See programs you qualify for

By Tyler Thompson · Licensed Real Estate Agent · Updated March 25, 2026

Homebuyer Programs in Hollywood, FL (2026)

Population: 153,000 | Median home price: $490,000 | Est. closing costs: $10,000 - $14,500

Hollywood, Florida sits between Fort Lauderdale and Miami in Broward County, known for its iconic Hollywood Beach Broadwalk and growing downtown arts district. With a median home price around $490,000, buyers face a competitive market, but several layered assistance programs can make ownership more attainable. The City of Hollywood First-Time Homebuyer Purchase Assistance Program offers up to $50,000 as a zero-interest deferred loan that reduces annually over 15 years, while the Broward County Homebuyer Purchase Assistance Program provides up to $80,000 in additional deferred assistance. Buyers can also benefit from the Broward County Mortgage Credit Certificate Program for up to $2,000 per year in federal tax credits, and state programs like Florida Hometown Heroes (up to $35,000) and Florida Assist ($10,000). By combining city, county, and state programs, eligible Hollywood buyers could access over $100,000 in total down payment and closing cost assistance.

City Programs in Hollywood

Program Name	Type	Amount	First-Time Only	Details
City of Hollywood First-Time Homebuyer Purchase Assistance Program	Deferred Loan	Up to $50,000	Yes	View →

City of Hollywood First-Time Homebuyer Purchase Assistance Program

Type:: Deferred Loan
Amount:: Up to $50,000
First-time only:: Yes

County Programs in Broward County

Program Name	Type	Amount	First-Time Only	Details
Broward County Homebuyer Purchase Assistance Program	Deferred Loan	Up to $80,000 in most participating communities; up to $120,000 in Weston, $75,000 in Pembroke Pines, $50,000 in Hollywood and Margate, $40,000 in Sunrise	Yes	View →
Broward County Mortgage Credit Certificate Program	Tax Credit	Up to $2,000 per year	Yes	View →

Broward County Homebuyer Purchase Assistance Program

Type:: Deferred Loan
Amount:: Up to $80,000 in most participating communities; up to $120,000 in Weston, $75,000 in Pembroke Pines, $50,000 in Hollywood and Margate, $40,000 in Sunrise
First-time only:: Yes

Broward County Mortgage Credit Certificate Program

Type:: Tax Credit
Amount:: Up to $2,000 per year
First-time only:: Yes

State Programs in Florida

Program Name	Type	Amount	First-Time Only	Details
FHLBA Community Partners Product	Forgivable Loan	Up to $20,000 in home purchase assistance for down payment and closing costs	No	View →
FHLBA First Time Homebuyer Product	Forgivable Loan	Up to $17,500 in home purchase assistance for down payment and closing costs	Yes	View →
FHLBA Workforce Housing Plus+	Grant	Up to $15,000 in home purchase assistance for down payment and closing costs	No	View →
Florida Assist (FL Assist) Second Mortgage Program	Deferred Loan	Up to $10,000	Yes	View →
Florida HFA Preferred and Advantage PLUS Program	Forgivable Loan	3%, 4%, or 5% of the total first mortgage loan amount (HFA Advantage PLUS TBA, Freddie Mac first mortgage only)	Yes	View →
Florida Hometown Heroes Housing Program	Deferred Loan	Up to 5% of first mortgage loan amount, minimum $10,000, maximum $35,000	Yes	View →

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:: Grant
Amount:: Up to $15,000 in home purchase assistance for down payment and closing costs
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 total first mortgage loan amount (HFA Advantage PLUS TBA, Freddie Mac first mortgage only)
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

Federal Programs

Program Name	Type	Amount	First-Time Only	Details
FHA Loans	Government-Insured Mortgage	Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)	No	View →
Good Neighbor Next Door (HUD)	Government Property Sale Program	50% discount off the list price of HUD-owned homes	Yes	View →
Home Possible Mortgage (Freddie Mac)	Government-Guaranteed Mortgage	Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment	No	View →
HomeReady Mortgage (Fannie Mae)	Government-Guaranteed Mortgage	Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment	No	View →
HUD $100 Down Program	FHA-Financed HUD REO Purchase	Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.	No	View →
USDA Rural Development Loans	Government-Guaranteed Mortgage	100% financing (no down payment required); loan amount up to appraised value	No	View →
VA Loans	Government-Guaranteed Mortgage	No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)	No	View →

