The Florida Assistance Loan Program –
is a down-payment assistance program that is provided in the form of a 0% percent interest second mortgage. There are no monthly payments made but the loan will become due when the first mortgage is satisfied or the borrowers no longer occupy the home as their primary residence.
The HFA Preferred PLUS Grant –
is a down-payment assistance program that provides qualified borrowers with a percentage of the purchase price of their home in the form of a non-repayable grant and is only available with a HFA Preferred PLUS Loan.