Down Payment Assistance Resources:

05/09/2023

The City of Greensboro’s Down Payment Assistance Program (Housing Connect) has updated program requirements! CLICK HERE to apply!

Earn your Home Buyer Education requirement and REGISTER HERE for HFA's upcoming North Carolina HUD Certified Home Buyer Workshop!

05/03/2023

04/26/2023

04/14/2023

04/10/2023

Deadline tomorrow April 11th @ 3PM for City-owned homes for sale!

CLICK HERE for official announcement from HFA Board Chair, Chester A. Bishop!

Two fully renovated homes are available for sale, along with up to $120,000 (Combined funds) in purchase assistance to qualified, eligible homebuyers.

Submissions will be accepted until April 11th at 3:00 PM. Learn more about the sale of these properties and link to apply http://hollywoodfl.org/1435/City-owned-Homes-For-Sale.  

Do not miss this excellent opportunity with ALL interested and eligible First Time Homebuyers! 

03/09/2023

The Dania Beach Housing Authority will be opening the Housing Choice Voucher Lists in March 2023!

Housing Choice Vouchers may be used in all of Broward County with the exception of Hollywood, Florida.  

The pre-application list will open Tuesday, March 21st  2023 at 9:00 a.m. EST and will close 24 hours later, March 22nd, 2023 at 9:00 a.m EST.  All pre-applications MUST be submitted on line through the web portal at
https://daniabeach.housingmanager.com/

For additional information, please visit https://www.daniabeachhousing.org/

02/10/2023

01/19/2023

12/01/2022

The City of Pembroke Pines has funding available! Act now!

Need to meet the requirements with a Certificate of Completion for Homebuyer Education? CLICK HERE to register for one of HFA's upcoming HUD Certified Home Buyer Workshops

11/16/2022

10/13/2022

 HFA's lender partner, Synovus Bank, can now lend in North Carolina! That will also include their AMP program: up 100% financing with no PMI.

See flyer below. Contact HFA at 954-923-5001 and visit www.HomeApproved.org/Lenders for more about Synovus Bank.

10/07/2022

The City of Hallandale increased their Down payment Assistance funding to $100,000 for the purchase of a first home in the CRA district! These funds are available to affordable housing buyers (whose income is between 50% and 120% of the Broward County median income guidelines) to be used for gap funding and closing costs. The program also provides an incentive of up to $10,000 in down payment assistance for workforce housing buyers whose income is above 120% but not more than 140% median. An additional $5,000 incentive is available for first responders, teachers and nurses. Do not miss this opportunity! CLICK HERE TO APPLY

 09/29/2022

09/13/2022

Are you a Home Buyer looking for a home in Forsyth County, North Carolina? Act now and apply for the Forsyth County Community & Economic Development Down Payment Assistance programs: You may earn up to $50,000 in funds towards Down Payment and Closing Costs! CLICK HERE for additional information

09/1/2022

Bank of America Introduces Community Affordable Loan Solution™ to Expand Homeownership Opportunities in Black/African American and Hispanic-Latino Communities. This new program is in addition to and complements Bank of America’s existing $15 billion Community Homeownership Commitment™ to offer affordable mortgages, industry leading grants and educational opportunities to help 60,000 individuals and families purchase affordable homes by 2025: CLICK HERE for more information.

06/30/2022

Act now! Homeowners Assistance Funding is Available now for The City of Hollywood! Click the link or image below for more information:

http://www.hollywoodfl.org/CivicAlerts.aspx?AID=1099

06/02/2022

The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans.

For additional information call HFA at 954-923-5001, also see resources below:

https://fb.watch/doIAlcKlyN/

 https://www.floridahousing.org/programs/homebuyer-overview-page/hometown-heroes 

This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence in the community in which they work and serve. The Florida Hometown Heroes Loan Program also offers a lower first mortgage rate and additional special benefits to those who have served and continue to serve their country.

• Eligible frontline workers can receive lower than market rates on an FHA, VA, RD, Fannie Mae or Freddie Mac first mortgage, reduced upfront fees, no origination points or discount points and down payment and closing cost assistance.
• Borrowers can receive up to 5% of the first mortgage loan amount (maximum of $25,000) in down payment and closing cost assistance.
• Down payment and closing cost assistance is available in the form of a 0%, non-amortizing, 30-year deferred second mortgage. This second mortgage becomes due and payable, in full, upon sale of the property, refinancing of the first mortgage, transfer of deed or if the homeowner no longer occupies the property as his/her primary residence. The Florida Hometown Heroes loan is not forgivable.

04/28/2022

Chenoa Fund is a national down payment assistance program provided through CBC Mortgage Agency. CBC Mortgage Agency's mission is to increase nationwide affordable and sustainable homeownership, with a focus on creditworthy, low and moderate-income individuals. 

Click anywhere on the flyer below for additional information:

04/14/2022

Down Payment Assistance Programs: Florida Housing

Disclaimer: Only through participating lenders

Florida Housing offers down payment and closing cost assistance in the form of a second mortgage loan to assist eligible homebuyers with their down payment and closing costs. Down payment assistance is only available when used with Florida Housing's first mortgage loan. Down payment assistance is NOT available as "stand alone" down payment assistance. Florida Housing offers the following Down Payment Assistance Programs to eligible buyers:

• Offers up to $10,000 on FHA, VA, USDA and Conventional Loans.
• 0%, non-amortizing, deferred second mortgage.

