Florida’s 2026 housing market has not made things easier for buyers with credit challenges. Elevated home prices across Tampa Bay, Orlando, Jacksonville, and South Florida, combined with persistent rate levels and tighter retail bank overlays, mean that a buyer with a 580 FICO score who walks into a single bank is more likely than ever to hear no — even when program guidelines say yes. That gap between a bank overlay and an actual program floor is exactly where an independent mortgage broker with access to 500+ wholesale lenders creates real, measurable value.
If your credit score isn’t where you’d like it to be, you may assume homeownership in Florida is simply out of reach. That assumption is wrong, and it costs real people real opportunities every single year. Several loan programs are specifically designed for borrowers with imperfect credit histories — including VA loans available to borrowers with scores as low as 500 FICO, FHA loans to 580, and broker-exclusive programs like Dynamo DPA and Turbo DPA that can help eligible Florida buyers arrive at the closing table with little to nothing out of pocket at closing. A Florida-licensed mortgage broker who shops hundreds of lenders at once can often find paths that a single bank cannot offer.
Florida also carries a structural qualification advantage that most borrowers never hear about. Because Florida has no state income tax, more of your gross income remains available when a lender calculates your debt-to-income ratio. That one factor alone can shift a borderline qualification into an approval — and it applies to every loan type covered in this guide.
This guide lays out seven concrete strategies, from government-backed loan programs to credit positioning moves, that Florida homebuyers with challenged credit can act on right now. Before you apply anywhere, know this: you can check your eligibility through a no-touch credit inquiry — also known as a soft pull mortgage pre-qualification, no credit check mortgage preapproval, or mortgage pre-approval without hard pull — that uses Vantage Score 4.0 and produces zero impact on your credit file. That matters when you are already working to protect your score.
Whether your score is 500, 580, or 620, at least one path in this list likely applies to your situation. With 1,400+ five-star reviews documented across verified platforms, the track record behind this guidance is verifiable — not just claimed. Read each strategy, note which ones fit, and then reach out for a no-obligation conversation before a single hard inquiry ever touches your report.
Written by Duane Buziak, NMLS #1110647, Florida-licensed mortgage broker serving clients statewide through Coast2Coast Mortgage LLC, NMLS #376205.
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1. FHA Loans: The Lowest Credit Floor With Real Buying Power
The Challenge It Solves
Conventional mortgage guidelines typically require a 620 to 640 credit score minimum, which puts homeownership out of reach for many Florida buyers who have experienced medical debt, job loss, or other credit setbacks. FHA-insured loans exist precisely for this gap, offering a federally backed path that accepts credit profiles most banks will not touch.
The Strategy Explained
According to the HUD FHA Single Family Housing Policy Handbook 4000.1, FHA loans accept credit scores as low as 500 with a 10% down payment, and as low as 580 with a 3.5% down payment. These are the official FHA floors, though individual lenders may impose overlays above these minimums. That is exactly why working through a broker who shops hundreds of lenders matters: some lenders honor the 580 FHA floor while others require 640, and you deserve access to the ones who work with your actual score. For a deeper look at how these thresholds work in practice, see our guide to top FHA loan options in Florida.
FHA loans also carry an assumability feature that adds long-term value. If you purchase with an FHA loan and rates rise further, a future buyer can assume your existing loan at your original rate, which can make your home more attractive to sell.
Here is where Florida’s no-income-tax advantage enters the picture. Because Florida collects no state income tax under Article VII, Section 5 of the Florida Constitution, your gross monthly income is not reduced by state tax withholding when a lender calculates your DTI. That means your qualifying income is effectively higher than a borrower earning the same salary in a state like California or New York. For FHA borrowers who are borderline on DTI, this structural advantage can absorb the cost of FHA’s Mortgage Insurance Premium within the overall payment without pushing the ratio past the limit.
Implementation Steps
1. Confirm your current credit score tier: 500-579 requires 10% down, 580 and above qualifies for 3.5% down. Use a no hard inquiry mortgage pre-approval process to establish your baseline without touching your credit file.
2. Gather documentation: two years of tax returns, recent pay stubs, bank statements, and any explanations for derogatory items. FHA underwriters want context, not just numbers.
3. Use the CFPB mortgage calculator to model your estimated payment including MIP, so you understand the full cost before you apply.
Pro Tips
FHA MIP is permanent on loans with less than 10% down originated after June 2013, so if your score improves after purchase, plan a refinance conversation at the right time. Also remember: FHA allows gift funds for the down payment, which opens the door if family can help with the upfront cost.
