Down Payment Assistance (DPA)

 

At CenterState Bank Mortgage, we recognize the fact that some homeowners may require a helping hand in order to pursue the American Dream of home ownership. Our experienced team of mortgage bankers can help you identify which down payment assistance program might be right for your family. We can even set the wheels in motion for your assistance application. Here’s a list of highly respected programs that your mortgage banker can help you with:

 

ProgamStates / Counties CoveredMax Assistance AmountIncome RestrictionsRestricted to First Time BuyerIncome Calculation

Buyer's Advantage CetnerState Portfolio Program

All FL,GA, and ALUp to 100% financing with 680 score80% or 100% of AMI depnding on demographics of the homeN01003 Qualifying
Alabama Housing Step UpAll Alabama Counties3% of Purchase Price$97,300 FHA; 80% AMI ConventionalYes1003 Qualifying
Georgia Dream Georgia Only (FHA Only)

Up to $7,500 PEN;                   

Up to $15,000 HHF Counties of Fulton, DeKalb, Clayton,Muscogee, Douglas, Chatham, Henry and Bibb

Atlanta 1-2  $74,000

Atlanta   3+   $84,500 All other 1-2 $60,500 All other 3+  $69,500

Yes

 

Household
Chenoa FundAll FL,GA, and AL3.5% of Purchase Price as 2ndRate Advantage 115%; DPA Edge UnlimitedNo1003 Qualifying
Lakeview NO MI with Community 2ndAll FL, GA, and AL only Conventional FNM ONLY Requires DU Approve Eligible4% Lesser of Sales Price or Appraised Value140% of AMINo1003 Qualifying
Federal Home Loan Bank (FHLB)MD,VA,NC,SC,GA,FL,ALUp to $5,000 FTHB or $7,500 Veterans or Community Partners80% of HUD Median Income Adjusted for Household SizeDepends on Program; Community Partners and Vets Are Not RestrictedHousehold

Florida Housing Finance Corporation (FHFC) Bond Program

Doc Stamp and Intangible Exempt. Deeds are not exempt

All Florida CountiesUp to $10,000 with Government. Up to $10,000 or up to 4% forgivable 2ndSee Guidelines on ehousingplus.comYesGov't Household, Conventional 1003

HFA of Miami‐Dade

Doc Stamp Exempt Intangible NOT Exempt

Miami‐DadeUp to $10,000See Guidelines on ehousingplus.comYes Except Veterans1003 Qualifying

HFA of Lee County Opportunity Grant

Doc Stamp Exempt Intangible Not Exempt

Lee, Broward, Charlotte, Collier, Desoto, Palm Beach, Sarasota, St. Johns and VolusiaUp to 4% of the loan amount as a GrantSee Guidelines on ehousingplus.comNo1003 Qualifying

HFA of Lee County Opportunity Program

Doc Stamp Exempt Intangible Not Exempt

Lee, Charlotte, Collier, Desoto, Palm Beach, Sarasota, St. Johns*  and Volusia*     (*Grant program only)

Up to $10,000 Palm Beach

$7,500 all others

See Guidelines on ehousingplus.comYesHousehold

HFA of Pinellas

Not Tax Exempt

Pinellas, Polk, Pasco

Up to $7,500 Pinellas;

$5,000 all others

See Guidelines on ehousingplus.comYesHousehold

HFA of Orange County

Doc Stamp Exempt Intangible Not Exempt

Orange, Lake, Osceola and SeminoleUp to $7,500See Guidelines on ehousingplus.com

Government: Yes

Conventional: No

Gov't: Household

Conventional: 1003

HFA of Manatee Doc Grant Program

Single Family Not Tax Exempt

Manatee

Up to 5% of the loan amount as a Grant

Up to $10,000 as a 2nd

See Guidelines on ehousingplus.comNo

1003 Qualifying (Grant)

Household (2nd)

HFA of Hillsborough

Doc Stamp Exempt, Intangible Not Exempt

MCC Req. in Hillsborough

Hillsborough, Clay, Brevard, Duval

Up to $15,000 Hillsborough

Up to $7,500 Clay, Brevard and Jacksonville 

See Guidelines on ehousingplus.comYesHousehold