Down Payment Assistance



Down Payment Assistance (DPA)

Assistance to Help First Time Home Buyers purchase a home

The Down Payment Assistance Program can provide assistance to qualified First Time Home Buyer's for down payment and closing costs associated with purchasing a home.

  • First Time Home Buyer: the definition includes persons or households who have not owned a home or had an interest in a home during the three (3) year period immediately prior to applying for Purchase Assistance
  • The amount of assistance provided is determined and based on total household income. (income from all adults living in the house that are over 18 years of age)
  • Home Buyer must contribute the greater of $1,000 or 1.75% of the contract sales price.
  • Minimum credit score for all applicants is 640
  • All applicants must complete a pre-purchase home buyer’s education program and secure a first mortgage.
  • Qualify for a 1st mortgage through a certified Lender
  • Eligible mortgage loans: fixed rate FHA, 203(k), Conventional, VA, and USDA; owner financed homes are not eligible under the DPA program.
  • Must have legal right to permanently reside in the United States
  • Must complete Down Payment Assistance loan application for the county assistance is requested.
  • Eligible properties include single-family homes, condominiums, and townhouses.
  • A household can qualify as very low income, low income, or moderate.
  • Purchase a home that will be their primary residence

The amount of assistance available:

  • Orange County $10,000.00 up to $30,000.00
  • Seminole County $10,000.00 up to $50,000.00
  • Osceola County $10,000.00 up to $30,000.00

Maximum purchase price:

  • Orange County $214,000.00
  • Osceola County $200,000.00
  • Seminole County $200,000.00 existing homes
  • New home construction up to$259,000.00

Down Payment Assistance must be repaid if the property is not occupied by the borrower during the lien period, sold, rented or refinanced.

Attend post-purchase counseling within six months after the home purchase.