HOME MORTGAGES SECURITIES BASED LENDING CORPORATE & COMMERCIAL DEPOSIT ACCOUNTS MORE... ACCOUNT LOGIN Down Payment Assistance Programs Raymond James Bank offers a variety of key programs designed for first-time homebuyers across Florida. They are designed to provide eligible homebuyers a below-market interest rate when purchasing their first home. Home Loan Programs Comparison Please call to learn more about additional programs offered through Raymond James Bank. Florida Assist FHA and VA Programs Home Key Plus – Conventional, FHA and VA Programs Florida Housing HFA Conventional Programs Program Features $10,000 in down payment assistance at 0% interest rate and 0.18% annual percentage rate (APR) Repayment is deferred for 30 years, except in the event of the sale, transfer or satisfaction of the first mortgage $10,000 in down payment assistance at 0% interest rate and 0.18% APR Repayment is deferred for 30 years, except in the event of the sale, transfer or satisfaction of the first mortgage $7,500 in down payment assistance at 0% interest rate and 0.18% APR Repayment is deferred for 30 years, except in the event of the sale, transfer or satisfaction of the first mortgage Homebuyer Requirements Must be a first-time homebuyer or have not owned a home in the previous three years Minimum credit score of 640 Homebuyer education course required Must be a first-time homebuyer or have not owned a home in the previous three years Minimum credit score of 660 for FHA and VA loan types Minimum credit score of 640 for conventional loan type Homebuyer education course required Must be a first-time homebuyer or have not owned a home in the previous three years Minimum credit score of 640 for 5% down Minimum credit score of 680 for 3% down Homebuyer education course required Two months’ mortgage payment in reserve after closing is required Income Limits $73,800 for 1- and 2-occupant households $84,870 for 3-occupant or more households Borrower cannot receive any funds back at closing Conventional Programs $55,360 for all households FHA and VA Programs $73,800 for 1- and 2-occupant households $84,870 for 3-occupant or more households $84,870 for 1- and 2-occupant households $88,560 for 3-occupant or more households Property Requirements $311,980 maximum purchase price in Hillsborough, Pasco and Pinellas counties (purchase price limits vary in other Florida counties) Loans are issued by the Federal Housing Administration (FHA) or the U.S. Department of Veterans Affairs (VA), so properties must meet the standards outlined by those authorities. No rehab on the home is allowed Interest rates are set by the Florida Housing Finance Corporation $311,979 maximum purchase price in Pasco, Pinellas and Polk counties Conventional loans are issued by Freddie Mac (FHLMC). Other loans types are issued by the Federal Housing Administration (FHA) or the U.S. Department of Veterans Affairs (VA). Properties must meet the standards outlined by those authorities. No rehab on the home is allowed Interest rates are set by the Florida Finance Authority of Pinellas County $381,308 maximum purchase price in Hillsborough, Pinellas and Pasco counties (purchase price limits vary in other Florida counties) Loans are issued by Fannie Mae (FNMA), so properties must meet the standards outlined by this authority. No rehab on the home is allowed Interest rates are set by the Florida Housing Finance Corporation Talk to Linda Mortgage Consultant Linda Kemp applies her 30+ years of experience in mortgage banking to guide first-time homebuyers through today's real estate market. Read Bio Resource Center Find the tools your need in our resource center. Learn More Products, terms, and conditions subject to change. Subject to standard credit criteria. Property insurance is required. Flood insurance is required if property is in a designated flood zone of 'A' or 'V.' Contact Us 727.567.8000800.718.2265 Privacy & Security Statements Terms of Use Contact Us