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Pinellas County HFA Home Key Plus Second Mortgage

Pinellas County, Florida

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See what you qualify forOfficial program site →
Assistance

$10,000

The maximum the program publishes — not an offer

Income limit

115% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is Pinellas County HFA Home Key Plus Second Mortgage?

Pinellas County HFA Home Key Plus Second Mortgage is a deferred second loan for homebuyers in Pinellas County, Florida.

  • Pinellas County HFA provides up to $7,500 in deferred 0% second mortgage paired with HFA first mortgage. Requires minimum $1,000 buyer contribution.
  • Funding comes from State.

How much assistance does it provide?

Pinellas County HFA Home Key Plus Second Mortgage offers up to $10,000 in assistance.

  • The program asks buyers to contribute $1,000.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Pinellas County HFA Home Key Plus Second Mortgage is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by Sale, Refinance, and Transfer of Title.
  • 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?

Pinellas County HFA Home Key Plus Second Mortgage is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A minimum 660 credit score
  • A completed homebuyer education course

The program excludes

  • Households above 115% of area median income

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

What are the income limits?

Pinellas County HFA Home Key Plus Second Mortgage limits household income to 115% of the area median income, which varies by county and household size.

  • Income limits vary by household size. Generally up to 80%-120% AMI.
  • 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?

Pinellas County HFA Home Key Plus Second Mortgage can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Pinellas County HFA Home Key Plus Second Mortgage serves buyers purchasing in Pinellas County, Florida.

How do you apply?

Applications for Pinellas County HFA Home Key Plus Second Mortgage go through the administering agency, which publishes the current terms and the application steps on its own site.

  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 buyer can take it to a lender or housing counselor.

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