Down Payment Assistance Agency (DPAA)
Down Payment Assistance Florida
We're the go to source for Down Payment Assistance Florida Programs and for the Florida Hometown Heroes Housing Program through the Florida Housing Finance Corporation which helps make homeownership more affordable.
Down Payment Assistance Agency (DPAA)
Down Payment Assistance Programs Florida
The Down Payment Assistance Agency offers homebuyers assistance with finding programs available through the State Housing Initiative for the Down Payment Assistance Programs Florida Act. Learn How You Can Get Access to $25,000 and more for Your Down Payment to Purchase Your Home.
Hometown Heroes Program
For First Time Homebuyers who qualify based on income and occupation.
Down Payment Assistance
Down Payment Assistance Programs for people who make over six figures and who aren't first time home buyers.
Financial Workshops
Get access to Financial Workshops to help you achieve your dreams.
WHO WE ARE
We have access to over 2,000 down payment assistance programs for home buyers
We are privileged to work with home buyers to help them achieve the American Dream of Home Ownership with Down Payment Assistance. Learn more about our Hometown Heroes Program.
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Down Payment Programs Florida
In Florida, there are several down payment assistance programs available for homebuyers. Some of the popular programs are:
Florida Housing Finance Corporation (FHFC) – offers several homeownership programs, including the Florida First and Florida Home Key programs, which provide down payment and closing cost assistance.
Step Up for Students – provides scholarships for low-income families to attend private schools in Florida, including K-12 and special needs schools.
City of Tallahassee’s Homebuyer Assistance Program – provides down payment and closing cost assistance to eligible homebuyers.
Hillsborough County Homeownership Program – provides down payment and closing cost assistance to eligible homebuyers in Hillsborough County.
It is recommended to check with local government agencies, non-profit organizations, and financial institutions for additional down payment assistance programs that may be available in your area.
What Are Down Payment Programs?
Down payment programs are assistance programs that provide funding to help homebuyers pay for a portion of the down payment required to purchase a home. These programs are designed to make homeownership more accessible and affordable, particularly for low- and moderate-income households.
Down payment programs can take various forms, including grants, low-interest loans, and deferred payment loans. Some programs are offered by state or local governments, non-profit organizations, or financial institutions. Some programs have income or other eligibility requirements, and some may have specific requirements for the type of home or location of the property being purchased.
The goal of down payment programs is to help reduce the upfront costs associated with purchasing a home, making it easier for individuals and families to achieve the dream of homeownership.
DOWN PAYMENT ASSISTANCE PROGRAMS FLORIDA
Down Payment Assistance Agency
We know that the homebuying process can sometimes feel overwhelming as well as exciting, but we help make the process easier by showing you step by step how to navigate to achieving the dream of home ownership with down payment assistance programs. We have more than two thousand programs available to assist with down payments and access to hundreds of millions.
Broward County
Broward County Homebuyer Purchase & Down Payment Assistance Program offers up to $80,000 towards Down Payment.
City of Orlando
City of Orlando Homebuyer Purchase & Down Payment Assistance Program offers up to $40,000 towards Down Payment.
City Of Boca Raton
City of Boca Homebuyer Purchase & Down Payment Assistance Program offers up to $95,000 towards Down Payment.
City of Tampa
City of Tampa Homebuyer Purchase & Down Payment Assistance Program offers up to $40,000 towards Down Payment.
City of Miami
City of Miami Homebuyer Purchase & Down Payment Assistance Program offers up to $150,000 towards Down Payment.
Volusia County
Volusia County Homebuyer Purchase & Down Payment Assistance Program offers up to $50,000 towards Down Payment.
Types of Down Payment Assistance Programs Florida
73% Down Payment And Closing Cost Assistance
64% of Down Payment or Closing Cost Assistance Programs Have Deferred Payments
43% are Forgivable Loans
38% of all Down Payment or Closing Cost Assistance Programs are Forgivable Loans with deferred Payments
Grants: Gifts which do not have to be repaid
Second Mortgages: Loans with very low or no interest rate where the payment may be deferred or forgiven incrementally for each year the buyer remains in the home.
Combined First Mortgage & Down Payment Programs
Down Payment Assistance Programs
11% Additional Programs
Includes matched savings programs, Housing Choice Vouchers (HCV) and other programs.
10% First Mortgage Loans
Below-market interest rates, lower or no mortgage insurance, or 100% Financing.
5% Mortgage Credit Certificates (MCCs)
Provide up to $2,000 in annual tax credits for the life of the loan.
Florida Hometown Heroes Housing Program
The Hometown Heroes program provides Florida’s frontline community workers in eligible professions with down payment and closing cost up to $25,000 with limitations of 5 percent of the purchase price. An example of how the Florida Hometown Heroes Program works is if you purchase a house for $300,000, then FHA would require 3.5% for the down payment which would be $10,500.00. The 5% of the purchase price is $15,000.00 which is maximum you would be allowed for down payment and closing cost. Now you have to subtract the 3.5% down payment that would be paid on your behalf which is done by $15,000 – $10,500.00 = $4,500.00 available or remaining that can be used towards closing cost.
The Hometown Heroes program in Florida is a program that provides discounts on mortgage loans to eligible first responders, military personnel, and teachers. The program aims to recognize and reward the sacrifices and contributions made by these heroes to their communities.
Eligible heroes can receive discounts on mortgage loan origination fees, closing costs, and interest rates. The exact terms and conditions of the program vary depending on the participating lender.
To participate in the Hometown Heroes program in Florida, eligible heroes must meet certain requirements, such as being a first responder, military personnel, or teacher, and providing proof of their employment or military service.
It’s important to carefully consider the terms and conditions of the program and compare it with other mortgage loan options before making a decision. It’s also advisable to consult with a financial advisor to determine if the Hometown Heroes program is the right choice for you. You can also learn more about the HUD First Homebuyer program for alternative homeownership options.
The Florida Hometown Heroes Loan Program also known as Hometown Heroes makes housing affordable for eligible workers, educators and military personnel by providing down payment and closing cost assistance to qualified homebuyers. The Down Payment Assistance Agency assist Hometown Heroes by accessing lower first mortgage rate and additional special benefits to those who currently serve their communities and those who have served and continue to serve their country. Get approve for the Florida hometown heroes housing program.

