Tomell Johnson
Coldwell Banker Realty 850.443.6309

Homeownership can feel out of reach, especially if you’ve never purchased a home and aren’t sure whether you’ll qualify for a mortgage. That’s why the Florida Housing Finance Corporation, known as Florida Housing, offers several programs to help Floridians buy a first home. Learn more about all of your options for buying a home in the Sunshine State below.

Florida Programs


Best For:


Military Heroes Government Loan Program

  • Military
  • Low Interest Rates
  • Closing Cost Assistance
  • Provides 30-year fixed-rate FHA, VA and USDA loans to all qualified veterans and active-duty military personnel, even those who may have recently owned homes.
  • Offers lower interest rates than the Florida First mortgage
  • Borrowers who qualify for this program can also take advantage of a Florida Housing down payment and closing cost assistance program

Florida HFA Prefered Conventional Loan

  • Low Mortgage Interest
  • Gives borrowers access to more affordable mortgage insurance.
  • 30-year fixed-rate loan offsets some of the initial costs that may put conventional loans out of reach for first-time buyers.
  • Those who qualify for an HFA Preferred loan can benefit even more by combining their loan with down payment and closing cost assistance.

Florida HFA Preferred 3% Plus Conventional Loan

  • Low Mortgage Interest
  • Low Down Payment
  • In addition to getting reduced mortgage insurance costs, borrowers who qualify for this 30-year fixed-rate loan can take advantage of Florida Housing’s 3% down payment and closing cost grant, which doesn’t have to be repaid.

Florida Assist Second Mortgage

  • Low Down Payment
  • Allows qualified applicants to borrow up to $7,500 for their down payment.
  • The Florida Assist second mortgage is offered at 0% interest, and payments are deferred, meaning the loan doesn’t have to be repaid until you move out, sell the house, refinance or pay off the original mortgage.

HFA Preferred Grant

  • Down Payment Assistance
  • Closing Cost Assistance
  • Provides qualified borrowers with 3% of the home’s purchase price to be used as a down payment or to pay closing costs.
  • The HFA Preferred program is a grant, which means it doesn’t have to be repaid.

Florida Mortgage Credit Certificate (MCC) Program

  • Tax Credits

Using this program may deliver additional savings to qualified first-time home buyers and eligible veterans in the form of a credit on their federal taxes. Participants can claim 50% of their paid mortgage interest, up to $2,000, every year they occupy the home.