City of Delray Beach First-Time Homeownership Program

Special Alert

Maximum Purchase Price


Contact Info: 100 NW First Ave, Delray Beach, FL 33444


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?


Accepted First Mortgage Type:

Freddie Mac, Freddie Mac HFA Advantage, Freddie Mac Home Possible, Fannie Mae, Fannie Mae HFA Preferred, Fannie Mae HomeReady, FHA 203(b), VA, USDA / RD

Homeowners Education Class:


Is Forgivable?

Subsidies are provided in the form of a second mortgage for a period of 15 years for loan amounts less than $35,000 and 30 years for loan amounts of $35,000 or more


Delray Beach Property must be within the city limits of Delray Beach, FL.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 140% AMI guidelines Income limits coincide with the Florida Housing Finance Corporations limits. (they change every year in April) Cannot exceed 140% AMI.

Maximum Assistance

$75,000 Deferred gap financing and closing costs assistance through 0% interest deferred loans held as second mortgages up to $75,000

Education Requirements Info:

Eligible Property Types:

Single Family Detached Condo Co-Op Townhome/PUD

Income By Household Size:

Must contribute minimum 2% of the purchase price towards purchase

Qualifying Ratios:

Housing Ratio: Up To 40% Total DTI: β€” Housing expenses (PITI) cannot exceed 40% of gross monthly income unless approved by primary

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