If you are ready to buy a home but are concerned about the down payment, Pasco County has a program that may be able to help.
The Down Payment Assistance Program is offered through the county’s Community Development department.
Changes are being made to increase the possibility of home ownership for homebuyers who otherwise might be unable to purchase a home.
The program now will allow a buyer to qualify for a loan of up to $50,000. The previous maximum was $25,000.
The maximum sales price of a home also has increased up to $275,000, up from $200,000.
Residents of Pasco County can qualify for the program if they earn less than 120% of the area median income.
Community Development provides assistance to income-eligible buyers toward the purchase of a home in Pasco County if you have not owned a home in the last three years. Applicant households who make less than 120% of Area Median Income (AMI) for the Tampa Bay Area may apply for assistance. Funding for both programs is based on current availability for each income level.
All interested homebuyers will need to contact Suncoast Housing Connections to attend a Homebuyer Education Class. Homebuyers must work with a Community Development-approved lender.
Lenders must attend training in order to participate in the Down Payment Assistance Program. All interested lenders will need to email Mari Thieryung to sign up for lender training.
If you have any questions about the homebuyer programs available through the county, please call Pasco County Community Development at 727-834-3447, or visit MyPas.co/HomeBuyers.
To learn more about Pasco Community Development programs and services, visit MyPasco.net.
Published March 15, 2023
