Homebuyer Programs in Alafaya, FL (2026)

Last updated March 27, 2026 | Population: 95,000 | Median home price: $405,000 | Est. closing costs: $8,000 - $12,000

Skyline of Alafaya, FL

Alafaya is a census-designated community of approximately 95,000 residents in Orange County, located just east of Orlando near the University of Central Florida. With a median home price around $405,000, buyers here benefit from strong Orange County programs since Alafaya is unincorporated and does not have its own city government. The Orange County Down Payment Assistance Program provides up to $70,000 for very low-income buyers and up to $40,000 for low-income buyers, while the Orange County Mortgage Assistance Program (MAP) offers up to $80,000. Statewide, the Florida Hometown Heroes program adds up to $35,000 for eligible frontline workers. By combining county, state, and federal programs, Alafaya buyers can potentially stack well over $100,000 in total assistance.

Top Homebuyer Programs in Alafaya

OCHFA Homebuyer Program
Type:
Deferred Loan
Amount:
Down payment and closing cost assistance combined with competitive first mortgage rates
First-time only:
Yes
Orange County Down Payment Assistance Program
Type:
Deferred Loan
Amount:
Up to $70,000 (very low income), $40,000 (low income), or $10,000 (moderate income)
First-time only:
Yes
Orange County Mortgage Assistance Program (MAP)
Type:
Deferred Loan
Amount:
Up to $80,000
First-time only:
Yes
FHA Loans
Type:
Government-Insured Mortgage
Amount:
Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
First-time only:
No
FHLBA Community Partners Product
Type:
Forgivable Loan
Amount:
Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:
No
FHLBA First Time Homebuyer Product
Type:
Forgivable Loan
Amount:
Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:
Yes
FHLBA Workforce Housing Plus+
Type:
Forgivable Loan
Amount:
Up to $15,000 in home purchase assistance for down payment and closing costs
First-time only:
No
Good Neighbor Next Door (HUD)
Type:
Government Property Sale Program
Amount:
50% discount off the list price of HUD-owned homes
First-time only:
Yes
Home Possible Mortgage (Freddie Mac)
Type:
Government-Guaranteed Mortgage
Amount:
Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:
No
HomeReady Mortgage (Fannie Mae)
Type:
Government-Guaranteed Mortgage
Amount:
Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:
No
HUD $100 Down Program
Type:
FHA-Financed HUD REO Purchase
Amount:
Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
First-time only:
No
USDA Rural Development Loans
Type:
Government-Guaranteed Mortgage
Amount:
100% financing (no down payment required); loan amount up to appraised value
First-time only:
No
VA Loans
Type:
Government-Guaranteed Mortgage
Amount:
No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
First-time only:
No
Habitat for Humanity Greater Orlando & Osceola County
Type:
Zero-Interest Loan
Amount:
Affordable home purchase with 0% interest mortgage; mortgage payments never exceed 30% of household income
First-time only:
No
NACA Purchase Program (Orlando)
Type:
Grant
Amount:
No down payment, no closing costs, no PMI, no fees, below-market fixed interest rate
First-time only:
No
NeighborWorks Orange County Homebuyer Assistance
Type:
Deferred Loan
Amount:
Down payment assistance available through counseling and program matching
First-time only:
No
Florida Assist (FL Assist) Second Mortgage Program
Type:
Deferred Loan
Amount:
Up to $10,000
First-time only:
Yes
Florida HFA Preferred and Advantage PLUS Program
Type:
Forgivable Loan
Amount:
3%, 4%, or 5% of the first mortgage loan amount
First-time only:
Yes
Florida Hometown Heroes Housing Program
Type:
Deferred Loan
Amount:
Up to 5% of first mortgage loan amount, minimum $10,000, maximum $35,000
First-time only:
Yes

How to Apply

  1. Step 1:

    Check your eligibility. Your household income must qualify per Orange County income limits. For the Down Payment Assistance Program, income tiers range from very low income (up to $70,000 in assistance) to moderate income (up to $10,000). You must be a first-time homebuyer with no homeownership in the past 3 years.

  2. Step 2:

    Complete homebuyer education. Attend a HUD-approved homebuyer education course. NeighborWorks Orange County offers courses in the area and can be reached at (407) 704-7368. They also provide one-on-one housing counseling.

  3. Step 3:

    Contact the Orange County Housing and Community Development Division. Call (407) 836-5150 to learn about current program availability and begin your application for the Orange County Down Payment Assistance Program or the Mortgage Assistance Program (MAP).

  4. Step 4:

    Apply for the OCHFA Homebuyer Program. The Orange County Housing Finance Authority provides additional assistance through competitive first mortgage rates with down payment and closing cost help. Contact the OCHFA for current program details.

  5. Step 5:

    Get pre-approved for a mortgage. Work with an FHA, VA, USDA, or conventional lender. The county assistance can be paired with any of these loan types.

  6. Step 6:

    Find a home in the Alafaya area. The property must be located within Orange County and serve as your primary residence. Verify property eligibility with the county before making an offer.

  7. Step 7:

    Submit your complete application. Your lender will coordinate with Orange County to finalize the assistance package.

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