There are some requirements in order to qualify for our Homebuyer Loan Program:
- Minimum Credit Score of 640.
- Must work with an approved, participating, Program Lender (click here to find an approved loan officer).
- “Approved” Home Buyer Education is required to be completed.
- Your purchase price must be below the limits for the county in which you purchase.
- Your income must be below the limits for the county in which you purchase.
- You must meet the IRS definition of a first-time homebuyer which means, you cannot have owned AND occupied your primary residence for the last three years prior to purchase.
The Florida Hometown Heroes Loan Program is offered through “The Bond Alternative” (TBA), which helps to increase and preserve affordable housing opportunities for Florida’s frontline, emergency workers and military personnel (active duty and veterans). With TBA Program, the income and the first time homebuyer status of the borrowers(s) only is considered. This Homebuyers Program does not consider household income or the first time homebuyer status of the spouse if the spouse is not the loan. The homebuyers assistance program is concerned about Borrower(s) or parties that appear on the mortgage note.
What is the Florida Housing Hometown Heroes Program Initiative?
The Florida Housing Homeownership Program for Heroes (also known as the Hometown Heroes initiative) is a state-run program that provides special benefits and assistance to Florida residents who are active-duty military, veterans, first responders, and teachers. This program is designed to recognize and support the sacrifices that these individuals have made to serve their communities and their country.
Under the Hometown Heroes initiative, eligible individuals can receive special benefits, such as reduced mortgage interest rates, lower closing costs, and more favorable loan terms. These benefits are meant to make homeownership more accessible and affordable for these deserving individuals.
One of the key benefits of the Hometown Heroes program is the reduced mortgage interest rate. This rate can be as much as one percent lower than the market rate, which can result in substantial savings for eligible homebuyers over the life of their loan. Additionally, the program provides lower closing costs, which can help homebuyers save money up front.
Another important aspect of the Hometown Heroes initiative is the more favorable loan terms. This can include longer loan terms, lower monthly payments, and more flexible credit and income requirements. These more favorable loan terms can help make homeownership a reality for many individuals who may have struggled to secure a traditional mortgage.
In addition to these benefits, the Hometown Heroes program also provides educational resources and support to help eligible individuals navigate the homebuying process. This can include homebuyer education classes, financial counseling, and access to local real estate professionals who understand the unique needs and challenges of the Hometown Heroes population.
The Hometown Heroes initiative is an important recognition of the sacrifices made by military members, veterans, first responders, and teachers. By offering special benefits and assistance, this program helps to make homeownership more accessible and affordable for these deserving individuals.
Overall, the Florida Housing Homeownership Program for Heroes is a valuable resource for those who have dedicated their lives to serving their communities and their country. Whether you are an active-duty military member, veteran, first responder, or teacher, this program provides the support and resources you need to achieve the dream of homeownership.


