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: Up to $12,500
Kind of help: Repayable loan
First-time buyers only: Yes
Credit score: 640 or higher

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

Repayable loan: 3% loan with monthly payments over 30 years. What is left is due if you sell, refinance or move out.

A repayable loan is a small second mortgage you pay off each month, usually in the same payment as your main home loan.

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

Your income must be below the limits for the county where you buy.
Only for first-time buyers (usually no home owned in the past three years).
A credit score of 640 or higher.
A homebuyer education course before you buy.
It comes with florida Housing's own first mortgage loan (FHA, VA, USDA or conventional).
Price limit: varies by county.

Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.

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

Florida Housing Finance Corporation pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
The lender checks your income, credit and the home against the program's rules and reserves the money for you.
The help is paid at closing, toward your down payment and closing costs.

Read the full rules and whether it is taking applications on Florida Housing Finance Corporation's page for Florida Homeownership Loan Program (FL HLP) Second Mortgage, or pick a lender from 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

Rather not call? Send your details and the lender will reach you.

Other first-time buyer programs in Florida

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

All Florida first-time home buyer programs · Down payment assistance in every state