First-time home buyer programs in Coconut Creek, Florida — down payment assistance

Coconut Creek Down Payment Assistance

First-Time Home Buyer Programs & Down Payment Assistance in Coconut Creek, Florida

In Coconut Creek, FL, the down payment is the hurdle more often than the payment; the first-time home buyer programs here clear it: a grant with nothing to repay, forgivable second liens, and a repayable option that covers closing costs, on an owner-occupied home of one or two units (the nothing-to-repay option reaches four).

See my offer Size My Down Payment

Current Program Snapshot

Current down payment assistance guidelines, updated from one source.

These figures are read from Lendmire’s centralized down payment assistance standards source and update automatically when the programs change. Every state and city guide in this series reads the same source.

Down Payment Help

Up to 5%

Of the purchase price

Assistance is sized as a share of the price, never a fixed sum: the biggest option covers the down payment and reaches closing costs, the smaller ones cover the 3.5% FHA minimum down payment, in whole or, on the lowest tier, in part.

Nothing to Repay

3.5%

Covers the FHA down payment, in whole or in part

Nothing to repay, ever: this option pays the 3.5% FHA minimum down payment in whole or, on its lower tier, in part, and leaves no lien behind, for buyers within the area income limit or in a qualifying category.

Income Limit

None

On the forgivable and repayable options

No income cap on the forgivable and repayable options: earn what you earn. The nothing-to-repay option is the one exception, opening at or below 140% of area median income or through a qualifying category.

Credit

620

Credit score to start

This is the lowest score that opens an option here — the nothing-to-repay option; the forgivable second liens start a little higher and the repayable options higher still, so a stronger score opens more choices.

Assistance options offered in Florida — how much, what it costs to carry, and the credit it takes
Option	Assistance	What you repay	Credit · mortgage · units
Grant-style assistance — nothing to repay	2% or 3.5% of the price	Nothing — released at closing	620+ · FHA 203(b), FHA repair escrow, FHA Limited 203(k), FHA Standard 203(k) · 1–4 units
Forgivable second lien — three-year	3.5% of the price	Nothing after 36 on-time mortgage payments	640+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units
Forgivable second lien — five-year	3.5% of the price	Nothing after 60 on-time mortgage payments	640+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units
Repayable second lien — thirty-year amortization, ten-year balloon	3.5% or 5% of the price	Second lien, 30-year amortization, balloon in year 10	660+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units
Closing-cost repayable second lien	3.5% or 5% of the price	Second lien, 30-year amortization, balloon in year 10	660+ · FHA 203(b) · 1–2 units
Refinance-cost second lien (repayable)	1% to 3.5% of the balance	Second lien, repaid	660+ · FHA 203(b) · 1–4 units

Current down payment assistance snapshot · updated September 7, 2026 · six options offered in Florida · no option requires a first-time buyer · no option combines with another assistance program · owner-occupied primary residences only.

Program Notice

Down payment assistance options are consumer mortgage programs arranged through select wholesale lenders, licensed in sixteen states, paired with FHA, USDA, or HUD-184 first liens. Assistance is stated as a percentage of price or value, never as a dollar figure a specific borrower would receive; the forgivable and repayable options are second liens with their own disclosures. Eligibility depends on the first lien’s approval, the option’s rules, the property, and full underwriting, subject to lender program eligibility. The calculator’s rate is an editable market benchmark, not a quote, and its payment is an illustrative estimate; no fee or lender identity appears on this page. Lendmire is a mortgage broker and never the lender, and is not affiliated with or acting on behalf of FHA, VA, USDA, HUD, or the federal government. Lendmire, LLC — NMLS #2371349. Equal Housing Opportunity.

Coconut Creek Down Payment Assistance Guide

What down payment assistance is — and how the options differ.

First-time home buyer programs are not one program; they are a family of down payment assistance options paired with a government-backed first lien, and the right one for a Coconut Creek, FL buyer depends on credit, the first lien, the property, and whether the help needs to reach closing costs.

