Down payment assistance in Polk and Osceola, and where to apply

How the help works

It's almost always a small second mortgage that covers part of the down payment or closing costs. Depending on the program, it charges no interest, is repaid when you sell or refinance, or is forgiven after you live in the home for a set number of years. Read the terms before you sign.

Who usually qualifies

• First-time buyers. Many programs count anyone who hasn't owned their main home in the last three years.
• Households under the program's income limit, which depends on the county and household size.
• People who will live in the home. It can't be used for rentals or investments.
• A minimum credit score, set by the lender.

The steps

1. Take a homebuyer education class from a HUD-approved agency. Classes are offered in Spanish and English, in person and online.
2. Find a lender that participates in the state or county program. Not every bank does.
3. Get preapproved with the assistance included, so you know your real budget.
4. Make your offer with time for program approval. County programs can lengthen the closing.

Where to look

• Florida Housing Finance Corporation: statewide programs and the list of participating lenders.
• Polk County: its housing office runs the SHIP purchase assistance funds.
• Osceola County: also administers SHIP funds for buyers.
• Some cities have their own programs: Winter Haven and Lakeland each have one in 2026, and Kissimmee has had one. See Polk County, Lakeland and Winter Haven buyer help.

Amounts and availability change during the year, and funds sometimes run out. Always confirm with the program office before counting on the money.

If you'd like, I can connect you with lenders who use these programs and help you find homes that fit the rules.