Down Payment Assistance Programs
Buy A Home With Zero Down!
Florida offers a variety of down payment assistance programs that could help you get into a home sooner than you think — and with less out of pocket!
What You May Qualify For:
- Up To 15,000 Down Payment Assistance
- Low or Zero Interest Loans
- Forgivable Grants
- Special Programs For Teachers, First Responders and Veterans
- Credit Scores As Low As 580 Can Qualify
The process is simple:
- Check Your Eligibility Online
- Speak With One Of Our Loan Officers and Get Pre-Approved
- Select The Home You Want To Purchase
Check Your Eligibility
Benefits
No Down Payment Required
Grant money! Nothing To Repay!
Same Day Approvals
Eligibility
580+ Credit Score Required
Home Must Be Primary Residence
Up To $15,000 Available Per Household
See What Our Clients Have To Say…
Popular Questions
FAQs
What do I need to qualify for the down payment grants?
The main things needed to qualify for the down payment grants are:
-580+ credit score
-income to show you can repay the mortgage
Our program has no income caps, limits or restrictions. There is also no first time homebuyer requirement.
What if I’m already pre-approved?
If you’re already pre-approved, you will need to apply with Homepad Lending to get approved again for the mortgage and down payment assistance.
Homepad Lending will secure your mortgage and down payment assistance grant as the grant providers do not work with consumers directly.
How do I know which down payment assistance program is best?
All down payment assistance programs are not created equal. The one distinguishing factor between our down payment assistance grants and other programs is you have no obligation to repay our grants.
Most down payment assistance programs will place a 2nd lien on the property which will require you to own the property for 3, 5, 10 or even 20 years. Some down payment providers require you to repay the assistance. We have no restrictions on how long you must own the home and we do not require repayment.
What if I already have a down payment saved?
You would still be eligible for the grants. You could use the money you saved and the grant money to lower your financed mortgage amount.
What loan terms are available?
We currently offer a 30-year, 15-year, 10-year and 5-year repayment terms. The draw period where you can take money from the HELOC will range from 2-5 years depending on the term of the loan.
Are there any pre-payment penalties?
There are no pre-payment penalties for paying off your home equity line of credit early.
Popular Questions
FAQs
What do I need to qualify for the down payment grants?
The main things needed to qualify for the down payment grants are:
-580+ credit score
-income to show you can repay the mortgage
Our program has no income caps, limits or restrictions. There is also no first time homebuyer requirement.
What if I’m already pre-approved?
If you’re already pre-approved, you will need to apply with Homepad Lending to get approved again for the mortgage and down payment assistance.
Homepad Lending will secure your mortgage and down payment assistance grant as the grant providers do not work with consumers directly.
How do I know which down payment assistance program is best?
All down payment assistance programs are not created equal. The one distinguishing factor between our down payment assistance grants and other programs is you have no obligation to repay our grants.
Most down payment assistance programs will place a 2nd lien on the property which will require you to own the property for 3, 5, 10 or even 20 years. Some down payment providers require you to repay the assistance. We have no restrictions on how long you must own the home and we do not require repayment.
What if I already have a down payment saved?
You would still be eligible for the grants. You could use the money you saved and the grant money to lower your financed mortgage amount.
What loan terms are available?
We currently offer a 30-year, 15-year, 10-year and 5-year repayment terms. The draw period where you can take money from the HELOC will range from 2-5 years depending on the term of the loan.
Are there any pre-payment penalties?
There are no pre-payment penalties for paying off your home equity line of credit early.