For the program overview, see Lendmire’s down payment assistance program, or the statewide guide at Down Payment Assistance in Florida.

01.

Assistance covers the FHA down payment

Every purchase option for a Coconut Creek buyer is sized on the price (or the lesser of price and value), not on a fixed sum: the smaller options cover the minimum investment, in whole or, on the lowest tier, in part, and the larger repayable option covers it and reaches closing costs and prepaid items too; the refinance option is sized on the balance.

02.

Four shapes: grant, forgivable, repayable, refinance

The options differ in what they cost to carry: a nothing-to-repay option released at closing; forgivable second liens with no interest and no payment, released after an on-time payment period; a repayable second lien, amortized with a balloon, that reaches closing costs; and a refinance-cost option for an existing FHA loan.

03.

Credit floors, mortgage programs, and unit counts

Two-borrower files can qualify on a blended score on the second-lien options when the higher earner has the higher score and an automated approval is in hand; every borrower still needs a score of their own, and the first lien and the unit count place the file as the options table shows.

04.

Eligibility without a first-time-buyer rule

No option requires a first-time buyer. The nothing-to-repay option asks for one qualifying category — income at or below the area limit, a community-service occupation, a first purchase, or an underserved tract — and a homebuyer education course; the second-lien options ask for neither.

The Core Calculation

Lesser of price or value × the option’s percentage = the assistance; minus the down payment = what reaches closing costs

This is the whole test: the price sets the minimum investment, the option covers it, and the larger option leaves room for closing costs. The tool below applies it to your numbers and adds the FHA payment estimate.

Size My Down Payment Call (828) 256-2183

Coconut Creek Market Context

Where Coconut Creek’s first-time and moderate-income buyers shop — and how the assistance fits.

Census estimates give the backdrop for a down payment assistance file: where Coconut Creek, FL’s renters live, what a median home costs, and what a median household earns.

These are context figures, not underwriting inputs. Value and income rarely move at the same pace; the market figures below show what a Coconut Creek home costs and how many households rent, and the calculator shows what that means for the minimum investment.

58,330Population (ACS 2020–2024)

$309,600Median owner-occupied home value (ACS 2020–2024)

35.2%Households that rent (ACS 2020–2024)

$75,014Median household income (ACS 2020–2024)

Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including tenure, home values, gross rents, and household income.

Coconut Creek Submarkets

Distinct Coconut Creek submarkets, distinct property rules.

Across Coconut Creek’s established neighborhoods, county-limit homes, and rural edges, the same program produces different closings because prices, property types, and first liens differ block by block.

01.

Established neighborhoods

The established neighborhoods of Coconut Creek carry a long history of government-backed purchases, which is where the assistance fits most naturally: the minimum investment covered on a first home. The median owner-occupied home value in Coconut Creek runs near $309,600 on the latest Census estimate.

Deep FHA history

Market data: U.S. Census Bureau — Coconut Creek.

02.

New construction

New construction in and around Coconut Creek works with the program; the appraisal and the builder’s timeline set the pace, and the assistance closes with the first lien. On a home at Coconut Creek’s median value, the FHA minimum investment comes to about $10,800 — the figure the assistance is built to cover.

Builder timelines and appraisal

Market data: U.S. Census Bureau — Coconut Creek.

03.

Small multi-unit homes, owner-occupied

A buyer who lives in one unit of a Coconut Creek duplex can use the program on the whole building; the nothing-to-repay option, which reaches four units, makes the purchase reachable with the minimum investment covered. Median household income in Coconut Creek sits near $75,014 on the latest Census estimate.

Live in one unit, rent the others

Market data: U.S. Census Bureau — Coconut Creek.

04.

Homes that need work

The older stock in Coconut Creek pairs with a renovation first lien and the assistance together: the help is figured on the purchase price, and the loan covers price plus repairs. About 35% of Coconut Creek’s households rent — roughly 8,558 renter households, the pool the program exists for.

