Grants and low interest rate loans are available for down payments in Florida. For new home construction and rehab homes, some programs allow a person to use work (sweat equity) as a down payment. Contact: Affordable Housing Concepts, Inc. 809 E. Bloomingdale Ave, Wuite 395, Brandon, FL 33511
This program is called the Energy Efficient Mortgages Program and can be used to make energy-efficient improvements in one to four existing and new homes. The improvements can be included in a borrower’s mortgage only if their total cost is less than the total dollar value of the energy that will be saved during their useful life. The cost of the improvements that may be eligible for financing as part of the mortgage is either 5 percent of the property’s value (not to exceed $8,000) or $4,000–whichever is greater. The maximum mortgage limit for a single-family home is $160,950, plus the cost of the eligible energy-efficient improvements.