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City of St. Petersburg Down Payment Assistance Programs

1 local down payment assistance program for homebuyers in the City of St. Petersburg, checked against the official page.

City of St. Petersburg down payment assistance at a glance (2026)

ProgramAmountTypeFirst-time buyerIncome limitPrice limitStatus
Housing Down Payment Assistance Program20% of the sales price plus $5,000 for closing costs, up to $75,000Forgivable loanRequiredUp to 140% of area median income (funding above 80% is limited)$544,233Offered

Income and price limits often vary by household size. Look up your county's area median income and HUD income limits.

Local programs

Housing Down Payment Assistance Program

Forgivable loan

City of St. Petersburg

Amount
20% of the sales price plus $5,000 for closing costs, up to $75,000
First-time buyer
Required
Status
Offered
Income limit
Up to 140% of area median income (funding above 80% is limited)
Purchase price limit
$544,233
Status note
The city says SHIP-funded applications are closed due to limited funding; the CRA-funded program is open.

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.

Last checked Nov 3, 2026 · Official source (opens in new tab) ↗

Other local programs in Florida

Statewide help in Florida

You may also qualify for 3 statewide Florida programs. Local and state assistance can sometimes be layered; confirm with each administrator.

Check eligibility for Florida How to apply

Compare these programs · AMI / income limits · All Florida programs

HUD-approved homebuyer counselors in Florida (98)

Many down payment programs require a homebuyer class or counseling session. These agencies are approved by HUD and offer pre-purchase counseling or homebuyer education, usually free or low cost. From HUD's housing counselor list ↗, retrieved Nov 4, 2026.

Common questions

Does City of St. Petersburg offer down payment assistance?

Yes. We list 1 local program checked against official pages: Housing Down Payment Assistance Program from City of St. Petersburg (20% of the sales price plus $5,000 for closing costs, up to $75,000).

Do I have to be a first-time homebuyer for City of St. Petersburg assistance?

The official pages state: Housing Down Payment Assistance Program: Required.

What are the income limits for City of St. Petersburg down payment assistance?

Published on the official pages: Housing Down Payment Assistance Program: Up to 140% of area median income (funding above 80% is limited). Confirm current limits with the administrator.

What are the purchase price limits for City of St. Petersburg assistance?

Published on the official pages: Housing Down Payment Assistance Program: $544,233.

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.

What else should I know about the status of Housing Down Payment Assistance Program?

The city says SHIP-funded applications are closed due to limited funding; the CRA-funded program is open..

Can I combine City of St. Petersburg assistance with statewide Florida programs?

Sometimes. Florida also has 3 statewide programs listed here; whether they can be layered with local help depends on each program's rules, so ask both administrators.

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