Financial Assistance

Purchase Assistance 

Most counties and major cities throughout the Tampa Bay area offer down payment assistance loans to income-eligible homebuyers of property within their respective city/county limits.  These loans usually:

• total $15,000 to $40,000,
• are eligible for households up to 140% of area median income,
• have a 0% interest rate,
• have $0 monthly payment, and
• may be entirely forgiven if you remain in the home for a certain number of years.

See if you qualify and learn how to take advantage of these excellent programs. 

• Hillsborough County/Housing Finance Authority
• City of Tampa
• Pinellas County / Housing Finance Authority
• City of St. Petersburg
• City of Clearwater
• City of Largo
• Pasco County
• Hernando County
• Manatee County / Housing Finance Authority
• Polk County

Mortgage Assistance for Those Age 62+

Home Equity Conversion Mortgages (HECMs) were designed by and are insured by the U.S. Federal Government specifically to help keep aging adults in their homes during their retirement.  They are a great option for homebuyers and homeowners age 62 and older.  A HECM can help you hold onto your savings for your well-deserved retirement years, and/or it can help you increase your purchasing power when selecting your permanent home for retirement.

• For more information on the HECM program and How It Works, visit the HECM information webpage for the U.S. Department of Housing & Urban Development..
• To see how a HECM helped a Florida homebuyer secure her retirement dream home, check out this News Story on our site:  HECM: A Beneficial Real Estate Investment Option for Boomers..
• For a list of recommended HECM Loan Specialists, contact Robert Coscia, Broker and Owner of Personal Realty Advisers.  He’ll ascertain your preferences and needs and connect you with one or more lenders who can guide you through the process. 
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