Renovation first lien with assistance

Market data: U.S. Census Bureau — Coconut Creek.

05.

Manufactured homes on owned land

Manufactured housing on owned land is common around Coconut Creek, and the program accepts it: the nothing-to-repay option takes single-width homes, the second-lien options double-width only, and the land must be owned rather than leased. Coconut Creek itself counts a population near 58K.

Width and title decide the option

Market data: U.S. Census Bureau — Coconut Creek.

06.

USDA-eligible areas

Where a property near Coconut Creek sits in a USDA-eligible area, the USDA first lien and the forgivable or ten-year repayable options fit together, keeping cash to close near zero for buyers who qualify. Median gross rent in Coconut Creek is about $2,102 a month — the payment many renters already carry.

Zero-down first lien, assistance for costs

Market data: U.S. Census Bureau — Coconut Creek.

Read the submarkets as orientation. The file’s figures come from the first lien, the option, and the program’s rules.

How Coconut Creek Buyers Use the Program

Four ways Coconut Creek buyers put down payment assistance to work.

From a first home to an FHA refinance, down payment assistance in Coconut Creek, FL solves a specific set of problems, and the cards below take up the ones that come up most.

Small multi-unit

Buy a small multi-unit home and live in one unit

For a Coconut Creek buyer choosing a small multi-unit home, the assistance attaches to the first lien on the building, up to the option’s unit limit, with the buyer living in one of the units.

First purchase

Buy a first home with the down payment covered

The most common Coconut Creek, FL file: an FHA first lien, the assistance covering the minimum investment, and the buyer’s own funds reserved for moving costs and reserves.

Closing costs

Cover closing costs too on the larger option

The larger option exists for the Coconut Creek, FL closing where the down payment is only half the problem: it carries the minimum investment and a further share for costs.

Refinance

Cover the costs of an FHA refinance

Owners in Coconut Creek with an FHA loan and little cash for a refinance use the refinance-cost option, subject to its own credit floor and the combined-leverage limit it carries.

Assistance Sizer

Size the assistance on a Coconut Creek price before requesting a quote.

Run a Coconut Creek price through the options before you request a quote: the minimum investment, the assistance applied, what is left for closing costs, the mortgage insurance tier, and the estimated payment. Enter income to see the ratios a lender reads.

Editable FHA scenario with assistance

Coconut Creek FHA payment with assistance

Seeded from Coconut Creek’s home values; every field is editable, and the estimate updates as you change the price, the option, your cash, or the rate.

Purchase price

Assistance option

Your own cash toward the down payment (% of price)

Term

Rate (%) — editable benchmark

Editable benchmark: 7.28% as of October 1, 2026 · Freddie Mac 30-year average via FRED®. A conventional market reference, not an FHA loan quote.

Property taxes (per year)

Homeowners insurance (per year)

Association dues (per month)

Gross monthly household income (optional)

Other monthly debt payments

—FHA minimum investment on this price.

—Annual mortgage insurance rate applied, and for how long.

Illustrative starting assumptions: a $310,000 price near Coconut Creek’s median owner-occupied home value, the strongest assistance option offered in Florida applied against the FHA minimum investment, a thirty-year term at the current Freddie Mac benchmark, property taxes and insurance estimated for Florida (U.S. Census Bureau). Every field is editable.

Estimated total monthly housing payment

—

Principal and interest, FHA mortgage insurance, taxes, insurance and dues, on the total loan with the upfront premium financed.

—Total down payment (your cash plus assistance)

—Assistance applied to the down payment

—Assistance left toward closing costs and prepaids

—Your cash toward the down payment

—Base loan amount

—Upfront mortgage insurance premium, financed

—Total loan amount

—Principal and interest

—Monthly FHA mortgage insurance

—Taxes, insurance and dues

—Housing and total debt ratios (with income entered)

—Where the file lands

See my offer Call 828-256-2183

Illustrative estimate only — not a Loan Estimate, approval, quote, or commitment to lend. The rate field carries the weekly Freddie Mac thirty-year conventional benchmark, a market reference and not an FHA loan quote; your rate is set by the lender at lock. FHA mortgage insurance follows HUD’s published schedule for the term, leverage and loan size entered; taxes, insurance and dues are editable estimates; closing costs are not included; a repayable second lien adds its own payment, which is not shown here. Consumer mortgage lending licensed in sixteen states. Lendmire is not affiliated with or acting on behalf of FHA, USDA, HUD, or the federal government.

