The Down Payment Assistance Program provides assistance to qualified first time homebuyers for down payment and closing costs associated with purchasing a home. The amount of assistance provided will be determined based on household income and size. The amount of assistance available is $45,000 for eligible very low-income buyers, $35,000 for low-income buyers, or $20,000 for eligible moderate-income buyers. All applicants must complete a pre-purchase homebuyer’s education program, and secure a first mortgage.  Click here for full program details.

The City of Boca Raton utilizes State Housing Initiatives Partnership (SHIP) funds to administer a Homebuyer Assistance Program. The program provides purchase assistance to qualified first-time buyers, in the form of a loan for down payment, principal reduction, closing costs and prepaid costs, and eligible rehabilitation expenses). The loan will be secured by a zero interest, deferred payment second mortgage on the property that is forgiven provided the buyer occupies the property as their primary residence for 20 years. Buyers must be able to qualify for a first mortgage that meets our criteria from an insured mortgage lender. This application and other program documents may be requested in an alternative format by contacting the Community Improvement Division. Click here for full program details.

Eligible very-low and low-income homebuyers can apply for down payment, closing cost, and repair assistance for new or existing homes located in the City of Cocoa. Assistance is provided on a first come, first ready basis.

• Maximum assistance per unit is $37,400 for very-low-income and $32,400 for low-income households in the form of a 10-year, 10 percent forgivable deferred-payment loan. *If HOME funds are used, the HOME affordability rules apply over the above affordability periods.
• Home values cannot exceed $172,000 for existing or new construction homes. Mobile or manufactured homes are not eligible for assistance.
• The household must have the ability to obtain a 30 year fixed-rate mortgage.
• To schedule to attend the mandatory homebuyer class contact Community Housing Initiatives at (321) 253-0053.
• Property must remain owner-occupied after purchase during the affordability term.
• Total income and assets for all household members must not exceed the following limits for family size. (See chart below.)
• Pre-1978 Homes are not eligible.
• The home must be located within Cocoa city limits

Click here for full program details.

The City of Titusville offers loans, up to $64,500, to qualified applicants who wish to purchase and occupy new or existing homes within the city limits. First-Time Homebuyer Assistance loans can be used for down payment, closing costs, and/or interest rate buy down.

These loans are deferred and offered at a 0% interest with no monthly payments required. Repayment of the principal balance of the loan plus a portion of the net appreciation is required when the home is sold, the property is transferred, or the home is no longer owner-occupied as a primary resident during the loan term period. Click here for full program details.

Click Here to contact a Refined Lending Loan Officer today to learn more about these programs and others.