First Time Homebuyer Program
Florida Housing’s First Time Homebuyer Program provides a continuous stream of lending throughout the year for eligible first-time homebuyers. If you're not a first-time homebuyer, you may still be eligible if you're purchasing a home in one of 13 GO Zone counties. Click on the First Time Homebuyer Wizard to find out if you're eligible for the program.
The program offers low-interest 30 and 40 year fixed-rate loans, down payment and closing costs assistance as well as access to credit counseling.
Teachers, firefighters, healthcare workers, police officers, as well as active duty and veteran military personnel could be eligible for lower interest rates.
Eligible applicants include individuals who:
- have never owned a home,
- don't claim their mobile home as real property,
- haven't owned and occupied a home as their primary residence within the past three years,
- have established credit worthiness, and
- have an annual income that does not exceed program limits.
GO Zone Counties: First-Time Homebuyer Requirement Waived in 13 Counties
Congress recently passed the GO Zone Act in response to the devastation caused by hurricanes Wilma and Katrina. This Act has waived the first-time homebuyer requirement and has increased the income and purchase price limits in 13 Florida counties through December 31, 2010. For additional information, click here.