With rising prices and tighter qualification rules making headlines, many Florida residents are wondering: Can I still afford to buy a home?
Even if one program is no longer an option for you, there are multiple paths to homeownership still open—and many of them come with down payment help, tax credits, and forgiving terms designed specifically for first-time or income-qualified buyers.
Let's break down your options.
Florida's Top Homebuyer Assistance Programs (That Most People Don't Know About)
- FL Assist
FL Assist is one of Florida Housing's most popular down payment help options.
- Get up to $10,000 in assistance for your down payment or closing costs.
- It's a zero-interest second mortgage, so there are no monthly payments.
- You only repay it when you sell, refinance, or pay off your first mortgage.
This is ideal for buyers who can afford a mortgage but need assistance overcoming the upfront cost hurdle.
- HFA Preferred or HFA Advantage PLUS Second Mortgage
This option provides additional buying power with grant funding that doesn't need to be repaid if you remain in the home for a few years.
- Receive 3%–5% of your loan amount to help cover your down payment or closing costs.
- No payments are required, and the loan is forgiven after five years as long as you stay in your home.
- Designed for first-time buyers who might not have big savings but have a stable income.
- Florida Homeownership Loan Program (FL HLP)
Sometimes called the "mini loan," FL HLP gives extra help on top of your primary mortgage.
- Offers $10,000 in assistance at 3% interest.
- Comes with a low monthly payment spread over 15 years.
- It can be combined with other programs to keep your main mortgage more affordable.
This is perfect for buyers who are comfortable with a small extra payment but don't want to drain their savings.
- Home Key
Home Key is a flexible program that removes some of the limits found in other options:
- Provides down payment assistance for qualified buyers.
- No income cap or first-time buyer restrictions in many cases — meaning more people can use it.
- Pairs well with other Florida Housing programs.
It's a strong option for repeat buyers or anyone who doesn't fit the usual "first-time buyer" mold.
The Truth About Buying a Home Right Now
You may not need 20% down, or you may not need perfect credit. And you don't need to navigate it alone.
The biggest mistake buyers could make is waiting for the "perfect" moment—while missing out on help that exists right now.
What to Do Next
- Check your eligibility – Most of these programs have simple online tools to see if you qualify.
- Talk to a knowledgeable lender or agent – Someone familiar with Florida Housing and local grants can guide you faster.
- Start your paperwork early – These programs have limited funds and move on a first-come, first-served basis.
Want to know which programs fit your situation?
It only takes 10 minutes to see your options—and it could save you thousands.
Get a quote from a Capital Partners Mortgage officer today, or give them a call at 954-256-1664.
The Keyes Company has a business relationship with Capital Partners Mortgage Services. Because of these relationships, referrals may provide Keyes Company and its owners a financial benefit. You are not required to use the listed provider as a condition for settlement of your loan or the purchase, sale, or refinance of the subject property. For more information, visit keyes.com