Down Payment Assistance vs. the Alternatives

Same buyer, three very different closings.

Down payment assistance is one of the ways a Coconut Creek buyer covers the minimum investment; each has a different cost after closing.

Structure Comparison

Assistance on an FHA loan, your own down payment, or assistance on a USDA or HUD-184 loan.

FHA with down payment assistance

The structure for a Coconut Creek buyer who qualifies for the payment but not the cash to close — the help is sized on the price and the option decides what, if anything, is owed afterward.

FHA with your own minimum investment

For a Coconut Creek, FL buyer with the cash in hand, the plain FHA purchase is the cleaner file; the assistance exists for the buyer who does not have it yet. For the first lien itself, see Lendmire’s FHA loan program.

USDA or HUD-184 with assistance

On a USDA or HUD-184 first lien in Coconut Creek, FL the assistance is forgivable or the ten-year repayable kind; the separate closing-cost option is FHA only. For the USDA first lien, see the USDA loan program.

Where each one fits

Assistance fits the buyer short of cash to close; the plain purchase fits the buyer with savings; the USDA and HUD-184 pairing fits eligible properties and borrowers — Lendmire places the Coconut Creek, FL file where it reads best.

Typical File Components

What to prepare for a Coconut Creek scenario review.

What a down payment assistance review usually starts with.

Homebuyer education certificateA HUD-approved course, online or in person, completed before closing on the nothing-to-repay option; the course cost is credited back at closing.

Property detailUnit count, condominium approval status, manufactured-home width and title, USDA eligibility, and any association documents on file.

Credit reportA tri-merge report with a score for every borrower; the option’s floor and the first lien’s rules both apply, and a blended score may apply on the second-lien options.

Seasoned fundsAny gift funds or personal savings used alongside the assistance, documented in the way the first lien requires those funds to be.

Income documentationPay stubs, W-2s or tax returns, and any fixed income, read against the first lien’s rules and, for the nothing-to-repay option, the area income limit.

Eligibility categoryNothing-to-repay option: proof of one qualifying category (occupation, first-time buyer, census tract, or area income; any one of them), plus the signed application.

This is a general preparation guide, not a universal checklist. The selected lender may request additional information based on the mortgage, the assistance option, the property, and the eligibility category. Nothing here is legal or tax advice.

Coconut Creek File Considerations

Local details that can change the loan.

Beyond the credit tier and the first lien, a handful of details decide which option a Coconut Creek buyer can use — or whether the assistance attaches at all.

Before You Move Forward

Use these checks to keep the Coconut Creek file clean and fundable.

The checks below keep a Coconut Creek assistance file on track, and each one comes from the option’s own terms rather than from a lender’s preference.

Know the option: read the second lien as the loan it is.
Confirm the category: settle which category applies before the application is signed.
Confirm the property: check condominium approval and manufactured-home width.

The option decides what you owe afterward

The same minimum investment can be covered three ways on a purchase in Coconut Creek, FL, and the difference is entirely in what happens after closing: nothing, nothing if the first lien stays current, or a second loan that comes due; the options table shows what is offered.

ii.

The eligibility category for the nothing-to-repay option

The category is checked at application on the nothing-to-repay option, together with the signed assistance application and the education certificate; no option requires a first-time buyer, and the second-lien options carry no income limit.

iii.

Property type and unit count select the option

The property itself can move a Coconut Creek, FL file: a fourplex, a single-width manufactured home, or an unapproved condominium project each changes which option can attach, so the address is read before the option is promised.

iv.