The FL Assist is not forgivable. Repayment is deferred, except in the event of the sale, transfer, satisfaction of the first mortgage, refinancing of the property or until such a time the mortgagor ceases to occupy the property at which time, the Florida Assist will become due and payable, in full.

• Offers $10,000.
• 3% fully-amortizing, second mortgage.
• 15-year term.

The FL HLP Second Mortgage carries a monthly payment. The remaining unpaid principal balance (UPB) is deferred, except in the event of the sale, transfer of deed, satisfaction of the first mortgage, refinancing of the property or until such a time the mortgagor(s) ceases to occupy the property as his/her primary residence at which time, the FL HLP Second Mortgage will become due and payable, in full.

Since the FL HLP Second Mortgage carries a monthly payment, this payment may need to be considered in a borrower’s debt-to-income (DTI) ratio when credit underwriting.

Borrowers utilizing these down payment and closing cost programs receive 3%, 4% or 5% of the total loan amount in a forgivable second mortgage. This second mortgage is forgiven at 20% a year over its 5-year term when used with Florida Housing’s conventional HFA Preferred for TBA or HFA Advantage for TBA first mortgage products. The “PLUS” Second Mortgage is available only with these conventional first mortgage products.

04/07/2022

03/24/2022

Are you looking for assistance in buying your first home? The City of Miami's First Time Homebuyer program provides zero percent (0%) deferred loans to first-time homebuyers purchasing a property in the City of Miami if they qualify based on their income category.

Click the link below for more information:

https://www.miamigov.com/Housing-Assistance-Recovery/Home-Ownership/Apply-for-First-Time-Homebuyer-Assistance

03/03/2022

Click the link below to see new information regarding Statewide Homeowner Mortgage Assistance. The Florida Department of Economic Opportunity (DEO) is running the program.

https://www.floridajobs.org/community-planning-and-development/homeowner-assistance/homeowner-assistance-fund

02/17/2022

Click the link below to view the full article by the Sun Sentinel: 

https://www.sun-sentinel.com/business/fl-bz-florida-mortgage-assistance-20220217-6756hcrzd5eengvbc3jzywkvgu-story.html

Florida will distribute $676 million in homeowner mortgage assistance

"the U.S. Treasury Department on Feb. 9 approved Florida’s plan to distribute $676 million in federal homeowner assistance funding included in the $1.9 trillion American Rescue Plan enacted in March 2021."

Here are some eligibility facts
To be eligible to receive funds, homeowners must:

Own a one- to four-unit residence that is their primary residence.
Have experienced a financial hardship after Jan. 21, 2020 (including a hardship that began before then but continued after that date).
Have incomes less than or equal to 150% of the area median income or 100% of the U.S. median income, whichever is greater.
Funding will be prioritized to ensure assistance is delivered first to the most vulnerable homeowners (targeting incomes of 100% or less of area median income.)
What expenses can be covered:
Mortgage payment assistance.
Financial assistance to reinstate a mortgage or pay other housing-related costs.
Assistance for homeowner utilities, internet service, property insurance, etc.
Delinquent property taxes.
Counseling and case management services through a HUD-certified counseling agency.

02/17/2022

Delray Beach: New Affordable Housing Development Coming Soon!

Development of Island Cove – An Affordable Housing Community Located between SW 8th Street and SW 10th Street (north and south respectively) & SW 12th Ave and SW 13th Ave (east and west respectively)
Represented by the Delray Beach Housing Authority and Island Cove, LLC. These two entities partnered to bring a high, quality affordable housing development project to your neighborhood called “Island Cove”.

For more information go to: http://dbha.org/development-update/

09/30/2021

 Community Partners Loan Pool

The North Carolina Housing Finance Agency provides financing to local governments and nonprofit organizations to build and rehabilitate homes for low-wealth North Carolinians. The Community Partners Loan Pool (CPLP) provides qualified home buyers with down payment assistance:

 Up to 20% of the sales price, not to exceed $30,000 (effective May 1, 2018), when using a NC Home Advantage Mortgage™.

Up to 10% of the purchase price when using a USDA’s Section 502 loan.

CPLP assistance is structured as a 0% interest, deferred second mortgage. The term of the CPLP loan matches the term of the first mortgage. The CPLP Loan has no monthly payment and is typically repaid when the home is sold or at the end of the loan term.

 Borrowers may combine a CPLP loan with the NC 1st Home Advantage Down Payment or the NC Home Advantage Tax Credit as well as with other down payment assistance loans or grants.

 The program is available through local community partners.

05/04/2021

Helpful Links

 Bank of America’s Community Homeownership Commitment®

Bank of America Down Payment Center

Low Down Payment Loans

Bank of America Real Estate Center®

Bank of America First-Time Homebuyer Online Edu-Series™

Better Money Habits®

10/2/2020

Helpful Information

Our Resources can help you understand the home buying process and your rights, provide you with information about the available down payment grants, help you locate resources in Miami-Dade, Broward, and Palm Beach counties, and much more.

Also check out our glossary to understand unfamiliar terms.

Select a County above to get started. Knowledge is Power!