Temple Terrace Down Payment Assistance — Programs and Eligibility 2026

Temple Terrace is a small city within Hillsborough County that offers a unique combination of charm, location, and affordability. Buyers here have access to the same DPA programs available throughout Hillsborough County — plus the city's compact market often means less competition for DPA-eligible homes.

What DPA Programs Are Available in Temple Terrace?

Because Temple Terrace is in Hillsborough County, buyers can access Hillsborough County Affordable Housing programs (SHIP and CDBG-funded assistance), 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 City of Tampa Housing and Community Development programs (for qualifying areas).

The Hillsborough County DPA programs are administered through the county's Affordable Housing Office and can sometimes be combined with state assistance for maximum benefit.

What Makes Temple Terrace Special for DPA Buyers?

Temple Terrace offers a distinctly residential feel with mature tree canopy, proximity to USF and Busch Gardens, and easy access to I-275 and I-75. Home prices in Temple Terrace are often more affordable than neighboring Tampa neighborhoods, with many properties in the $275,000 to $375,000 range.

For DPA buyers, this means the assistance covers a larger percentage of your purchase. A buyer using Hometown Heroes on a $300,000 Temple Terrace home could receive up to $15,000 — enough to cover the full FHA down payment and a significant portion of closing costs.

Who Qualifies for DPA in Temple Terrace?

Eligibility requirements are the same as Hillsborough County and state programs. You typically need to be a first-time homebuyer (no ownership in the past three years), meet household income limits for Hillsborough County, have a minimum credit score of 640 for most programs, use the home as your primary residence, and work with a participating DPA-approved lender.

Are There Specific Neighborhoods in Temple Terrace That Work Best for DPA?

Temple Terrace is a relatively small city, so most neighborhoods fall within DPA purchase price limits. Areas near the Hillsborough River tend to be pricier but may still qualify. The neighborhoods around Temple Terrace Golf and Country Club, the area near USF, and eastern Temple Terrace all offer strong options for DPA buyers.

How to Get Started in Temple Terrace

Barrett Henry, REALTOR® with REMAX Collective, can help you navigate Temple Terrace's DPA options and connect you with approved lenders. With 23+ years of real estate experience, Barrett knows the Hillsborough County market inside and out.

Call Barrett at (813) 733-7907 to explore your Temple Terrace DPA options.