By Phil Ganz
Edited by Ryan Skerritt
The Lee County FirstPlus DPA Program offers up to $10,000 in down payment assistance to help make homeownership more accessible for eligible buyers in Florida.
This program is designed to provide financial support for low- to moderate-income households purchasing their first home.
See Which Florida DPA Programs You Qualify For
If you’re looking to achieve your dream of homeownership in Lee County, this program could be the perfect solution.
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Lee County FirstPlus DPA Program: An Overview
The Lee County FirstPlus DPA Program offers financial assistance of up to $10,000 to help first-time homebuyers achieve their dream of homeownership.
The program funds are distributed on a first-come, first-served basis and are continuously replenished.
This program provides support in the form of a second mortgage with favorable terms to make purchasing a home more affordable.
It is available in several counties and is designed to assist buyers who meet specific eligibility criteria.
The program also features competitive loan options, flexible guidelines for participants, and homebuyer education is not required, although it is recommended.
See Which Florida DPA Programs You Qualify For
Benefits of the Lee County FirstPlus Program
The FirstPlus DPA Program offers several benefits to help make homeownership more attainable:
- Generous Down Payment Assistance: Provides up to $10,000 as a second mortgage with 0% interest, deferred for up to 30 years.
- Competitive Loan Rates: Access to a competitive 30-year fixed mortgage rate for peace of mind.
- Flexible Loan Options: Compatible with FHA, VA, and USDA-RD loan types.
- No Asset Limits: No restrictions on the amount of assets a homebuyer can own.
- Primary Residence Support: Ensures your new home is your primary residence, fostering stability.
- Quick Occupancy Timeline: Borrowers are required to occupy the home within 60 days of closing.
- Optional Homebuyer Education: While not required, education resources are available to guide you through the process.
- Broad Coverage Area: Available across nine Florida counties, offering flexibility in choosing where to live.
See Which Florida DPA Programs You Qualify For
Where Does the Lee County FirstPlus Program Apply?
The Lee County FirstPlus DPA Program is available in several counties across Florida, giving first-time homebuyers the flexibility to choose where they want to live.
Eligible locations include:
- Lee County
- Broward County
- Charlotte County
- Collier County
- DeSoto County
- Glades County
- Hendry County
- Palm Beach County
- Sarasota County
See Which Florida DPA Programs You Qualify For
Requirements for Eligibility
To qualify for the Lee County FirstPlus DPA Program, applicants must meet the following criteria:
- First-Time Homebuyers: Applies to all borrowers and their spouses (whether they occupy the home or not). Applicants cannot have owned a home within the past three years.
- Residency: Must be able to permanently reside in the United States.
- Income Limits: Applicants must fall within the program’s maximum income limits.
- Credit Requirements: A minimum FICO score of 640 is required.
- Debt-to-Income Ratio: The maximum DTI ratio allowed is 45%.
- Loan Eligibility: Borrowers must meet standard underwriting requirements for FHA, VA, or USDA-RD loans.
See Which Florida DPA Programs You Qualify For
Next Steps
Start by checking your eligibility for the $10,000 Lee County FirstPlus Down Payment Assistance Program. This step ensures the program is available in your area and that you meet the basic requirements.
Once eligible, connect with a participating lender who will guide you through the application process, help you select the best loan option, and confirm the amount of down payment assistance available to you.
After your loan is approved, and you’ve reviewed any recommended homebuyer education resources, the assistance will be applied at closing to lower your upfront costs.
Take the first step today by confirming your eligibility!
With over 50 years of mortgage industry experience, we are here to help you achieve the American dream of owning a home. We strive to provide the best education before, during, and after you buy a home. Our advice is based on experience with Phil Ganz and Team closing over One billion dollars and helping countless families.
About Author - Phil Ganz
Phil Ganz has over 20+ years of experience in the residential financing space. With over a billion dollars of funded loans, Phil helps homebuyers configure the perfect mortgage plan. Whether it's your first home, a complex multiple-property purchase, or anything in between, Phil has the experience to help you achieve your goals.
About Editor - Ryan Skerritt
Ryan Skerritt has over 10+ years of experience in the residential financing space. With over two hundred and fifty million of funded loan volume, Ryan has the skill set to help any homebuyer configure the perfect mortgage plan.