2. VA Loans: Credit Floors That Drop to 500 FICO for Eligible Veterans
The Challenge It Solves
Many Florida veterans and active-duty service members don’t realize how powerful their VA benefit actually is for buyers with imperfect credit. The VA loan program is often underused because veterans assume their credit score disqualifies them, when in reality the VA itself sets no official minimum credit score at all.
The Strategy Explained
According to the VA Lenders Handbook, the Department of Veterans Affairs does not mandate a minimum FICO score. Credit score minimums are set entirely by individual lenders through their own overlay requirements. Some VA-approved lenders will go to 500 FICO with appropriate compensating factors. A broker shopping hundreds of lenders can match your specific credit profile to the VA-approved lender whose actual guidelines fit, rather than accepting the first rejection from a single bank with a stricter overlay. Our detailed breakdown of VA loan benefits in Florida covers exactly what eligible veterans can access through this program.
VA loans also carry two advantages that no other program matches: no required down payment for eligible borrowers, and no private mortgage insurance requirement. The absence of PMI alone can save hundreds of dollars per month compared to a conventional loan at the same loan amount.
Florida veterans have an additional resource worth knowing: the Salute Our Soldiers Military Loan Program through Florida Housing Finance Corporation pairs with VA financing to provide down payment and closing cost assistance. Verify current terms at floridahousing.org before applying, as program parameters are updated periodically.
And again, Florida’s no-income-tax environment means your gross income goes further in DTI calculations, which is especially meaningful for veterans on fixed military pay or transitioning to civilian employment.
Implementation Steps
1. Obtain your Certificate of Eligibility (COE) through VA.gov or ask your broker to pull it on your behalf, which is a standard part of the process.
2. Request a soft credit pull mortgage review to identify your current score and any items that could be addressed before a formal application.
3. Ask specifically about lenders in the broker’s network who accept lower FICO scores on VA loans, since overlay requirements vary widely.
Pro Tips
VA funding fees can be financed into the loan, so out-of-pocket costs at closing remain low. Veterans with a service-connected disability rating of 10% or higher are typically exempt from the funding fee entirely. Confirm your disability status documentation before closing.
3. Florida Down Payment Assistance Programs That Work With Imperfect Credit
The Challenge It Solves
For many Florida buyers with challenged credit, the down payment is the second barrier after the credit score itself. Florida Housing Finance Corporation operates real, funded programs that provide down payment assistance to eligible buyers, and these programs work alongside FHA and VA financing, not instead of it.
The Strategy Explained
Two primary programs are available through Florida Housing Finance Corporation:
FL Assist: $10,000 provided as a 0% interest deferred second mortgage. No monthly payment is required. The balance is repaid when you sell, refinance, or transfer the property. This is the most straightforward option for buyers who want to preserve monthly cash flow.
FL HLP: $10,000 provided at 3% interest as a 15-year amortizing second mortgage. A monthly payment of approximately $69 is required. This option may carry a slightly lower rate on the first mortgage than FL Assist in some scenarios.
Eligibility for both programs is tied to income limits based on HUD Area Median Income by county. Check current limits for your specific county at the HUD AMI dataset page. Florida also offers several additional homebuyer assistance programs that stack with these options depending on your county and income tier.
Here is the 3-variable DPA breakeven calculation that every FL Assist borrower should run before deciding. This is illustrative and not a commitment to any specific rate or outcome:
Scenario (illustrative): $10,000 FL Assist received on a $280,000 loan. The DPA program carries a rate premium of approximately 0.25% compared to a non-DPA loan at the same credit tier.
Variable 1 — Rate premium cost per month: A 0.25% rate increase on a $280,000 loan adds approximately $42 per month to the principal and interest payment.
Variable 2 — DPA dollar amount received: $10,000 in assistance received upfront.
Variable 3 — Ownership timeline: $10,000 divided by $42 per month equals approximately 238 months, or roughly 20 years, to break even if you hold the loan without refinancing.
The critical insight: if rates drop and you refinance before that breakeven point, you repay the deferred $10,000 at refinance. The question becomes whether the $10,000 in upfront assistance was worth the rate premium for the time you held the loan. For buyers who plan to refinance within five to seven years if rates improve, the math often still favors taking the assistance. Actual rate premiums vary by lender and program, and this calculation should be run with your specific numbers before deciding.
