Housing Down Payment Assistance Program

Down Payment Assistance Program
Saint Petersburg, Clearwater, Largo, Pinellas County, All Florida

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(727) 642-1166

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NEW PROGRAM!

RENT-TO-OWN

allows you to move into your future home now while you spend 1–3 years getting your financial "house" in order.

Rent-to-own programs can be an excellent "bridge" for people who are currently excluded from the traditional mortgage market but have the income to support a home.

LEARN MORE

Poor Credit OK (even below 580 score)
Bank Statement deposits as Income OK
Zelle deposits as income OK
No enough tradelines OK
BK, Foreclosure OK
6% Seller Concessions to pay closings cost OK
Gift money OK (parents or sibblings) OK
Buyers Agents get your full commission !!!

Unlock Your Dream Home with a Down Payment Assistance

Down Payment Assistance Calculator

Household Income (Yearly)

People in House

Monthly Debt (Cards, Car, Loans)

Monthly HOA

LIMIT REACHED

Max Purchase Price

Total Loan Amount

Monthly Budget (43% DTI)

Principal & Interest

Monthly Taxes (1%)

Monthly Insurance (1%)

Monthly PMI (0.55%)

Monthly HOA Fees

Down Payment

MAX PRICE: $544,233

APPLY ONLINE

PULL YOUR CREDIT REPORT

Pinellas County

SHIP Program

Located in unincorporated Pinellas

Income Limits

$75,000 Assistance Up To

Max Purchase Price $544,233

Credit Score 640+

Closing Time 60 days

$1,000

Borrower Min. Contribution

All Florida

FHA 100% + 6% Sellers Concessions

Anywhere in Florida

No Income Limits

3.5% Assistance

Max Purchase Price $541,287

Credit Score 640+

Closing Time 30 days

$5,000

Borrower Min. Contribution

City of St Petersburg

Only For This City

City of Saint Petersburg

Income Limits

$75,000 Assistance Up To

Max Purchase Price $544,233

Credit Score 640+

Closing Time 60 days

Borrower Min. Contribution

City of Clearwater

Only For This City

City of Clearwater

Income Limits

$75,000 Assistance Up To

Max Purchase Price $544,233

Credit Score 640+

Closing Time 60 days

Borrower Min. Contribution

City of Largo

Only For This City

City of Largo

Income Limits

$75,000 Assistance Up To

Max Purchase Price $544,233

Credit Score 640+

Closing Time 60 days

$1,000

Borrower Min. Contribution

ALL Florida

** The best interest rate **

Anywhere in Florida

No Income Limits

Not Required

Max Purchase Price $524,225

Credit Score 620+

Closing Time 25 days

3.5%

Borrower Min. Contribution

20+
Year of

experience

Who we are?

Your Trusted Partner in Home Financing & Down Payment Assistance!

Are you dreaming of owning a home in Saint Petersburg, Florida, but need help with upfront costs?

Generation Mortgage Associates, a trusted mortgage company specializing in Down Payment Assistance, is here to guide you through accessing the City of Saint Petersburg's Down Payment Assistance Program.

This program provides financial support to make homeownership more attainable for qualifying buyers by the City of St Petersburg.

As a mortgage company we will process your application for the Down Payment Assistance from the City of Saint Petersburg and provide an FHA or Conventional Loan (depending on your credit score).

NOTE: The program for Down Payment Assistance from the City of Saint Petersburg, do not work directly with the buyers. Therefore, Generation Mortgage Associates as qualified mortgage company process your application with the City.

Get Pre-qualify

what we offer ?

We specialize in down payment assistance programs and mortgage loans.

We streamline the mortgage process to make your homeownership dreams a reality. Our tailored solutions and expert support ensure a smooth journey, empowering you to achieve your goals with confidence.

how it works

Application Process

Consultation

Discuss your needs and financial goals with our experts. Call (727) 642-1166.

Application

Complete a simple application to start the financing process.

Closing

Finalize your mortgage and receive the keys to your new home!

Super Simple 3 Step Process

How is your credit?

The Down Payment Assistance (DPA) program does not have a specific credit score requirement. However, FHA or Conventional loans require a minimum mid-credit score of 620 for all applicants. We receive numerous applications daily, so it is essential for you to authorize and pull your own credit report. Use the link below to pay for and access your credit report.

Pull Your Credit Report

Apply

After pulling your credit report, click the button below to complete the application. This step is crucial for us to verify your employment and other necessary information.

Apply

Provide Documents

Provide your latest income documents: 30 days of pay stubs, 2 years of W-2s, or, if self-employed, 2 years of tax returns. This, along with your credit report, helps us determine your eligibility and loan amount for your home purchase.

Testimonials

— Kirenia Milan and Keyla Milan

Congratulations to Kirenia Milan and Keyla Milan for the purchase of their new home Saint Petersburg, FL 33714 - Thanks to the Down Payment Assistance Program they only paid $1000 deposit + $300 inspection (optional) + $485 appraisal + $39.48 at closing

— Jose A Loret de Mola and Danay Garcia

Congratulations to Jose A Loret de Mola and Danay Garcia for the purchase of their new home Saint Petersburg, FL 33713 - Thanks to the Down Payment Assistance Program they only paid $400 deposit + $485 appraisal + $14 at closing

Frequently Asked Questions

What documents do I need to apply for a mortgage?

30 days of pay stubs, latest 2 years of W-2s, or, if self-employed, 2 years of tax returns.
Latest 2 months of bank Statements.

How long does the mortgage approval process take?

The mortgage approval process can vary based on several factors, including the type of loan and your financial situation. Generally, it can take anywhere 30-45 days. We strive to make the process as quick and efficient as possible. NOTE: The City may take up to 60 days.

What is the difference between a fixed-rate and an adjustable-rate mortgage?

A fixed-rate mortgage has a constant interest rate throughout the loan term, while an adjustable-rate mortgage (ARM) has an interest rate that may change periodically based on market conditions.

How do I know how much I can borrow?

Your borrowing capacity depends on various factors, including your income, credit score, debt-to-income ratio, and the type of loan you are applying for. Our team can help you assess your financial situation to determine the right amount.

Does this website belong to any City or County Down Payment Assistance Program?

No, this website belongs to Generation Mortgage Associates, LLC. Some Cities like The City of Saint Petersburg does not work directly with buyers. At Generation Mortgage Associates, LLC, we are an experienced mortgage company specializing in providing FHA and Conventional Loans, paired with Down Payment Assistance Programs.

Thank you for choosing us. We are dedicated to helping you achieve your homeownership goals with personalized service and expert guidance. For more information or assistance, feel free to reach out to us anytime!