Got questions? We're here to help! Whether it's about mortgage rates, plans, or the process, feel free to ask us anything. We're ready to guide you every step of the way!
Call Us: (727) 642-1166NEW PROGRAM! RENT-TO-OWN
Rent-to-own
Allows you to move into your future home now while you spend 1–3 years getting your financial 'house' in order. Rent-to-own programs can be an excellent 'bridge' for people who are currently excluded from the traditional mortgage market but have the income to support a home.
- Poor Credit OK (even below 580 score)
- Bank Statement deposits as Income OK
- Zelle deposits as income OK
- No enough tradelines OK
- BK, Foreclosure OK
- 6% Seller Concessions to pay closing cost OK
- Gift money OK (parents or siblings) OK
- Buyers Agents get your full commission !!!
Unlock Your Dream Home with a Down Payment Assistance
Pinellas County
SHIP Program
Located in unincorporated Pinellas. Income Limits $75,000 Assistance Up To. Max Purchase Price $544,233. Credit Score 640+. Closing Time 60 days. $1,000 Borrower Min. Contribution.
All Florida
FHA 100% + 6% Sellers Concessions. Anywhere in Florida. No Income Limits. 3.5% Assistance. Max Purchase Price $541,287. Credit Score 640+. Closing Time 30 days. $5,000 Borrower Min. Contribution.
City of St Petersburg
Only For This City. City of Saint Petersburg. Income Limits $75,000 Assistance Up To. Max Purchase Price $544,233. Credit Score 640+. Closing Time 60 days. 1% Borrower Min. Contribution.
City of Clearwater
Only For This City. City of Clearwater. Income Limits $75,000 Assistance Up To. Max Purchase Price $544,233. Credit Score 640+. Closing Time 60 days. 1% Borrower Min. Contribution.
City of Largo
Only For This City. City of Largo. Income Limits $75,000 Assistance Up To. Max Purchase Price $544,233. Credit Score 640+. Closing Time 60 days. $1,000 Borrower Min. Contribution.
ALL Florida
** The best interest rate ** Anywhere in Florida. No Income Limits. Not Required. Max Purchase Price $524,225. Credit Score 620+. Closing Time 25 days. 3.5% Borrower Min. Contribution.
WHO WE ARE?
Your Trusted Partner in Home Financing & Down Payment Assistance!
Generation Mortgage Associates, a trusted mortgage company specializing in Down Payment Assistance, is here to guide you through accessing the City of Saint Petersburg's Down Payment Assistance Program.
This program provides financial support to make homeownership more attainable for qualifying buyers by the City of St Petersburg.
As a mortgage company we will process your application for the Down Payment Assistance from the City of Saint Petersburg and provide an FHA or Conventional Loan (depending on your credit score).
NOTE: The program for Down Payment Assistance from the City of Saint Petersburg, do not work directly with the buyers. Therefore, Generation Mortgage Associates as qualified mortgage company process your application with the City.
What We Offer?
We specialize in down payment assistance programs and mortgage loans. We streamline the mortgage process to make your homeownership dreams a reality. Our tailored solutions and expert support ensure a smooth journey, empowering you to achieve your goals with confidence.
How it works
How to get pre-approved?
STEP 1: Quick Pre-Approval
Use the calculator and see the program you qualify.
Down Payment Assistance Calculator
STEP 2: PULL YOUR CREDIT REPORT OR PROVIDE ONE
The Down Payment Assistance (DPA) program does not have a specific credit score requirement. However, FHA or Conventional loans require a minimum mid-credit score of 620 for all applicants. We receive numerous applications daily, so it is essential for you to authorize and pull your own credit report. Use the link below to pay for and access your credit report.
STEP 3: APPLY
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Uniform Residential Loan Application
Form 1003 — complete the five steps below. Your progress is saved on this device so you can come back and finish later.
Application received
Personal information
Who you are and how we can reach you.
Current address where you live now
Former address if you have lived at your current address for less than 2 years
Mailing address if different from your current address
Current employment / self-employment and income
Your main job and what it pays each month.
Current employment
Additional employment / self-employment and income a second job or business
Previous employment / self-employment and income if your current job started less than 2 years ago
Income from other sources alimony, child support, social security, retirement…
Military service
Did you (or your deceased spouse) ever serve, or are you currently serving, in the United States Armed Forces?
Demographic information
Federal law asks lenders to collect this to make sure everyone is treated fairly. You may choose not to answer.
STEP 4: PROVIDE INCOME DOCS
After you complete the application you will receive and email with a secured link to upload your documents.
- 30 days of pay stubs.
- 2 years of W-2s, or, if self-employed, 2 years of tax returns.
- Any other income sources SSI, SSA, etc.
What our clients say
Congratulations to Kirenia Milan and Keyla Milan for the purchase of their new home Saint Petersburg, FL 33714 - Thanks to the Down Payment Assistance Program they only paid $1000 deposit + $300 inspection (optional) + $485 appraisal + $39.48 at closing
Congratulations to Jose A Loret de Mola and Danay Garcia for the purchase of their new home Saint Petersburg, FL 33713 - Thanks to the Down Payment Assistance Program they only paid $400 deposit + $485 appraisal + $14 at closing
Frequently Asked Questions
What documents do I need to apply for a mortgage?
30 days of pay stubs, latest 2 years of W-2s, or, if self-employed, 2 years of tax returns. Latest 2 months of bank Statements.
How long does the mortgage approval process take?
The mortgage approval process can vary based on several factors, including the type of loan and your financial situation. Generally, it can take anywhere 30-45 days. We strive to make the process as quick and efficient as possible. NOTE: The City may take up to 60 days.
What is the difference between a fixed-rate and an adjustable-rate mortgage?
A fixed-rate mortgage has a constant interest rate throughout the loan term, while an adjustable-rate mortgage (ARM) has an interest rate that may change periodically based on market conditions.
How do I know how much I can borrow?
Your borrowing capacity depends on various factors, including your income, credit score, debt-to-income ratio, and the type of loan you are applying for. Our team can help you assess your financial situation to determine the right amount.
Does this website belong to any City or County Down Payment Assistance Program?
No, this website belongs to Generation Mortgage Associates, LLC. Some Cities like The City of Saint Petersburg does not work directly with buyers. At Generation Mortgage Associates, LLC, we are an experienced mortgage company specializing in providing FHA and Conventional Loans, paired with Down Payment Assistance Programs.
Thank you for choosing us. We are dedicated to helping you achieve your homeownership goals with personalized service and expert guidance. For more information or assistance, feel free to reach out to us anytime!