Implementation Steps
1. Verify your household income against current HUD AMI limits for your Florida county at the HUD AMI dataset page.
2. Confirm current FL Assist and FL HLP terms at floridahousing.org, as program terms are updated and funding can be exhausted.
3. Run the 3-variable breakeven calculation with your actual loan amount, your actual rate premium, and your realistic ownership timeline before committing to either program.
Pro Tips
DPA programs often require a homebuyer education course. Complete it early in the process so it doesn’t delay your closing timeline. Also confirm whether your target property type is eligible, as some DPA programs exclude manufactured homes or investment properties.
4. Shop Hundreds of Lenders Through One Broker Instead of One Bank
The Challenge It Solves
Most bad-credit borrowers who get rejected at a bank assume the answer is no everywhere. That is almost never accurate. What they ran into is a lender overlay, which is an internal policy that is stricter than the program’s official guidelines. A bank may require 640 on an FHA loan even though FHA officially allows 580. That gap is the difference between a rejection and an approval, and most borrowers never find out it exists.
The Strategy Explained
A mortgage broker accessing hundreds of lenders does something a single bank cannot: match your specific credit profile to the lender whose actual underwriting guidelines fit your situation. Overlays vary significantly across lenders. Some accept 580 on FHA. Some accept 500 on VA with compensating factors. Some have more flexibility on recent credit events like a short sale or medical collections. The broker’s job is to know which lender fits which borrower, not to push every borrower through the same product. Understanding which mortgage lender offers the best rate for your specific credit profile is exactly where broker access creates the most value.
The starting point for this process is a no credit hit mortgage application using Vantage Score 4.0. This soft pull produces zero impact on your credit file, which matters when you are actively working to protect or improve your score. You get a real picture of your eligibility across hundreds of lenders without the credit score damage that comes from multiple hard inquiries.
Florida’s no-income-tax environment strengthens this process further. When a broker runs your numbers across lenders, your gross income is not reduced by state tax withholding in the DTI calculation. That structural advantage can move you from borderline to qualifying on programs where DTI is the tighter constraint.
Implementation Steps
1. Start with a soft pull mortgage broker review before any formal application. This establishes your actual score and identifies which program tiers you fall into.
2. Be transparent about your full credit picture, including recent late payments, collections, or public records. A broker can only match you to the right lender if they understand the complete profile.
3. Ask specifically which lenders in the network have the most flexibility on your score tier for the program type you are targeting (FHA, VA, USDA, or Non-QM).
Pro Tips
Multiple soft inquiries do not affect your credit score. Multiple hard inquiries within a short window for the same loan type are typically treated as a single inquiry by credit scoring models, but only if they occur within a specific rate-shopping window. A broker who starts with a soft pull keeps you in control of when the first hard inquiry happens.
5. Credit Restoration Before You Apply: The Strategic Timing Window
The Challenge It Solves
Many buyers with scores in the 540 to 570 range are closer to an FHA qualification threshold than they realize. A targeted credit restoration effort in the 30 to 60 days before application can be the difference between a 580 approval and another rejection, and it doesn’t require waiting years for negative items to age off naturally.
The Strategy Explained
Credit scores are sensitive to a specific set of factors, and not all negative items carry equal weight. Utilization rate on revolving accounts is one of the fastest-moving variables: paying down a credit card balance can produce a meaningful score movement within one billing cycle. Disputing inaccurate items, particularly accounts that don’t belong to you or balances reported incorrectly, can also produce rapid changes when the dispute resolves in your favor. Our step-by-step guide on how to improve credit before buying a house walks through each of these tactics in detail.
Rapid rescore is a process where a mortgage broker submits documentation of a correction directly to the credit bureaus through a specialized channel, and the updated score is returned in days rather than the 30-plus days a standard dispute takes. This tool is specifically designed for the mortgage process and is not available to consumers directly.
The coordination piece matters as much as the tactics. Credit restoration efforts need to be timed so that your score peaks when your application goes in, not before or after. Starting restoration too early means the score may drift before your application. Starting too late means you miss the benefit. A broker coordinating both the credit work and the loan preparation keeps these timelines aligned.
Florida’s no-income-tax DTI advantage also becomes more relevant here. As your score improves and you access better program tiers, the DTI calculation using your full gross income without state tax reduction gives you more room to qualify at a higher loan amount than a comparable borrower in a tax-heavy state.