The balloon on the repayable option

The repayable second lien amortizes over thirty years but comes due in the tenth year; it carries interest and a monthly payment, its own loan number, and a balloon disclosure. It is the option that reaches closing costs, and it is a loan.

The mortgage and the county loan limit

A Coconut Creek buyer near the county loan limit should settle the first lien’s size first; a high-balance first lien narrows the options to the repayable ones, and the choice of USDA or HUD-184 narrows them further.

A Clear Process

From a Coconut Creek pre-approval to keys with the assistance in place.

The process for a Coconut Creek, FL purchase with assistance is deliberate, because the details around the assistance are what stall closings.

Pick the option

The first step is the option: which ones the credit opens, which the first lien allows, and which costs the least to carry for a Coconut Creek, FL buyer — settled before anything is ordered.

ii.

Get the mortgage approved

Lendmire packages the Coconut Creek file for the first lien first, because the assistance follows its approval; the option’s floor and the first lien’s rules both have to clear.

iii.

Clear the property

Property review runs in parallel with the first lien; the Coconut Creek home is checked against the option’s rules and the first lien’s, from the unit count to the association package.

iv.

Close both loans together

The Coconut Creek closing carries both instruments: the first lien and the assistance, each documented on its own and closed together, with the education certificate in the file where it applies.

Why Lendmire

A brokerage that pairs the assistance to the loan.

An assistance file rewards preparation, and preparation is what a brokerage built for first-time and moderate-income buyers provides.

The option, matched to the buyer

The nothing-to-repay option where it fits, the forgivable options where it does not, the repayable option where closing costs are the hurdle — chosen for the Coconut Creek, FL buyer, not by default.

ii.

The mortgage, matched to the property

USDA where the address is eligible, HUD-184 where the buyer qualifies, FHA everywhere; the Coconut Creek, FL first lien is the foundation the assistance stands on.

iii.

The right wholesale program

A Coconut Creek file is matched to the wholesale program whose option fits the buyer, and Lendmire manages the first lien and the assistance together through closing.

Client Experiences

Trusted by first-time buyers & families alike.

Verified Google Reviews

    
 
 
          Joseph Edwards 
 
 
 
 Trustindex verifies that the original source of the review is Google. Highly recommend, Cori was awesome to work with and had great communication. She was very helpful and got us through everything to close.
  
 
         K Star Real Estate LLC 
 
 
 
 Trustindex verifies that the original source of the review is Google. Cori on the Lendmire team was phenomenal! She was two steps ahead through the entire process of purchasing an investment property.  She was solving problems before anyone knew there could have been a problem.  Great communication,  great availability,  all around a great person to work with.  She is the reason our deal closed.  We look forward to working with her again in the very near future!
  
 
         Tristen Mosley 
 
 
 
 Trustindex verifies that the original source of the review is Google. Alayna Pack is very knowledgeable, helpful, communicative, and transparent. Highly recommend.
  
 
         J Mills 
 
 
 
 Trustindex verifies that the original source of the review is Google. Leigh is absolutely the best! Professional yet personable, diligent, and incredibly responsive. She was with us throughout the process and helped us secure a competitive rate. Leigh went above and beyond to make sure all of our questions were answered, and offered deep explanations for questions that arose. We felt supported through the entire process and trust her expertise completely. 5 stars!
  
 
         Tyjuana Atkinson 
 
 
 
 Trustindex verifies that the original source of the review is Google. Awesome experience!!!!!!! Leigh had our best interest at heart from beginning to the end.
  
 
         Anna Hernandez 
 
 
 
 Trustindex verifies that the original source of the review is Google. Curt Galbraith was a Great Loan Originator and goes above and beyond for his clients, working with him on this transaction was so easy. I would recommend him for any Buyers looking to Buyer or Refinance. Great Service all around
  
 
         RustynKelli Shelton 
 
 
 
 Trustindex verifies that the original source of the review is Google. Brenda is absolutely one of the most professional hardworking lenders we have ever dealt with; she’s helped clients of ours and now us personally. Her communication is top notch, you never feel like you’re forgotten or left to figure things out on your own, great to answer questions and explain each step. Definitely recommend Brenda to walk along beside you in your purchase process!
  
