City of Tallahassee First-Time Homebuyer Program (TLC)

What is City of Tallahassee First-Time Homebuyer Program (TLC)?

City of Tallahassee First-Time Homebuyer Program (TLC) is a forgivable loan for homebuyers in Tallahassee, Florida.

• City of Tallahassee (TLC) provides deferred 0% loan up to 20% of purchase price, forgiven after 15 years of owner-occupancy. Income at or below 80% AMI. Separate from Leon County program.
• Funding comes from Local.

How much assistance does it provide?

City of Tallahassee First-Time Homebuyer Program (TLC) provides assistance worth 20% of the purchase price, as set by the program.

• 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 Tallahassee First-Time Homebuyer Program (TLC) is forgiven after 15 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, Refinance, and No longer primary within 15 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 Tallahassee First-Time Homebuyer Program (TLC) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

City of Tallahassee First-Time Homebuyer Program (TLC) limits household income to 80% of the area median income, which varies by county and household size.

• Income at or below 80% AMI for Leon 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 Tallahassee First-Time Homebuyer Program (TLC) can be used for Single Family, Condo, and Townhouse.

Where does it apply?

City of Tallahassee First-Time Homebuyer Program (TLC) serves buyers purchasing in Tallahassee, Florida.

How do you apply?

Applications for City of Tallahassee First-Time Homebuyer Program (TLC) go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

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

3. 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 buyer can take it to a lender or housing counselor.