What Are the Benefits of the Hometown Heroes Program?
One of the benefits of the Florida Hometown Heroes Loan Program is that it offers eligible borrowers a greater opportunity to purchase a home an remain in the community in which they work and serve. The Florida Hometown Heroes does NOT have an upfront 1% Origination Fee which is charged on other Florida Housing First Mortgage Loan Products. This saves the borrower(s) thousands of dollars in upfront closing costs. Lenders are not permitted to charge the standard 1% Origination Fee charged on Florida Housing’s other first mortgage program loan products. Lenders are only allowed to charge standard, reasonable and customary origination fees.
Benefits of the First Mortgage for Hometown Heroes
- The Florida First Heroes is for government back or insured loans such as FHA, VA and USDA. It offers eligible borrowers a 30 year, fixed rate mortgage. Borrowers who qualify for this mortgage program will automatically qualify for down payment assistance.
- The HFA Preferred Heroes is for TBA Conventional Fannie Mae Loans. It offers eligible borrowers a 30 year, fixed rate mortgage. This first mortgage also offers borrowers a reduced Private Mortgage Insurance (PMI) premium for borrowers below 80% AMI. Standard PMI applies to borrowers above 80% AMI. Borrowers who qualify for this mortgage program will automatically qualify for down payment assistance.
- The Florida HFA Advantage Heroes is for TBA Conventional Freddie Mac Loans. It offers eligible borrowers a 30 year, fixed rate mortgage. This first mortgage also offers borrowers at reduced Private Mortgage Insurance (PMI) premium for borrowers below 80% AMI. Standard PMI applies to borrowers above 80% AMI. Borrowers who qualify for this mortgage program will automatically qualify for down payment assistance.
Homebuyers in Florida Are Finding it Easier to Obtain Homeownership with the Hometown Heroes Program.
The keys to obtaining homeownership are within reach with the Florida Hometown Heroes Housing Program. Apply Now while funds are still available for first time homebuyers in Florida.
FL Hometown Heroes Second Mortgage
The Down Payment Assistance Agency helps prospective homebuyers who qualify for the FL Hometown Heroes TBA First Mortgage loans are eligible to receive down payment and closing cost assistance in a 0%, non-amortizing, 30-year, repayable second mortgage. This second mortgage is equal to 5% of the value of the first mortgage and is capped at $25,000.
It is worth noting, however, that this second mortgage is non-forgivable, and the borrower will be required to repay the outstanding mortgage balance in full if :
- They complete payment on the first mortgage
- They refinance the first mortgage
- Transfer the deed of the property
- No longer occupy the property as their primary residence



Down payment assistance programs are designed to help potential homebuyers with limited financial resources achieve their dream of homeownership. One such program is the Hero Home Buyer Program, also known as the Florida Hometown Hero Housing Program, which provides assistance to first-time homebuyers who are police officers, firefighters, teachers, and other essential workers.
To apply for the Hero Home Program or Hometown Heroes Program, applicants must meet certain eligibility criteria and complete the necessary application process. The program provides financial assistance in the form of down payment and closing cost assistance, which can help reduce the upfront costs associated with buying a home.
The program provides a first mortgage loan amount that is typically financed through Freddie Mac first mortgage loans with low-interest rates. In addition, the program offers zero interest loans for the down payment and closing costs, which can significantly reduce the financial burden on eligible homebuyers. If you have already started to save for you home, Learn which are the safe banks to put your money in with strong financials.
The Hero Home Buyer Program is especially beneficial for police officers, who often struggle to save enough money for a down payment due to their relatively low salaries. The program provides police officers with the opportunity to own their own home and build equity over time.
To participate in the program, applicants must work with a participating loan officer who can guide them through the application process and provide them with information about the available down payment assistance options. The loan officer will help the applicant understand the program’s requirements and assist with completing the application.
In conclusion, down payment assistance programs such as the Hero Home Buyer Program and Hometown Heroes Program can be an excellent way for police officers and other essential workers to achieve homeownership. These programs provide financial assistance in the form of down payment and closing cost assistance, which can help reduce the upfront costs associated with buying a home. By working with a participating loan officer and completing the application process, eligible homebuyers can take advantage of these programs and achieve their dream of owning a home.
DOWN PAYMENT ASSISTANCE FOR COMMUNITY SERVANTS
Hometown Heroes Program Florida
Florida newest down payment assistance program to help make homeownership more affordable for frontline community workers such nurses, firefighters, law enforcement officers and over 100 other positions.

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HOME TOWN HEROES PROGRAM
Home Town Heroes Program

HOMETOWN HEROES PROGRAM FLORIDA
Down Payment Assistance Programs Florida

HOMETOWN HEROES PROGRAM FLORIDA
Down Payment Assistance Programs Florida
“We’re extremely proud to share this milestone because it demonstrates how much the Home Town Heroes program is already helping hardworking Floridians throughout the state,” said Trey Price, Executive Director of Florida Housing Finance Corporation.

HOMETOWN HEROES PROGRAM FLORIDA
Down Payment Assistance Programs Florida
Florida Housing Market Overview
$391,300
Median Sales Price
Up 10.1
%Year-Over-Year
24,517
# of Homes Sold
11/2022
FL Housing Market
HOW WE WORK WITH THE FLORIDA HOUSING FINANCE CORPORATION?
Working together to help our Hometown Heroes in Florida Achieve Homeownership
Down Payment Assistance & Closing Cost Assistance
OUR PROCESS
How To Find Down Payment Assistance Programs
We are here to make the process easier with cutting edge technology
to find any down payment assistance money available in every county in the state of Florida.
1. Complete Live Database Form
Based on the data you provide as far as household members, income and location, etc. The system will find you down payment money available to you.
2. Down Payment Programs
Within seconds you will see usually multiple down payment assistance programs you qualify for sent you via email directly with the amount of money available.
3. License Mortgage Loan Officer
After you receive the down payment assistance programs you qualify for, you will then receive a license mortgage loan officer contact information to help you.
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