Florida Homeownership Loan Program (FL HLP) Second Mortgage

Florida Housing Finance Corporation offers Florida Homeownership Loan Program (FL HLP) Second Mortgage to first-time buyers in Florida: up to $12,500, as a repayable loan.

Amount: As much as $12,500
Type of help: Loan you must repay
Only for first-time buyers: Yes
Your credit score: At least 640

How is Florida Homeownership Loan Program (FL HLP) Second Mortgage paid back?

You repay it as a 3% loan with monthly payments spread over 30 years. If you sell, refinance or move out, whatever is left comes due.

With a repayable loan, you take on a small second mortgage, pay it down monthly and usually include it with your main home loan payment.

Who qualifies for Florida Homeownership Loan Program (FL HLP) Second Mortgage?

The county where you buy sets income limits and yours must fall under them.
This is open to first-time buyers only (usually meaning you haven't owned a home in the past three years).
Your credit score needs to be 640 or higher.
You must take a homebuyer education course before buying.
You get it together with the first mortgage loan Florida Housing's own program offers: FHA, VA, USDA or conventional.
County by county, the price limit changes.

Most of the limits depend on your county and the size of your household. Use our HUD income limits lookup to see the median income for your area and how your household compares.

How to apply for Florida Homeownership Loan Program (FL HLP) Second Mortgage

You apply with an approved lender, at the same time as your home loan. Florida Housing Finance Corporation sends this help through its approved lenders.
Your income, credit and the home are reviewed against the program's rules by the lender, which then sets the money aside for you.
At closing, the money goes toward your down payment and closing costs.

Check Florida Housing Finance Corporation's page for Florida Homeownership Loan Program (FL HLP) Second Mortgage for the full rules and to see whether it's taking applications. Or choose a lender through the agency's list of participating lenders.

Ask a lender about Florida Homeownership Loan Program (FL HLP) Second Mortgage

Tell us where you're buying and a lender that works with Florida's programs can tell you whether Florida Homeownership Loan Program (FL HLP) Second Mortgage fits you, and what you could combine with it.

Call 866-602-7460

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More first-time buyer programs in Florida

Florida Assist (FL Assist):
As much as $10,000, a deferred loan.
Florida 3%, 4% and 5% HFA Preferred and HFA Advantage PLUS Second Mortgage:
Forgivable loan worth up to 5% of the home loan.
Florida Hometown Heroes Housing (HTH) Program:
A deferred loan: up to 5% of your home loan, at most $35,000.

Every Florida first-time home buyer program · Down payment help in every state