Orange County Homebuyer Down Payment Assistance

What is Orange County Homebuyer Down Payment Assistance?

Orange County Homebuyer Down Payment Assistance is a forgivable loan for homebuyers in Orange County, Florida.

• Orange County provides income-tiered DPA: up to $70,000 (Very Low ≤50% AMI), $40,000 (Low ≤80% AMI), $10,000 (Moderate ≤120% AMI). Forgivable 0% 10-year second mortgage. Max purchase price $345,000.
• Funding comes from Local.

Do you have to pay it back?

Orange County Homebuyer Down Payment Assistance is forgiven after 10 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, Refinance, and No longer primary within 10 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?

Orange County Homebuyer Down Payment Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Orange County Homebuyer Down Payment Assistance limits household income to 120% of the area median income, which varies by county and household size.

• Very Low ≤50% AMI: $70,000; Low ≤80% AMI: $40,000; Moderate ≤120% AMI: $10,000.
• 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?

Orange County Homebuyer Down Payment Assistance caps the purchase price at $345,000.

• Eligible property types include Single Family, Condo, and Townhouse.

Where does it apply?

Orange County Homebuyer Down Payment Assistance serves buyers purchasing in Orange County, Florida.

How do you apply?

Applications for Orange County Homebuyer Down Payment Assistance 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.