Program Details: 

This program can provide down payment and closing cost assistance for frontline workers who are considered first-time homebuyers which is defined as someone who hasn't owned a home in the past three years (Veterans are exempt from this requirement).

Frontline workers may receive lower than market rates including: 
• FHA, VA, USDA 
• Conventional 
• Reduced upfront fees 
• No origination points or discount points 
• Down payment and closing cost assistance 

You can use our down payment assistance with any of our first mortgage loans: VA, FHA, USDA, or Conventional. Borrowers can receive 5% of the loan amount in down payment assistance (maximum limit of $35k). 

Eligibility Requirements: 
Eligible occupations – click here 

Primary Residence – The property you purchase must be your new primary residence.
• You have not owned a home in the past three years as your primary residence.
• As a veteran, you are exempt from this requirement! (Active duty is not exempt).
• You can own a mobile home, but it must be on a rented lot or land and still qualify as a first-time homebuyer. 

Limits-income/loan amount - You must not exceed the income and loan amount for the county you plan on buying in (connect with a Watson Mortgage Loan Originator for more information).

Credit Qualifications: 
• You must meet the credit requirements for the loan type you have chosen (VA, FHA, USDA, and Conventional) 
• Home Buyer Education is required. Your loan originator will assist you on how to complete this requirement. 

Connect with a Watson Mortgage Loan Originator to learn more! 

For additional information please visit Florida Housing Down Payment Assistance Programs.