City of Tallahassee First-Time Homebuyer Program

Administered by: City of Tallahassee Housing Division · City · Forgivable Loan

Funding status: Active

How much assistance

Up to 20% of the purchase price (Forgivable Loan)

Zero-interest deferred forgivable loan in 2nd or 3rd lien position. Forgiven after a specified period of continuous owner-occupancy. Must be repaid if the home is sold, transferred, leased, rented, abandoned, or ceases to be your primary residence during the loan term.

Eligibility

  • Income limits: Household income at or below 80% of the Area Median Income (AMI), adjusted for family size, as defined by HUD
  • First-time buyer required: Yes — Must not have owned a principal residence in the past 3 years.
  • Geographic restrictions: Must purchase a home within the City of Tallahassee city limits.
  • Homebuyer education required: Yes

How to Apply for City of Tallahassee First-Time Homebuyer Program

Step 1: Contact the Tallahassee Lenders' Consortium (TLC) or the City of Tallahassee Housing Division. Complete a homebuyer education course through a HUD-approved counseling agency such as the Tallahassee Urban League. Contribute at least $500 toward the down payment or closing costs. Apply through a participating lender.

Visit program website

Notes

Funded through SHIP funds and the City's Affordable Housing Trust Fund. Administered in partnership with the Tallahassee Lenders' Consortium (TLC).

Cities Where This Program Is Available