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.

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.

Florida HFA Preferred Grant (TBA) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Veterans and buyers in targeted areas may be exempt from FTHB requirement. The program lists a minimum credit score of 640. A homebuyer education course is required. Citizenship or immigration status: U.S. Citizen or Permanent Resident.

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.

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.

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

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. 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.