Down Payment Assistance Florida Grant
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This document summarizes a nationwide down payment assistance program that provides a forgivable grant equal to 2% of the purchase price with no repayment restrictions. It can be combined with up to 6% in seller concessions for closing costs. Eligible borrowers include those with incomes up to 140% of the median area income, first-time homebuyers, or those working in designated public service fields like education, healthcare, civil service, or the military. The program has low minimum credit score requirements starting at 580 and can be used for FHA home purchase or renovation loans. Interested borrowers should contact the loan officer for more details.
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