Down payment assistance could be available to you!
Homeownership is at the heart of the American Dream, but often, the first obstacle is the down payment. It can be sizable and intimidating. If you plan to purchase a single-family home, condo, or townhouse in SW Florida, that does not need to be an obstacle for you.
You have options.
The Florida Hometown Heroes Housing Program is available to frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans. Eligible frontline workers can receive up to 5% of the first mortgage loan amount (maximum of $25,000) in down payment and closing cost assistance. They may also receive lower than market rates on an FHA, VA, RD, Fannie Mae or Freddie Mac first mortgage, reduced upfront fees and other assistance.
The Community Development Block Grant Program is available to buyers of new or existing homes in unincorporated Lee County. The maximum purchase price is $380,000 and the amount of assistance includes up to 50% of the lender-required minimum down payment. Additional mortgage subsidies may be given to ensure the housing payment is affordable to the low-income purchaser.
The HOME Down Payment Assistance Program is available to buyers of existing homes anywhere in Lee County. The maximum purchase price is $245,000. The maximum amount of assistance will be 10% of the purchase price (not to exceed $24,500).
If you or someone you know is considering the purchase of a home here in SW Florida (and who wouldn't be!), click on the links below to learn more.