Florida · Forgivable loan

Florida 3-4-5% Forgivable Loan

$10,000

Borrow 3-5% of your loan amount. Forgiven completely after 5 years.

Florida Housing's forgivable DPA provides assistance that is completely forgiven over time if you maintain owner-occupancy. Unlike Florida Assist (which is repaid at sale), this program rewards long-term residents by eliminating the debt entirely. The program pairs with Florida Housing's first mortgage rates and works with FHA, VA, and conventional loans.

Amount$10,000
TypeForgivable loan
Available inFlorida
First-time buyer requiredYes
Minimum credit score640
Multi-unit eligibleYes — 1-4 units

House-hack eligible

Best forgivable option. On $200K = $10K forgiven if you stay 5 years.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down
Federal · Subsidized loan
VA Loan $0 down + no monthly mortgage insurance
Federal · Federal benefit
NACA Program $0 down + $0 closing + $0 PMI + below-market rate
National · Nonprofit program
Florida Hometown Heroes $35,000
Florida · Deferred 0% loan
Florida Assist $10,000
Florida · Deferred 0% loan
Florida HLP $10,000
Florida · Low-interest loan
All Florida programs →

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