Implementation Steps
1. Pull your credit through a mortgage pre-approval without hard pull to identify the specific items affecting your score most.
2. Address utilization first if revolving balances are high relative to limits, as this produces the fastest score movement.
3. Identify any inaccurate items and initiate disputes with documentation, timing the resolution to land before your application date.
Pro Tips
Do not open new credit accounts or close existing ones during the restoration window. New inquiries and changes to account age can offset the gains you are working toward. Keep your credit profile stable while the targeted restoration work happens.
6. The Florida DTI Advantage: How No State Income Tax Changes Your Numbers
The Challenge It Solves
Borrowers who have been told they don’t qualify often accept that answer without understanding how their qualifying income was calculated. In many cases, the DTI number a lender produces is not fixed. Florida’s tax structure creates a genuine, legal qualification advantage that most borrowers never hear about, and it applies to every Florida buyer regardless of credit score.
The Strategy Explained
Florida has no state income tax, established under Article VII, Section 5 of the Florida Constitution. In practical mortgage terms, this means your gross monthly income is not reduced by state income tax withholding when a lender calculates your debt-to-income ratio. A borrower earning $6,000 per month gross in Florida qualifies on the full $6,000. A borrower earning the same $6,000 gross in a state with a 5% income tax effectively qualifies on a smaller number after withholding is considered in the lender’s view of take-home capacity. For a complete breakdown of how this ratio is calculated and what thresholds lenders use, see our guide on what is debt-to-income ratio for a mortgage.
That difference is real and recurring. For bad-credit borrowers who are borderline on DTI, this structural advantage can be the margin that shifts a qualification from no to yes. It applies to FHA borrowers absorbing MIP costs, VA borrowers calculating total housing expense, and USDA borrowers near income limits.
Florida Statute 196.031, the Homestead Exemption, adds a second Florida-specific benefit. Once you establish the property as your primary residence and apply for the exemption, you receive a $50,000 assessed value reduction: the first $25,000 applies to all taxing authorities, and the second $25,000 applies to non-school levies. Note that the exemption typically does not appear in your first year of ownership, as it must be applied for by March 1 following the year of purchase. Over time, this reduction meaningfully lowers your annual property tax bill, which is part of your PITI payment and directly affects your long-term DTI.
These two Florida-specific factors, no state income tax and the Homestead Exemption, work together to improve the qualification picture for buyers who are otherwise borderline on DTI. If a lender has told you that you don’t qualify, understanding these factors and working with a broker who models them correctly is worth a second look.
Implementation Steps
1. When reviewing any lender’s DTI calculation, confirm that your gross income is being used without any state tax reduction, which is the correct treatment for Florida borrowers.
2. After purchase, file for your Florida Homestead Exemption by March 1 of the year following your closing to lock in the assessed value reduction under Florida Statute 196.031.
3. Use the CFPB mortgage calculator to model your full PITI payment including property taxes, so you understand how the Homestead Exemption affects your long-term payment picture.
Pro Tips
If you are self-employed, your qualifying income is based on your net income from tax returns, not gross revenue. Florida’s no-income-tax advantage still applies at the gross qualifying income level, but the self-employed documentation process requires careful preparation. Non-QM products may provide more flexibility here, which leads directly to the next strategy.
7. USDA and Non-QM Loans: Paths When Conventional and FHA Don’t Fit
The Challenge It Solves
Not every Florida buyer fits neatly into FHA or VA guidelines. Self-employed borrowers with complex income documentation, buyers with a recent bankruptcy or foreclosure within certain seasoning windows, and buyers in rural or suburban Florida areas often have options they don’t know exist. USDA and Non-QM products fill these gaps.
The Strategy Explained
USDA Rural Development loans are available in many Florida counties that buyers don’t expect to qualify. The program requires no down payment, carries income limits tied to area median income, and offers credit flexibility that can serve buyers who don’t meet conventional thresholds. Check property-specific eligibility at the USDA eligibility lookup tool before assuming your target area doesn’t qualify. Many suburban Florida communities that buyers consider suburban rather than rural still fall within USDA boundaries. Our complete guide to USDA loan eligibility in Florida covers income limits, property maps, and how to apply.
USDA typically requires a 640 credit score with standard automated underwriting, though some lenders have flexibility with manual underwriting for scores below that threshold. The guarantee fee structure replaces PMI, and the upfront and annual fees are generally lower than FHA MIP on comparable loan amounts.
