The Florida Housing Finance Corporation currently offers a 4.75% 30-year fixed rate mortgage to qualifying borrowers. This mortgage loan can be combined with one of the down payment assistance programs offered in your county.
Additionally, the USDA offers what is know as the Section 502 Direct Loan Program which “assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.”
To find out more about the Section 502 Direct Loan Program availability in Florida, you can visit this USDA webpage for more information.