Leon County Housing Finance Authority Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $10,000 (Deferred Loan)
Thirty-year deferred second mortgage at 0% interest. Never forgiven. Due upon sale, refinancing, transfer of title, or rental of the home within the 30-year term.
Eligibility
- Income limits: FHA/VA/USDA loans: $98,074 for 1-2 person households ($114,360 in targeted areas), $112,785 for 3+ person households ($133,420 in targeted areas). Conventional loans: $74,080 for all household sizes.
- Purchase price limit: $544,232
- First-time buyer required: Yes — Must not have owned a principal residence in the past 3 years. Exceptions for qualified veterans and buyers in designated targeted areas.
- Credit score minimum: 640
- Geographic restrictions: Must purchase a home in Leon County, Florida.
- Homebuyer education required: Yes
How to Apply for Leon County Housing Finance Authority Down Payment Assistance Program
Step 1: Apply through a participating lender approved by the Leon County Housing Finance Authority. Visit their website for the list of approved lenders. Must meet FHA, VA, USDA-RD, or conventional loan requirements.
Notes
Purchase price limit is $544,232 in non-target areas and $665,173 in targeted areas. Qualified veterans and buyers in targeted areas may be exempt from the first-time buyer requirement.