Florida HFA Preferred Grant (TBA)

What is Florida HFA Preferred Grant (TBA)?

Florida HFA Preferred Grant (TBA) is a grant for homebuyers in Florida.

• 3% or 4% grant (no repayment) paired with Fannie Mae HFA Preferred conventional first mortgage. Forgiven immediately — no second mortgage lien. Available statewide.
• Funding comes from State.

How much assistance does it provide?

Florida HFA Preferred Grant (TBA) provides assistance worth 3% of the purchase price, as set by the program.

• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Florida HFA Preferred Grant (TBA) is structured as a grant, so it is not repaid.

• The assistance is recorded in None (Grant) position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Florida HFA Preferred Grant (TBA) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Florida HFA Preferred Grant (TBA) limits household income to 115% of the area median income, which varies by county and household size.

• Income limits vary by county and household size. Generally up to 80%-120% AMI. Check floridahousing.org.
• 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?

Florida HFA Preferred Grant (TBA) caps the purchase price as follows: Purchase price limits vary by county; set by Florida Housing Finance Corporation.

• Eligible property types include Single Family, Condo, Townhouse, and 2-4 Unit.

Where does it apply?

Florida HFA Preferred Grant (TBA) serves buyers purchasing anywhere in Florida.

How do you apply?

Applications for Florida HFA Preferred Grant (TBA) 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.