City of Pensacola Housing Incentive Program – American Rescue Plan Act (COPHIP-ARPA)

Special Alert

Maximum Purchase Price


Contact Info: 420 W. Chase Street, Pensacola, FL 32502 850-858350


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes, for 5 years

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?

5-year primary residence commitment, deferred loan – reduces 20% per year, provided there is no default.


Pensacola Program is available with the City of Pensacola.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 80% AMI guidelines Can only assist buyer(s) at or below 80% AMI.

Maximum Assistance

$30,000 The City of Pensacola is offering up to $30,000 in down payment and closing cost assistance.

Education Requirements Info:

All homebuyer programs require completion of a pre-purchase homebuyer education class by a HUD certified counseling agency prior to closing on your home. Please plan ahead in scheduling your class with the counseling agency as classes fill up quickly. Contact one of the following agencies listed on program page for more information and class schedules:

Eligible Property Types:

Single Family Detached Condo Co-Op Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $43,300$49,500$55,700$61,850$66,800$71,750$76,700$81,650 *Income limits as of 05/18/2023

Qualifying Ratios:

Determined by first mortgage product or lender.