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Downpayment Assistance Programs in Florida

Down Payment Money is available

Things to know if you’re buying!

Down Payment Assistance can be the key to homeownership. Many would-be home buyers just don’t have the required money set aside. This is not only true for first-time homebuyers. It is also true for those who are on the rebound from the in the mid 2000’s housing crisis. Their credit has been restored and their income qualifies them for homeownership. Also, a first-time buyer is defined as anyone who hasn’t owned a home in three years. If you’ve been renting for the past four years, you’re a first-time home buyer again!

Without down payment assistance the goal of homeownership may be elusive. It doesn’t have to be that way. Now there is a way to find out if you qualify for down payment assistance.

Aside from household income thresholds, you must meet some credit score minimums and have specific cash reserves. Income thresholds are based on the area median income—up to 120 percent in high-cost markets. Income limits are almost always based on household size. Limits for a family of five are significantly higher than for a single person.

Most assistance programs, especially for first-time buyers, require the completion of homebuyer education programs. An educated homeowner will be a successful homeowner.

Some programs are designed for individuals who provide necessary services to the community. They include teachers, firefighters, law enforcement personnel, health care workers, and veterans.

To qualify for down payment assistance, the home must be occupied as the primary residence. Single-family homes, townhomes, condos, and even some multifamily properties are allowed as long as the buyer is also an owner occupant. Generally, not manufactured homes (need to check eligibility requirements) and no mobile homes.

Downpayment Assistance Programs

Down payment assistance programs are available across the Tampa Bay area. Find out if you and your community are eligible.

Get in touch now to receive information on down payment assistance & other first time home buyer programs

First-time homebuyers often approach us to ask whether they can use two separate lenders to finance their deal. Generally, this is so that they can make use of a down payment assistance program the lender they were pre-qualified with doesn’t offer. Unfortunately, this isn’t possible. Not every lender is approved to offer these programs, which is why it’s so important to research any professional you’re considering hiring before you begin working with them. Our team has a list of local vendors who we’d be happy to recommend to you, so please reach out if you have any questions.

Many first-time homebuyers don’t understand what constitutes a standard down payment. The short answer is that there isn’t one. There are many good down payment assistance programs in Florida that allow first-time homebuyers get into a home with as little as $1,000 down, but ultimately the best down payment solution is whatever works best for you. We’d be happy to give you information to figure out what the best scenario would be for you. To hear more, watch this video.

John Warner

John Warner

I am a Real Estate professional and understand that buying or selling a home is more than just a transaction: it’s a life-changing experience. That’s why I provide exceptional, personalized service for all my clients. I take great pride om the relationships I build and always work relentlessly on the client’s behalf to help them achieve their real estate goals. In my role as a Realtor® Consultant, I will listen to your requirements and develop a plan of action based on your time frame and needs. I have experience selling new construction homes, single-family homes, duplexes/villas, multi-family homes, (pre-foreclosure) short-sale homes, investment properties, and First-Time home buyers! As a Realtor, I will consult and provide market evaluations of any of your Real Estate inquiries. I will utilize social media & Internet Marketing to find your next property and sell to gain the most exposure. Working as a team, we can achieve your goals, and working together will make the process as seamless as possible. As a Realtor, I will successfully guide you as a home buyer or seller through selling and purchasing properties. Here are a few items that I will be performing as your Realtor to keep you in compliance with laws and regulations. Generate lists of properties compatible with buyers' needs and financial resources. Coordinate appointments to show homes to you as a prospective buyer or arrange appointments to show your home as the seller. To establish a positive flow of communication with other agents, buyers, sellers, mortgage officers, title personnel, and attorneys involved in the home buying and selling process. Present purchase offers to sellers for consideration and negotiates contracts on your behalf. Coordinated property closings, overseeing the signing of documents and disbursement of funds with the Closing agent. Over the last ten years, I have continued to learn with each transaction and professional education training through the National Realtor Association and our local Greater Tampa Realtor association to give you the best service! I know the following designations or certifications: ABR® The Accredited Buyer's Representative (ABR®) designation is for real estate buyer agents who focus on working directly with buyer-clients at every stage of the home-buying process. AHWD At Home With Diversity® (AHWD) is a NAR certification program designed to present a picture of the changing face of the real estate industry. Since 1998, the At Home With Diversity® program has prepared over 20,000 REALTORS® to work effectively with and within today's increasingly diverse pool of homebuyers. GRI Earning the Graduate, REALTOR® Institute (GRI) designation is a way to stand out to prospective home buyers and sellers as a REALTOR® who has gained in-depth market knowledge, increased proficiency in a broad array of subjects to enhance professionalism and business success. MRP The Military Relocation Professional (MRP) certification is for real estate professionals working with current and former military service members. SFR The Short Sales and Foreclosure Resource (SFR®) certification are for REALTORS® who want to hone the skills that will allow them to help buyers and sellers of distressed properties. SRES The Seniors Real Estate Specialist® (SRES®) designation is for REALTORS® who want to be able to meet the special needs of maturing Americans (Active Adults) when selling, buying, relocating, or refinancing residential or investment properties. SRS The Seller Representative Specialist (SRS) designation is the premier credential in seller representation. It is designed to elevate professional standards and enhance personal performance. Staying up to date with the most current information available and earning my Commitment to Excellence (C2EX) from the National Association of REALTORS® empowers REALTORS® to evaluate, enhance and showcase their highest levels of professionalism. It's not a course, class, or designation—it's an Endorsement that REALTORS® Earned can promote when serving clients and other REALTORS®. I love to explore new restaurants and communities in the area. Since I have moved here from Grand Island, NY, the growth in the Tampa Bay area has simply been amazing and truly named correctly as the Sunshine State.I look forward to working with you as your Realtor® in the Tampa Bay area. I support several local charities.
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