Housing Down Payment Assistance Program
Down Payment Assistance Program in Saint Petersburg and Florida
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Unlock Your Dream Home with a Down Payment Assistance
20+
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.
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.
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.
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 the City of Saint Petersburg?
No, this website belongs to Generation Mortgage Associates, LLC. 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!
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