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City of Marathon First-Time Homebuyer Assistance

City of Marathon First-Time Homebuyer Assistance is a forgivable loan for homebuyers in Marathon, Florida.

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The program asks for

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • A home inside Marathon city limits

It doesn’t cover

  • Households above 120% of area median income
  • Homes outside Marathon

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Income limit

120% of Monroe County’s area median income

HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.

$129,600
Area median income, 4-person household (HUD, 2026)
Income limits in Florida

Where it applies

Marathon’s homes

  • 48.7% single-family
  • 7.8% townhouse
  • 9.7% 2–4 units
  • 19.9% 5+ units
  • 13.9% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$725,800

Marathon median home value

45.8%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Marathon

How to apply

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Free course · 10 minCity of Marathon First-Time Homebuyer Assistance, explained

Questions about this program

What is City of Marathon First-Time Homebuyer Assistance?

City of Marathon First-Time Homebuyer Assistance is a forgivable loan for homebuyers in Marathon, Florida. City of Marathon provides up to $20,000 in forgivable 0% interest loan assistance for first-time homebuyers within city limits. Forgiven after 30-year compliance period. Funding comes from State.

How much assistance does it provide?

City of Marathon First-Time Homebuyer Assistance offers up to $20,000 in assistance. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

City of Marathon First-Time Homebuyer Assistance is forgiven after 30 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, Refinance, and No longer primary within 30 years. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Marathon First-Time Homebuyer Assistance is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required.

What are the income limits?

City of Marathon First-Time Homebuyer Assistance limits household income to 120% of the area median income, which varies by county and household size. Income up to 120% AMI for Monroe County. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of Marathon First-Time Homebuyer Assistance can be used for Single Family, Condo, and Townhouse.

Where does it apply?

City of Marathon First-Time Homebuyer Assistance serves homebuyers purchasing in Marathon, Florida.

How do you apply?

Applications for City of Marathon First-Time Homebuyer Assistance go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Marathon homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 90 programs for Marathon

Program terms are set by the administering agency and can change; confirm on the official site before you apply.