Down Payment Assistance Conventional Loan

Florida grants and second mortgages that cover your down payment and closing costs.

Hometown Heroes

Up to $35,000

Structure

0% deferred 2nd

Pairs With

FHA · Conventional

Income Limits

Apply

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5 minutes · No cost · Soft credit pull only

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NMLS# 1859012 · Equal Housing Lender

Down Payment Assistance · Conventional

Down Payment Assistance Conventional Loan in Florida

On a conventional loan, down payment assistance avoids FHA's upfront premium and uses PMI that cancels at 20% equity instead of lasting the loan's life. For a buyer with a 680+ score, the conventional route is often cheaper per month — we run it against FHA so you see the real difference.

Down payment assistance covers part or all of your down payment and closing costs through a grant or a low- or no-interest second mortgage. Florida runs several, led by Hometown Heroes, and they pair with FHA and conventional first mortgages.

Florida Hometown Heroes offers up to $35,000 as a 0% deferred second that you repay only when you sell or refinance. County SHIP programs add local grants, and the Florida Assist and bond programs help statewide. Most have income limits and require a short homebuyer course.

The assistance and your first mortgage are underwritten together, so lining them up early changes what you can afford. We confirm which programs you qualify for and stack them to bring your cash to close as low as possible.

Down Payment Assistance at a Glance

✓Hometown Heroes: up to $35,000, 0% deferred until you sell.

✓County SHIP grants add local help on top.

✓Pairs with FHA and conventional first mortgages.

✓Income limits and a short homebuyer course usually apply.

Read the full down payment assistance guide, or compare other loan types: FHA · First-Time Buyers · Florida.

Down Payment Assistance Snapshot

Up to $35,000Hometown Heroes

0% deferred 2ndStructure

FHA · ConventionalPairs With

ApplyIncome Limits

How It Works

Apply Online

5 min · soft credit pull only

Match Program

We shop lenders + assistance

Processing

Our team handles paperwork

Typically 14–21 days

FAQ

Down Payment Assistance Conventional Loan Questions

Is down payment assistance better on a conventional loan?

For stronger credit, often yes. Conventional skips FHA's upfront mortgage insurance and its PMI eventually cancels, so the long-run cost can be lower. We compare down payment assistance on conventional versus FHA for your exact numbers.

How much down payment assistance can I get in Florida?

Florida Hometown Heroes provides up to $35,000 toward your down payment and closing costs as a 0% deferred second mortgage. County SHIP programs can add more. The total depends on your county, income, and the price of the home. We calculate your eligible amount.

Do I have to repay down payment assistance?

It depends on the program. Hometown Heroes is a 0% deferred second mortgage — no monthly payment, repaid only when you sell or refinance. Some SHIP grants are forgiven over time. We explain the repayment terms for each program you qualify for.

Keep Going

Down Payment Assistance Guide Down Payment Assistance · FHA Down Payment Assistance · First-Time Buyers Down Payment Assistance · Florida All Down Payment Options Apply for Pre-Approval

Down Payment Assistance Conventional Loan?

A licensed Florida mortgage broker who shops the loan and the assistance for you — 5-minute pre-approval, honest numbers.

(561) 300-0380

Figures are illustrative only and based on a sample purchase price. APR, payments, and assistance amounts vary by credit score, loan amount, income, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.