Housing Down Payment Assistance Program (FL)
City of St. Petersburg · City of St. Petersburg, Florida
At a glance: 20% of the sales price plus $5,000 for closing costs, up to $75,000, forgivable loan (forgiven if you meet the terms). First-time buyer: Required. Checked against the official page on Nov 3, 2026.
| Assistance type | Forgivable loan — Forgiven if you meet the terms |
|---|---|
| Amount | 20% of the sales price plus $5,000 for closing costs, up to $75,000 |
| Income limit | Up to 140% of area median income (funding above 80% is limited) |
| Purchase price limit | $544,233 |
| First-time buyer rule | Required |
| Status | Offered |
| Status note | The city says SHIP-funded applications are closed due to limited funding; the CRA-funded program is open. |
| Details | 0% interest second mortgage. At or below 80% of area median income it is fully forgiven after 10 years of occupancy; rules for higher incomes depend on whether the home is inside the South St. Petersburg Community Redevelopment Area. Buyer contributes 1% of the price; your lender applies for you. |
| Official source | https://www.stpete.org/residents/grants___loans/purchase_assistance_program.php (opens in new tab) |
| Last checked | Nov 3, 2026 (automated fetch) |
Go to the official program page ↗ Report a correction
Other Florida programs
- Pinellas County Down Payment Assistance — Up to $75,000
- Hillsborough First DPA — Up to $15,000
- Homebuyer Down Payment Assistance Program — Up to $35,000
- Down Payment Assistance Program — Up to $70,000 (very low income), $40,000 (low income) or $10,000 (moderate income)
- Headstart to Homeownership (H2H) — Up to $25,000
- Dare to Own the Dream — Up to $50,000, based on income
- Florida Assist (FL Assist) — Up to $10,000
- Florida Homeownership Loan Program (FL HLP) Second Mortgage — $12,500
- Florida Hometown Heroes — 5% of the first mortgage, minimum $10,000, maximum $35,000
← All Florida programs · Check eligibility · Compare with other programs
Common questions
How much is Housing Down Payment Assistance Program?
20% of the sales price plus $5,000 for closing costs, up to $75,000 (per the official page, checked Nov 3, 2026).
Is Housing Down Payment Assistance Program a grant or a loan?
Forgivable loan: forgiven if you meet the terms.
Do I have to be a first-time homebuyer for Housing Down Payment Assistance Program?
Required.
What is the income limit for Housing Down Payment Assistance Program?
Up to 140% of area median income (funding above 80% is limited).
How does Housing Down Payment Assistance Program work?
0% interest second mortgage. At or below 80% of area median income it is fully forgiven after 10 years of occupancy; rules for higher incomes depend on whether the home is inside the South St. Petersburg Community Redevelopment Area. Buyer contributes 1% of the price; your lender applies for you.
Is Housing Down Payment Assistance Program still available in 2026?
The official page listed it as offered when we last checked on Nov 3, 2026. Funding can change, so confirm with the administrator.
Who runs Housing Down Payment Assistance Program?
City of St. Petersburg, City of St. Petersburg, Florida. Apply through the program or one of its participating lenders.
Free down payment aid updates
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