Non-QM (Non-Qualified Mortgage) products serve a different set of needs. These are portfolio loans held by lenders who set their own guidelines rather than conforming to Fannie Mae, Freddie Mac, FHA, or VA standards. Non-QM products can accommodate bank statement income documentation for self-employed borrowers, recent credit events like a bankruptcy discharged within the past one to two years (depending on the product), and unconventional asset structures. Credit score requirements and down payment requirements vary by product and lender.
One important cost factor specific to rural and coastal Florida properties: flood insurance. Many Florida counties have significant flood zone exposure, and properties in FEMA-designated Special Flood Hazard Areas require mandatory flood insurance. Flood insurance premiums are included in your PITI calculation and directly affect your DTI. Before making an offer on any rural or coastal Florida property, look up the flood zone designation at msc.fema.gov (FEMA Map Service Center). An unexpected flood insurance requirement can add hundreds of dollars per month to your housing expense and change your qualification picture entirely.
Florida’s no-income-tax DTI advantage applies here as well. For USDA borrowers near income limits or Non-QM borrowers with borderline DTI, the gross income treatment in a no-income-tax state provides the same qualification margin it does across every other program type.
Implementation Steps
1. Check property eligibility at the USDA eligibility lookup tool for any Florida property you are considering, even if you assume it won’t qualify.
2. Look up the flood zone designation for your target property at msc.fema.gov before making an offer, and get a flood insurance quote to include in your payment modeling.
3. If you are self-employed or have a recent credit event, ask specifically about Non-QM products and what documentation or seasoning periods apply to your situation.
Pro Tips
Non-QM loans typically carry higher rates than government-backed products, which reflects the additional risk lenders assume. Model the full payment carefully and have a clear refinance plan for when your credit profile strengthens or when conventional rates become accessible to you. The goal is to get into the home now and optimize the financing later.
Loan Program Comparison: Florida Bad Credit Home Loan Options at a Glance
Use this table as a quick reference before your consultation. Program terms, overlays, and availability vary by lender and are subject to change.
FHA | Min Credit Score: 500 (10% down) / 580 (3.5% down) | Down Payment: 3.5%–10% | PMI/MIP: MIP required | Best For: First-time buyers, lower credit scores
VA | Min Credit Score: No official minimum; lender overlays typically start at 500+ | Down Payment: 0% | PMI/MIP: None | Best For: Eligible veterans and active-duty service members
USDA | Min Credit Score: Typically 640 (some manual underwriting flexibility) | Down Payment: 0% | PMI/MIP: Guarantee fee applies | Best For: Rural and suburban Florida properties within USDA boundaries
Conventional | Min Credit Score: Typically 620–640 | Down Payment: 3%–20% | PMI/MIP: PMI if less than 20% down | Best For: Stronger credit profiles with documented income
Non-QM | Min Credit Score: Varies by product | Down Payment: Varies | PMI/MIP: Varies | Best For: Self-employed borrowers, recent credit events, unconventional income
Your Implementation Roadmap
Seven strategies is a lot to absorb, so here is how to prioritize based on where you are right now.
Start with the no-touch credit inquiry. This establishes your baseline score using Vantage Score 4.0 with zero impact on your credit file. Every other decision flows from knowing your actual score tier and what’s on your report.
From there, three variables determine your path: your current score tier, your down payment availability, and your timeline.
If you are a veteran or active-duty service member: Start with the VA strategy. The combination of no required down payment, no PMI, and lender overlays as low as 500 FICO makes VA the strongest starting point for eligible borrowers regardless of credit score.
If your score is 580 or above and you are not VA-eligible: FHA is your primary path. Model the full payment including MIP, apply the Florida DTI advantage to your gross income calculation, and run the DPA breakeven if you are considering FL Assist or FL HLP.
If your score is in the 540 to 579 range: Credit restoration before application is worth a focused 30 to 60 day effort. A targeted move above 580 opens the 3.5% down FHA path. Run the numbers before accepting a 10% down requirement.
If your target property is in a rural or suburban Florida area: Check USDA eligibility before assuming it doesn’t apply. No down payment and no PMI equivalent make USDA competitive even at higher credit thresholds.
If you are self-employed or have a recent credit event: Non-QM products deserve a direct conversation. The guidelines vary enough by lender that a broker review is the only way to know what’s available for your specific situation.
Do not accept a single bank’s rejection as a final answer. Lender overlays are real, they vary significantly, and a broker shopping hundreds of lenders is the most efficient way to find the one whose guidelines fit your profile.