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

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

Nonprofit Programs

Program Name	Type	Amount	First-Time Only	Details
Habitat for Humanity of Broward Homeownership Program	Zero-Interest Loan	Affordable mortgage with below-market terms	Yes	View →
South Florida Community Land Trust Homeownership Program	Deferred Loan	Permanently affordable homes priced in the $200,000s to $300,000s	Yes	View →

Habitat for Humanity of Broward Homeownership Program

Type:: Zero-Interest Loan
Amount:: Affordable mortgage with below-market terms
First-time only:: Yes

South Florida Community Land Trust Homeownership Program

Type:: Deferred Loan
Amount:: Permanently affordable homes priced in the $200,000s to $300,000s
First-time only:: Yes

Free eligibility check

18 programs available in Hollywood. See which ones you qualify for.

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How to Apply

Step 1: Check your eligibility. The City of Hollywood program requires household income at or below 120% of AMI and first-time homebuyer status (no homeownership in the past 3 years). You must have liquid assets of at least 3% of the first mortgage loan amount.

Step 2: Complete homebuyer education. A HUD-approved homebuyer education course is required. The Urban League of Broward County offers free counseling at 954-584-0777. Neighborhood Housing Services of South Florida also provides homebuyer education in the area.

Step 3: Contact the City of Hollywood Department of Housing and Community Redevelopment at 954-622-4182 to learn about current funding availability and the Neighborhood Pride Eligibility Area map. The application fee is $12.

Step 4: Apply for the Broward County Homebuyer Purchase Assistance Program through the county's Housing Finance and Community Development Division. You will need to contribute 1% of the down payment from personal funds and pay a $750 transaction fee.

Step 5: Get pre-approved for a mortgage through a Florida Housing-approved lender. Ask about the Broward County Mortgage Credit Certificate Program for up to $2,000 per year in federal tax credits. Contact the Housing Finance Authority of Broward County at 954-357-4900.

Step 6: Find a home within program limits. The maximum purchase price is $636,806. The property must be within Hollywood's Neighborhood Pride Eligibility Area for the city program.

Step 7: Submit your application with the executed purchase contract, pre-approval letter, and required documentation. Contribute at least 3% of your own funds toward the purchase. Funding is available until program funds are exhausted.

Frequently Asked Questions

How much down payment assistance can I get in Hollywood, FL?+

Hollywood buyers can stack multiple programs. The City of Hollywood program offers up to $50,000, and the Broward County Homebuyer Purchase Assistance Program provides up to $80,000. Add state programs like Florida Hometown Heroes (up to $35,000) and Florida Assist ($10,000), and eligible buyers could access over $100,000 in combined assistance.

Do I have to be a first-time homebuyer to qualify?+

Yes, both the City of Hollywood program and the Broward County program require first-time homebuyer status, defined as not having owned a home in the past 3 years. Federal programs like FHA and VA loans do not have this requirement.

What is the maximum home price I can pay?+

The maximum purchase price for the City of Hollywood program is $636,806. Eligible property types include detached single-family homes, townhomes, and condominiums. Mobile homes, multiple dwelling units, and co-operatives are not eligible.

What is the Neighborhood Pride Eligibility Area?+

The City of Hollywood program requires the property to be located within designated Neighborhood Pride areas. Contact the City of Hollywood Department of Housing and Community Redevelopment at 954-622-4182 to obtain the current eligibility area map and confirm whether a specific address qualifies.

How does the Hollywood program forgiveness work?+

The City of Hollywood assistance is a zero-interest deferred loan with no monthly payments. The loan amount reduces by 1/15th each year. If you remain in the home as your primary residence for the full 15-year term, the loan is fully satisfied and you owe nothing. If you sell or change the use during the term, you must repay the remaining balance.

What homebuyer education is required?+

A HUD-approved homebuyer education course is required before applying. The Urban League of Broward County offers free workshops and can be reached at 954-584-0777. Neighborhood Housing Services of South Florida also provides homebuyer education courses in the Broward County area.