Who It Is For
Down payment assistance is for buyers with steady income who have not been able to save enough for the down payment and closing costs. Programs come from the state, counties, and other sources, each with its own rules.
- First-time buyers with limited savings
- Buyers with household income within program limits
- Qualifying Florida workers who may be eligible for Hometown Heroes
- Buyers purchasing a home they will live in
How It Works
Most assistance comes as a second loan or grant paired with your first mortgage. Some must be repaid when you sell or refinance, some are forgivable over time, and each has its own terms. We will explain them plainly.
The key is matching the right assistance with the right first mortgage, whether that is FHA, conventional, VA, or USDA. Not every lender works with every program, which is why our wholesale panel matters.
Assistance programs add paperwork. Our in-house processing keeps both loans moving together, and you can always reach the person handling your file.
What You Need to Qualify
- Household income within the program limits
- Purchase of a primary residence
- Qualifying for an approved first mortgage
- Completion of a homebuyer education course, when required
- Program funding must be available, and we will tell you exactly where you stand
Documents You Will Likely Need
- Pay stubs for the most recent 30 days and year to date
- W-2 forms for the past two years
- Income information for everyone in the household
- Bank statements for the last 3 months
- Homebuyer education certificate, if required
Common Questions
Does down payment assistance have to be paid back?
It depends on the program. Some assistance is repaid when you sell or refinance, some is forgiven over time, and some has a monthly payment. We will go over the terms of each option before you choose.
Can I combine assistance with an FHA or VA loan?
Many programs can be paired with FHA, VA, USDA, or conventional loans. The combination depends on the program rules and the lender. We will find a pairing that works.
How do I know which programs I qualify for?
Call us for a free consultation. We will look at your income, the area you are buying in, and your savings, and tell you which programs are open to you right now.
General information only, not an offer to lend. Requirements vary by lender and program, and all loans are subject to credit approval, income verification, and property appraisal.