Down Payment Assistance in Land O'Lakes — Programs for 2026 Buyers

Land O'Lakes is one of the fastest-growing communities in Pasco County, and buyers here have access to both state and county-level down payment assistance programs. Whether you are looking at new construction in Connerton or an established home near SR 54, DPA can make homeownership significantly more affordable.

What DPA Programs Are Available in Land O'Lakes?

Land O'Lakes falls within Pasco County, giving buyers access to Pasco County SHIP (State Housing Initiatives Partnership) funds, Florida Hometown Heroes (up to 5% of the first mortgage as a forgivable loan), FL Assist ($10,000 deferred-payment second mortgage), and HFA Preferred PLUS (up to 5% toward down payment and closing costs).

Pasco County's SHIP program provides purchase assistance to income-eligible buyers. Funding is allocated annually and distributed on a first-come, first-served basis, so timing matters.

What Are the Income Limits for Land O'Lakes?

Income limits are based on the Tampa-St. Petersburg-Clearwater metropolitan statistical area (MSA) and vary by household size. According to Florida Housing, Hometown Heroes limits in Pasco County allow families earning moderate incomes to qualify. A household of four can typically earn up to the area median income and still be eligible. Pasco County SHIP limits may be slightly different — contact Pasco County Community Development for the latest figures.

Why Land O'Lakes Is a Strong DPA Market

Land O'Lakes offers newer homes at price points that often fall well within DPA purchase price limits. Communities like Epperson, Bexley, and Connerton feature homes in the $300,000 to $450,000 range. With Hometown Heroes covering up to 5%, a buyer purchasing a $375,000 home could receive up to $18,750 in assistance.

The area also offers strong schools, proximity to Tampa via the Suncoast Parkway, and growing retail and dining options — making it attractive for families using DPA to buy their first home.

Can You Use DPA on New Construction in Land O'Lakes?

Yes. Florida DPA programs work with new construction as long as the builder or seller agrees to the process and the home meets program requirements. Many Land O'Lakes builders are familiar with DPA transactions. The key requirement is that you must use a participating lender approved by the DPA program — the builder's preferred lender may or may not be on the approved list.

How to Apply for DPA in Land O'Lakes

Start by connecting with a DPA-approved lender who can evaluate your eligibility across all available programs. Barrett Henry, REALTOR® with REMAX Collective, can match you with participating lenders and guide your Land O'Lakes home search. With 23+ years of real estate experience, Barrett knows the Pasco County market and which programs deliver the most value.

Call Barrett at (813) 733-7907 to start your DPA application today.