The Down Payment Assistance Program provides assistance to qualified first time homebuyers for down payment and closing costs associated with purchasing a home. The amount of assistance provided will be determined based on your household income. A household can qualify as very low income, low income, and moderate.
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Programs Offered through the City of Coral Springs: Home Repair Program – OPEN . Barrier Free Housing Program – CLOSED . There are also several programs offered directly through Broward County. Visit the Broward County Office of Housing Finance for more information about those programs, including First Time Homebuyer’s (Purchase Assistance).
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The Housing Finance and community redevelopment division offers home buyer Purchase Assistance to qualified home buyers. Assistance is in the form of a deferred payment second mortgage up to $40,000 (or up to $50,000 for Davie, Plantation, and Weston), 0% interest, 15 year term. Funds are available on a first come, first qualified, first served.
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These down payment assistance programs require a 30 year fixed mortgage to be combined with the selected Florida down payment assistance programs. First time home buyer is typically defined as not owning a home in the last 3 years. There may be other options if you are not a first time home buyer.