The Florida Housing Finance Corporation (Florida Housing) administers several fixed-rate mortgage loans and down payment assistance options for eligible residents. If you are purchasing your first home in Florida, these resources can substantially lower your out-of-pocket costs.
Key Florida Housing Programs
1. Hometown Heroes Housing Program
Designed to support Florida workers, active military, and veterans, Hometown Heroes provides up to 5% of the total loan amount (capped at $35,000) in zero-interest down payment and closing cost assistance.
2. Florida Assist (FLAssist)
Offers up to $10,000 as a 0% interest second mortgage with no monthly payments. Repayment is deferred until you sell the home, refinance, or pay off the primary mortgage.
3. Florida HLP (Homeownership Loan Program)
Provides up to $10,000 as a 3% interest second mortgage amortized over 15 years, assisting with upfront cash needs.
Eligibility Requirements
- Minimum credit score (typically 640 or higher depending on loan type)
- Income limits based on household size and county
- Completion of an approved Homebuyer Education Course
- Property must be used as a primary residence
To explore how Florida buyer programs compare with New Jersey programs, read our guide to NJ First-Time Buyer Programs or browse our general First-Time Home Buyer guide.
Christian Tibok
Licensed REALTOR serving NJ and FL. Christian helps buyers connect with participating lenders and programs. Learn more about Christian.