Florida’s no-income-tax DTI advantage, the Homestead Exemption under Florida Statute 196.031, and real funded programs like FL Assist and FL HLP exist to help Florida buyers qualify. Use them.
Get your credit-safe consultation today and discover the loan options that fit your life, backed by trusted guidance every step of the way. The consultation starts with a soft pull mortgage broker review, no hard inquiry, no credit impact, no obligation.
2026 Update: Broker-Exclusive DPA Programs, 500+ Lenders, and the Full Bad-Credit Buyer Toolkit
Florida’s 2026 housing market has not softened meaningfully for buyers with challenged credit. Elevated home prices, persistent rate levels, and tighter retail bank overlays all make the broker channel more important than ever for Florida buyers who don’t fit a conventional template. Two broker-exclusive DPA programs have become particularly relevant for this buyer segment — and they are not available through any retail bank or direct lender.
Dynamo DPA and Turbo DPA: Paths Retail Lenders Cannot Offer
Beyond FL Assist and FL HLP, Florida buyers with challenged credit should know about two wholesale-channel DPA products: Dynamo DPA and Turbo DPA. These are investor-specific programs available exclusively through independent mortgage brokers, not through retail banks or direct lenders.
Dynamo DPA covers a meaningful portion of down payment and closing costs through a second-lien structure, helping eligible Florida buyers arrive at the closing table with little to nothing out of pocket. Critically for bad-credit buyers, its qualification parameters are set at the investor level — not anchored to Florida Housing’s AMI thresholds — which means buyers who narrowly miss FL Assist income or credit requirements may still find a qualifying path. Terms vary by investor; always confirm current parameters with your broker.
Turbo DPA prioritizes execution speed. For buyers with challenged credit who are already working within tighter timelines — perhaps due to a lease expiration or motivated seller — Turbo DPA’s faster close structure can match the 21–30 day window of a standard FHA loan without sacrificing cost assistance. In competitive Florida markets, this combination matters.
Both programs are accessible through the same broker relationship that provides FL Assist, FL HLP, Salute Our Soldiers, FHA, VA, USDA, and Non-QM products — evaluated together in a single soft pull mortgage pre-qualification conversation, with no hard inquiry required to explore your options.
500+ Wholesale Lenders, 1,400+ Five-Star Reviews: The Independence Advantage
Florida Mortgage Maestro operates as a fully independent mortgage broker — not a retail bank, not captive to any single wholesale investor — with access to 500+ wholesale lenders simultaneously. For bad-credit Florida buyers, this independence is not a marketing point — it is the mechanism that turns a bank rejection into an approval.
Retail lenders impose overlays. One bank requires 640 on FHA even though HUD’s floor is 580. Another won’t touch VA below 620 even though the VA sets no minimum FICO. The broker channel includes investors who actually hold to the program floors — 500 FICO on VA, per VA.gov eligibility guidelines, and 580 FICO on FHA per HUD.gov. With 1,400+ five-star reviews documented across verified platforms, this track record is verifiable — not just claimed.
The practical sequence for bad-credit Florida buyers in 2026: start with a soft credit pull mortgage broker review (also known as a no credit check mortgage preapproval or mortgage pre-approval without hard pull), get a clear eligibility picture across all available programs, then decide which path fits your profile. One soft pull. Zero hard inquiry. A complete view of your 2026 Florida buying power including Dynamo DPA, Turbo DPA, FL Assist, FL HLP, and Salute Our Soldiers.
Florida DPA Program Terms Confirmed for 2026
Florida Housing Finance Corporation’s core DPA programs remain active. Terms confirmed at floridahousing.org:
- FL Assist: Up to $10,000 at 0% interest, non-amortizing deferred second mortgage. No monthly payment. Repaid on sale, refinance, or transfer. Income-limited by HUD AMI county thresholds.
- FL HLP (Home Loan Program): Up to $10,000 at 3% interest, 15-year amortizing second mortgage, monthly payment approximately $69. Due in full at first mortgage payoff if sold or refinanced before 15 years.
- Salute Our Soldiers Military Loan Program: For eligible active-duty military, veterans, and surviving spouses. Below-market first mortgage rate plus DPA second mortgage. Stackable with VA loan benefits for qualifying Florida veterans with challenged credit.
Program terms are subject to change. Verify current terms at floridahousing.org before any application decision.
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