East Tampa CRA Down Payment Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:

https://www.tampa.gov/housing-and-community-development/programs/mortgage-assistance 306 East Jackson Street, Tampa, FL 33602 813-274-8211


Property purchase must be within the East Tampa CRA boundry: https://www.tampa.gov/document/east-tampa-cra-boundary-map-33261 Buyer must be a first-time home buyer. Buyer MUST NOT be under contract before receiving a reservation number. A full independent home inspection by the buyer & a Pass HQS Inspection by the City of Tampa are required before closing.

Credit Score Requirements

Minimum Credit Score: 600 Mid-Credit Score of 600 is required.

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

Homeowners Education Class:


Is Forgivable?

Fully Forgivable after 7 yrs., assuming still owner-occupied and completion of post-purchase education.


East Tampa Property must be with the East Tampa boundry map: https://www.tampa.gov/document/east-tampa-cra-boundary-map-33261

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2023 140% AMI guidelines Income calculated based on HOUSEHOLD income, not just the loan applicant. Household income must be at or below 140% Area Median Income (AMI).

Maximum Assistance

$50,000 Assistance varies and is based by income categories: 0-30% AMI = $50,000; 30.01-50% AMI = $40,000; 50.01-80% AMI = $30,000; 80.01-140% AMI = $15,000.

Education Requirements Info:

Potential buyer must begin process with one of the three approved Housing Counseling agencies and MUST NOT be under contract before receiving a reservation number. The Counseling agency will provide education, complete application with client and collect documentation: Housing & Education Alliance 9215 N. Florida Ave., Ste. 104 Tampa, FL 33612 (813) 932-HOME (4663) Real Estate Education and Community Housing, Inc. (R.E.A.C.H) 4006 S. MacDill Ave.Tampa, FL 33611 (813) 397-6208 Solita’s House, Inc. 3101 E. 7th Ave. Tampa, FL 33605 (813) 425-4847

Eligible Property Types:

Single Family Detached

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $85,260$97,440$109,620$121,660$131,460$141,260$150,920$160,720 *Income limits as of 06/05/2023

Qualifying Ratios:

Housing Ratio: Up To 36% Total DTI: Up To 43% Debt ratios of 36%/43%.
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