The City of Orlando’s Down Payment Assistance
Program is available to eligible very low, low and moderate income
first time homebuyers for the purchase of a new or existing unit. The
property must be located within the City limits of Orlando (see
Address
Locator). Depending on the gross household income, assistance may be
$10,000, $20,000 or $30,000.
Teachers and public safety personnel, who are
moderate income, may qualify for $20,000 of assistance. City of
Orlando employees, teachers, and public safety personnel who are
purchasing homes within the city limits of Orlando do not have to be
first time homebuyers. Purchasers must occupy the property as a
principal residence for at least ten (10) years. The downpayment
assistance becomes a grant once the period of affordability has been
satisfied.
Attention All Lenders and
Potential Buyers
The City of
Orlando is temporarily out of funds for its Down Payment Assistance
Program. Monies will not be available until after October 1, 2007
for Very Low and Low Income Households. Only Moderate Income
households who fall within one of the targeted groups may receive
assistance during Fiscal Year 2007-2008 on a first come, first serve
basis. Target groups are:
- Teachers
- Public safety
personnel
- Future
Parramore residents
- City of
Orlando employees
Effective immediately and until further
notice, the City of Orlando will require a four week turn around
(instead of 14 days) before a check is issued for down payment
assistance. We apologize for any inconvenience.
