FIRST-TIME HOMEBUYERS DOWN PAYMENT ASSISTANCE Florida Counties
Down Payment Assistance _____________________________ Hamilton Group Funding is a provider of the home financing and down payment assistance programs offered to buyers in participating Florida counties. The mortgage is a 30-year, fixed-rate loan and can be FHA, VA or USDA financing. There are two options available for the down payment assistance (DPA) portion. • DPA Option One Up to $10,000 as a second mortgage that can be used for your down payment and toward closing costs – it has a 0% interest rate and must be paid back upon sale of the home, refinancing, transfer of title or if the home becomes a rental property. • DPA Option Two Up to 3% of the mortgage amount can be used for your down payment and toward closing costs and prepaids. Any additional funds remaining may be used toward a principal reduction of your loan amount. This is a grant that does not need to be repaid. DPA programs vary by county, please consult with your Hamilton Group Funding loan originator for the DPA programs available in your county. To qualify, you must be a first-time homebuyer and the home you are financing must be your principle residence. The home can be new or existing, up to four units, detached or attached, condos, townhomes or manufactured homes that meet the necessary criteria. Additional eligibility and income requirements apply, so please contact Hamilton Group Funding for all the details so we can guide you home!
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