Osceola County, Florida

How Do I Qualify for Downpayment Assistance for First Time Home Buyers in Osceola County, FL?

As of 2018, to qualify for Osceola County, Florida’s Downpayment Assistance Program for First Time Home Buyers, you must meet all of the following criteria:

  • You must complete a 12-hour Homebuyer Education Class offered by Osceola County Extension Services, call (321) 697-3000 for dates and times
  • You must have a minimum credit score of 640
  • You must obtain a pre-approval letter from a participating Osceola County lender
  • You must be a legal resident of the United States
  • You must provide $1,000 of the purchase price
  • Your income cannot exceed Osceola County program limits
  • You cannot have owned a home in last 3 years
  • You cannot have lost a home via bankruptcy or foreclosure within the last 3 years

What Properties are Eligible for Osceola County, FL Downpayment Assistance?

  • The maximum sale price, regardless of the property type, cannot exceed $200,000
  • Single family homes are eligible
  • Townhomes are eligible
  • Condominiums are eligible
  • Mobile homes are not eligible for downpayment assistance
  • The property cannot feature an in-ground pool
  • The property must be located in Osceola County, but not within the City of Kissimmee (tax districts 200, 202 or 205)

What Conditions are Placed on Downpayment Assistance in Osceola County, FL?

  • Assistance cannot exceed $30,000
  • Home buyers must attend post-purchase home buyer counseling within 6 months of the home purchase
  • Assistance may be applied to downpayment and closing costs

What are the Income Guidelines for Downpayment Assistance in Osceola County FL?

Household SizeVery Low
50% of Median Income
Max. Assistance $30,000		Low
80% of Median Income
Max. Assistance $20,000		Moderate
120% of Median Income
Max. Assistance $10,000
1$20,450$32,700$49,080
2$23,400$37,400$56,160
3$26,300$42,050$63,120
4$29,200$46,700$70,080
5$31,550$50,450$75,720
6$33,900$54,200$81,360
7$36,250$57,950$87,000
8$38,550$61,650$92,520

Get a no-obligation rate quote today.

Get a quote

Hi, I'm Shahram Sondi, your local mortgage expert.

I care about my clients. I believe good service is a must, but nothing is more important than saving my clients money.
  • FREE.
  • Fast.
  • No SSI Needed.
Shahram Sondi | NMLS 186790 CERTIFIED MORTGAGE ADVISOR™
Pre-Approval App
All rights reserved © 2023 Mortgage Expert, Inc. NMLS ID: 2412313 Location: 142 W Lakeview Ave, Suite 2050, Lake Mary, FL 32746 | Phone: (407) 955-9235 Content provided by Shahram Sondi The information provided on this site is for basic informational purposes only and IS NOT intended as a substitute for professional or legal advice. Notice: SHAHRAM SONDI + CO (License #: CQ1049127) and Mortgage Expert (NMLS ID: 2412313) are both wholly-owned entities of Shahram Sondi (NMLS ID: 186790, License #: BK3225742). Due to this relationship, any referral between these two entities has the potential to financially benefit Shahram Sondi. Under no circumstance are you required to engage the services of one or both of these entities. View $1000 Best Rate Guarantee Terms & Conditions
Get a quote