 
         Isaac Alonzo 
 
 
 
 Trustindex verifies that the original source of the review is Google. As a first time home buyer Curt Galbraith was a wonderful man, he explained everything i had questions about and took time out of his day to meet up late at nights after my night shift, to explain things to me .Over all  Curt was really helpful all through closing and always there when you needed him. Thank you so much Curt for helping me through out the whole process.
  
 
         Jason Fleck 
 
 
 
 Trustindex verifies that the original source of the review is Google. Brenda, Samantha and the Lendmire team were absolutely fantastic to work with. We had to jump through some major hurdles to get this home done, which most lenders would have gave up, they kept pushing to get this home done for us. I would absolutely recommend Brenda and team to anybody. Thank you so much for your commitment, communication, perseverance through the whole process.

Jason & Brooke

Questions Coconut Creek Buyers Ask

Coconut Creek down payment assistance FAQs

Plain answers to the questions Coconut Creek buyers ask most about down payment assistance, before you request a review. Every file is underwritten individually; nothing here is a commitment.

Do I have to be a first-time homebuyer?

No — and that surprises most Coconut Creek buyers. The program has no first-time requirement; owning a home before does not close a single option, and being a first-time buyer is simply one of the doors into the nothing-to-repay option.

Is there an income limit?

The second-lien options have none; the nothing-to-repay option has an area income limit that a qualifying occupation, a first purchase, or an underserved tract can substitute for.

What first-time home buyer programs are available in Coconut Creek?

Think of it as one program with several ways to receive the help: forgiven at closing, forgiven after a run of on-time payments, or repaid over time. The options table on this page shows exactly which ones are offered in Florida and what each costs to carry.

Do I have to pay the assistance back?

For a Coconut Creek buyer, the nothing-to-repay option where offered, otherwise a forgivable second lien; the options table on this page shows what each costs to carry.

What credit score do I need?

Lower than most buyers expect: the entry floor for a Coconut Creek buyer sits in the low six hundreds, with the second-lien options a step or two higher. Two-borrower files may qualify on a blended score on the second lien when the higher earner has the higher score.

What is the rate on the mortgage and on the assistance?

The first lien’s rate is set by the lender at lock; the calculator on this page seeds its rate field from the weekly Freddie Mac conventional benchmark as a market reference, not an FHA quote, and every field stays editable. The repayable second lien’s terms are set by the program and disclosed on its own documents; the forgivable and nothing-to-repay options carry no interest.

Can I buy a duplex or a fourplex with assistance?

Two units on the second-lien options, up to four on the nothing-to-repay option, always with the buyer living in one of them.

Can I use the assistance on a second home or a rental?

Primary residences only. Investment properties and second homes are outside the program.

How does a forgivable second lien work — the small second loan behind the mortgage?

You do not pay it as long as the first lien stays current through the period; after the period it is forgiven. A sale or refinance inside the period pays it off.

Can I combine this with another assistance program?

The options do not stack with each other or with local, state, or employer programs; a Coconut Creek buyer eligible for more than one chooses the one that fits best.

Get Started

Talk through a Coconut Creek assistance file before the contract is signed.

Share the property, the price, and a little about your situation; a Lendmire loan officer names the option that fits and follows up.

See my offer Size My Down Payment

Continue Exploring

This guide covers Coconut Creek — for the statewide options, categories, and property rules, see Down Payment Assistance in Florida, part of Lendmire’s down payment assistance program.

Nearby markets in Florida: Margate · Pompano Beach · Deerfield Beach · Coral Springs · Tamarac · Boca Raton · Lauderhill · Sunrise

Related programs: FHA Loans · USDA Loans · FHA 203(k) Rehab Loans