FL Housing is pleased to announce a change to our Homebuyer Loan Program (HLP) second mortgage option.

Currently, the HLP offers a 15-year, $10,000 second that carries a rate of 3%.

Effective Monday, July 21, 2025, the HLP will increase to $12,500 and will offer a 30-year term. It will still offer rate of 3% while offering more subsidy to assist your borrowers with down payment and closing cost assistance. The monthly payment will decrease from the current $69.06 per month to $52.70 a month.

The repayment terms remain the same:

Repayable, in full, in the event borrower refinances, sells the property, transfers deed, pays off the first or no longer occupies the property as their primary.

Charles White

Homebuyer Loan Program Director

Charles.white@floridahousing.org

Sandy Smith

Homebuyer Loan Program Administrator

Sandy.smith@floridahousing.org

Homeownership Loan Program Team 

dpa@floridahousing.org