assistance programs for first-time homebuyers. Here are some options:

  1. Florida Housing Finance Corporation (FHFC): FHFC administers several programs aimed at helping first-time homebuyers in Florida. These programs often provide down payment assistance, low-interest mortgages, and other financial incentives.

  2. Florida First Time Homebuyer Program (FTHB): This program provides low-interest rate mortgages and down payment assistance to eligible first-time homebuyers in Florida. It's administered by local housing finance agencies in partnership with FHFC.

  3. State Housing Initiatives Partnership (SHIP) Program: SHIP provides funds to local governments and non-profit organizations to create affordable housing opportunities for low to moderate-income households, including first-time homebuyers.

  4. Florida Homebuyer Loan Program (FLHLP): FLHLP offers 30-year fixed-rate FHA, VA, USDA, or conventional loans to eligible first-time homebuyers. This program provides down payment and closing cost assistance as well.

  5. Florida Community Development Block Grant (CDBG) Program: CDBG funds are allocated to local governments to support a variety of community development activities, including homeownership assistance programs for first-time homebuyers.

  6. Local Government Programs: Many local governments in Florida offer their own assistance programs for first-time homebuyers, including down payment assistance, closing cost assistance, and low-interest mortgages. These programs vary by location, so it's worth checking with your city or county government.


It's important for prospective homebuyers to research and explore all available options, as eligibility requirements, loan terms, and assistance amounts can vary widely between programs. Additionally, working with a qualified Mortgage Loan Originator can provide valuable guidance and assistance throughout the homebuying process.


Additional Florida Resources 

The specific financial resources and terms offered to first-time homebuyers in Florida can vary depending on the county and any available programs or initiatives. However, there are some common options and terms that may be available:

  • Down Payment Assistance (DPA) Programs: Many counties in Florida offer DPA programs to help first-time homebuyers cover a portion of their down payment. The amount of assistance can vary but may range from a few thousand dollars to tens of thousands of dollars.

  • Low-Interest Loans: Some counties provide low-interest loans to first-time homebuyers to assist with down payments or closing costs. These loans often have favorable terms, such as low or no interest, and may be forgivable over time.

  • Grants: Certain counties may offer grants to first-time homebuyers, which do not need to be repaid. These grants can be used for down payments, closing costs, or other homeownership expenses.

  • Income and Purchase Price Limits: Many assistance programs in Florida have income and purchase price limits to ensure they are targeted towards those who need them most. These limits vary depending on the program and the county.

  • Repayment Terms: If a loan is provided as part of the assistance package, repayment terms can vary. Some loans may have deferred repayment options, meaning payments are not required until a certain period has passed or the home is sold. Others may have low monthly payments or be forgivable over time, particularly if certain conditions are met, such as remaining in the home for a specified period.


To get specific information about the financial resources and terms available for first-time homebuyers in a particular county in Florida, individuals should contact their local housing authority, community development agency, or a qualified Mortgage Loan Originator.  These organizations can provide details about available programs, eligibility requirements, and application procedures.

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