Florida FHA Down Payment Assistance
A free 3.5% down payment anywhere in Florida — no income limits, 640 credit score.
Call (727) 642-1166100% combined financing for Florida buyers
You receive a standard FHA first mortgage for 96.5% of the purchase price, while the remaining 3.5% down payment is covered by a second loan with 0% interest, $0 monthly payments, and forgiveness after 36 qualifying months of payments on the first loan. Unlike many city or county programs, it works anywhere in Florida, without the typical geographic restrictions — Tampa, St. Petersburg, Orlando, Miami or anywhere else in the state.
Program highlights
- FHA first loan for 96.5% of the price
- 3.5% second loan: 0% interest, $0 payment, forgiven after 3 years of payments on the first loan
- If you refinance or sell after 3 years, you do not have to return the 3.5%
- 640 credit score
- No income limits
- Single-family homes, duplexes and triplexes
- Maximum purchase price $541,287
- Borrower minimum contribution: $5,000
- Typical closing time: about 30 days
- Two years of employment history with W-2s and the latest 2 months of bank statements
- All Florida — US citizens and permanent residents
Closing costs: let the seller help
FHA allows sellers to contribute up to 6% toward eligible closing costs, so your real estate agent may be able to negotiate seller concessions that significantly reduce the money you need at closing.
Living in a city with its own program?
City and county programs can offer more assistance but come with income limits and location rules: City of St. Petersburg down payment assistance, Pinellas County SHIP down payment assistance, City of Clearwater down payment assistance, City of Largo down payment assistance. We compare them with you and pick the one that fits.
Credit not ready yet?
If your credit is below the program minimum, our rent-to-own program lets you move into your future home now while you spend 1–3 years getting your finances in order.
How it works with us
Frequently Asked Questions
Is there down payment assistance anywhere in Florida?
Yes. This FHA program covers the 3.5% down payment anywhere in Florida, with no income limits.
Do I have to repay the 3.5%?
The second loan has 0% interest and $0 monthly payments, and it is forgiven after 36 qualifying months of payments on the first loan.
What credit score do I need?
640.
Are there income limits?
No.
What is the maximum purchase price?
$541,287.
Can I buy a duplex or triplex?
Yes — single-family homes, duplexes and triplexes qualify.
Who pays the closing costs?
FHA allows the seller to contribute up to 6% toward eligible closing costs.
Does it work in Tampa?
Yes, the program works anywhere in Florida.
Ready to buy with a free 3.5% down payment? Call us.
Call (727) 642-1166Generation Mortgage Associates, LLC · 1155 South Pasadena S, Suite H, South Pasadena, FL 33707 · Call (727) 642-1166 · Monday–Friday, 9:00 AM–5:00 PM EST · NMLS 1283562. We are a private mortgage company, not affiliated with or endorsed by any government program, county, city, FHA or housing authority. Program terms are set by each program and can change; all loans are subject to approval.