First Time Home Buyer Loans In Florida

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.

Florida First Time Home Buyer Mortgage LoanFlorida Housing partners with lenders and lending institutions throughout the State of Florida to offer first and second mortgage loans to eligible first time homebuyers. For more information, please contact one of the approved loan officers on this page. You will need to choose your county and the number of persons residing in your household. If there is not a loan officer in your area or county, you may contact a loan officer who offers statewide services by selecting another 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.