Living in Charlotte County Florida

Find the perfect home in sunny southwest, Florida

Government assistance for Florida home buyers

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As you are aware, Florida has many foreclosures and short sales.  What is the government trying to do to assist buyers in purchasing a home?  There are a few options.

One is the Florida Assist Loan program.  Many buyers have a hard time coming up with enough money as a down payment.  This program will provide potential buyers with up to $10,000 dollars in down payment assistance.  In order to qualify, the applicant must have an income at or below the 80% area median income.  This down payment assistance is actually like a second mortgage, but the homeowner only has to repay the loan if they sell, refinance, pay off the first mortgage, transfer ownership or move out of town. 

Another option is Homeowner Assistance for Moderate Income (HAMI) Loan program.  This program will allow buyers to borrow up to $5,000 dollars to use toward a down payment or closing costs.  This loan must be repaid at 5% interest.

Some counties provide additional home buying incentives.  Check with your local area to see if any programs are available. For additional information on these programs and a free government mortgage help guide go to

Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL –


Author: tammyhayes

I am a residential realtor serving Charlotte and Sarasota Counties in sunny, southwest Florida. Contact me for all of your real estate needs. I am professional, ethical, informational, and understanding. I will be with you to assist you every step of the way. Whether you are buying or selling a home, I can help.

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