First-Time Homebuyer Programs in Tampa Bay — 2026 Guide

First-time homebuyers in Tampa Bay have access to multiple assistance programs that can significantly reduce upfront costs. If you have not owned a primary residence in the past three years, you likely qualify for at least one — and possibly several — of these programs.

What Programs Are Available for First-Time Buyers in Tampa Bay?

The Florida Housing Finance Corporation administers the major statewide programs, while individual counties offer their own assistance. The most popular options include Florida Hometown Heroes (up to 5% of the loan amount as a forgivable second mortgage), FL Assist ($10,000 deferred-payment second mortgage), HFA Preferred PLUS (up to 5% for down payment and closing costs), and county-specific programs in Hillsborough, Pinellas, Pasco, Polk, and other Tampa Bay counties.

What Counts as a First-Time Buyer in Florida?

According to Florida Housing, a first-time homebuyer is someone who has not had an ownership interest in a primary residence during the past three years. This means former homeowners who have been renting qualify again after three years. Veterans and buyers purchasing in federally designated target areas may be exempt from the first-time buyer requirement on certain programs.

What Are the Income Limits?

Income limits vary by program and county. Florida Hometown Heroes caps household income at the county area median income (AMI). FL Assist and HFA Preferred PLUS have their own thresholds, which are published annually by Florida Housing. In 2026, many Tampa Bay families earning up to $100,000+ per household still qualify depending on their county.

Do You Need Perfect Credit?

No. Most Florida DPA programs require a minimum credit score of 640, and some accept scores as low as 620. FHA loans, which are commonly used with DPA, are available with credit scores starting at 580 with a higher down payment.

How to Get Started as a First-Time Buyer

The process starts with connecting to a DPA-approved lender. Barrett Henry, REALTOR® with REMAX Collective, can match you with participating lenders and explain which programs fit your financial situation — all at no cost. With 23+ years of real estate experience, Barrett has guided hundreds of buyers through the Tampa Bay market.

Contact Barrett at (813) 733-7907 to find out which programs you qualify for.