Comparing down payment assitance programs Florida vs Utah

Buying a home can feel like a dream out of reach, especially with the hefty down payment hurdle. But fear not, aspiring Floridian and Utahn homebuyers! Both states offer down payment assistance programs to bridge the gap and make your dream a reality. Let’s dive into the key differences:


  • Florida:
    • Sunshine State Advantage Grant: Open to first-time homebuyers with income limits ranging from 80% to 120% of the area median income (AMI).
    • FL Homeownership Loan Program Second Mortgage: Available to all eligible borrowers, not just first-timers, with income limits up to 140% of AMI.
  • Utah:
    • FirstHome: Exclusive to first-time homebuyers with income limits up to 140% of AMI.
    • HomeAgain and Score: Open to all eligible borrowers, including repeat buyers and those refinancing, with income limits up to 120% of AMI.


  • Florida:
    • Sunshine State Advantage Grant: Up to $10,000 grant for down payment or closing costs, no repayment required!
    • FL Homeownership Loan Program Second Mortgage: Borrow up to $10,000 at a low 3% interest rate, payable over 15 years.
  • Utah:
    • FirstHome: Borrow the entire minimum down payment plus closing costs (up to $15,000) as a second mortgage with a low 2% interest rate above your primary mortgage.
    • HomeAgain and Score: Borrow up to $15,000 for down payment or closing costs, with interest rates varying based on program and credit score.

Application Process:

  • Florida:
    • Apply through a Florida Housing Finance Corporation (FHFC)-approved lender or housing agency.
    • Complete homebuyer education course.
    • Gather income verification and tax documents.
  • Utah:
    • Contact a Utah Housing Corporation (UHC)-approved lender or real estate agent.
    • Homebuyer education may be required depending on program.
    • Submit an application online or through a participating lender.

Funding and Availability:

  • Florida:
    • Funding levels fluctuate, and some programs have waiting lists.
    • Best to act quickly and contact an FHFC-approved professional.
  • Utah:
    • Funding allocated on a first-come, first-served basis, so early application is key.
    • Some programs may have limited availability, especially for first-time buyers.

Impact on Closing Costs:

Both Florida and Utah programs can significantly reduce your closing costs, covering fees like:

  • Loan origination
  • Title insurance
  • Property taxes
  • Inspection fees

Real-Life Examples:

  • Florida: Sarah, a first-time homebuyer in Orlando, uses the Sunshine State Advantage Grant to receive $10,000 towards her down payment, putting her closer to her dream beach condo.
  • Utah: David, a young professional in Salt Lake City, benefits from the FirstHome program, borrowing $12,000 for his down payment and closing costs, allowing him to purchase his first cozy cabin.


  • These are highlights, and specific program details can vary.
  • Always consult a qualified housing professional to discuss your individual situation and program eligibility.

Now, armed with this knowledge, you can confidently navigate your Sunshine State or Mountain Oasis down payment journey. Good luck!


Q: What is the difference between down payment assistance programs in Florida and Utah?
A: The main difference between down payment assistance programs in Florida and Utah lies in the eligibility criteria, funding options, and specific requirements imposed by each state.

Q: Can I use down payment assistance programs in Florida or Utah to buy a house?
A: Yes, both Florida and Utah offer down payment assistance programs designed to help eligible individuals and families purchase a home.

Q: How do I qualify for down payment assistance programs in Florida and Utah?
A: Each state has its own set of eligibility requirements for their down payment assistance programs, which may include factors such as income limits, credit scores, household size, and the property purchase price.

Q: Are down payment assistance programs in Florida and Utah only for first-time homebuyers?
A: While some down payment assistance programs in both states are exclusive to first-time homebuyers, there are also programs available for repeat buyers. It is important to review the specific requirements of each program to determine your eligibility.

Q: What types of down payment assistance exist in Florida and Utah?
A: Both Florida and Utah offer a range of down payment assistance options, including grants, forgivable loans, deferred payment loans, and second mortgages. The availability and terms of these options may vary depending on the specific program and state regulations.

Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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