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The Florida Bond Program

Looking for a way to make purchasing your first home a little bit easier? The Florida Bond Program allows first time homebuyers to acquire a variety of different loans (FHA, USDA, VA, or Conventional) ranging from 95% to 100% loan-to-value ratio. This means that many homebuyers will be able to secure low interest financing through the Florida Bond Program, while putting little to no money down beforehand. Down payment percentages for the various eligible loans are as follows:

Down Payment Assistance

The Florida Bond Program provides down payment assistance for first time buyers in a couple different ways. The Florida Assist down payment assistance loan is a $7,500 loan with a 30-year term, 0% interest, and $0 payments as long as you occupy and do not refinance the property.

Buyers that opt for the Conventional Bond program are able to receive a grant equal to 3% of the home’s sale price, and are not required to pay the grant back after occupying the home for 5 years.

Who Qualifies as a First-Time Home Buyer?

Contrary to what many think, this doesn’t have to be your first home purchase to be considered a first-time home buyer. As long as you have not owned and occupied a primary residence in the past three years, you qualify for the Florida Bond Program as a first-time buyer.

How Does the Program Work?

The Florida Bond program is offered through the Florida Housing Finance Corporation and is available to buyers through specific local and approved lenders. Loan originators must be certified to participate in the program, and all loans in the program are sold to the Florida Housing Finance Corporation after origination. Loans are then serviced by US Bank.

Are you a first-time homebuyer in search of a way to make that down payment process easier? The Florida Bond Program might be the perfect solution. For more information regarding the program, or to schedule a consultation, contact Butler Mortgage today at 407-931-3800.


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Financial Security from a
Reverse Mortgage
USDA Loans
100% Financing to Qualified Buyers
VA Loan
Buy with zero down. 30-year fixed rates