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 with some with nothing to repay, forgivable second liens, and a repayable option that covers closing costs, on a primary residence of up to four units.

Check My Assistance Options 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.

Nothing to Repay

3.5%

Covers the whole FHA down payment

Nothing to repay, ever: this option pays the full 3.5% FHA minimum down payment 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.

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

The gap the program closes for a Coconut Creek buyer is the minimum investment: the assistance covers that share of the price, the first lien carries the rest, and the buyer’s own savings stay for the move.

02.

Four shapes: grant, forgivable, repayable, refinance

The assistance comes as a grant where it is offered, as a forgivable second lien, or as a repayable second lien; each pairs with the first lien differently, and the options table on this page shows what is offered in Florida.

03.

Credit floors, mortgage programs, and unit counts

Each option carries its own credit floor, its own first-lien list, and its own unit limit: the nothing-to-repay option pairs only with FHA and reaches four units; the second-lien options pair with FHA, USDA, and HUD-184 and stop at two units for a purchase.

04.

Eligibility without a first-time-buyer rule

Eligibility is broader than most buyers expect: repeat buyers qualify, income limits apply only to the nothing-to-repay option, and the categories that open it include first responders, educators, medical personnel, civil servants, and military.

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 Request a Scenario Review

Coconut Creek Market Context

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

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

These are context figures, not underwriting inputs. Value and income rarely move at the same pace; the market figures below show how far Coconut Creek’s prices have moved against its incomes, 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

Buyers in Coconut Creek’s core neighborhoods use the assistance to close the gap between qualifying for the payment and having the cash to close. Median gross rent in Coconut Creek is about $2,102 a month — the payment many renters already carry.

Moderate prices, deep FHA history

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

02.

New construction

For Coconut Creek buyers under contract with a builder, the assistance is arranged with the first lien so the closing date holds. 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.

Two-to-four-unit homes, owner-occupied

The duplexes and small multi-unit homes of Coconut Creek pair with the assistance on the first lien, up to the option’s unit limit. About 35% of Coconut Creek’s households rent — roughly 8,558 renter households, the pool the program exists for.

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. Coconut Creek counts a population near 58K.

Renovation first lien with assistance

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

05.

Manufactured homes on owned land

For Coconut Creek buyers choosing manufactured housing, the assistance is available on owned land, with the option set by the home’s width. The median owner-occupied home value in Coconut Creek runs near $309,600 on the latest Census estimate.

Width and title decide the option

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

06.

USDA-eligible areas

On Coconut Creek’s rural edges, the USDA first lien and the second-lien options fit together, keeping cash to close near zero for buyers who qualify. Median household income in Coconut Creek sits near $75,014 on the latest Census estimate.

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 a small multi-unit building to an FHA refinance, down payment assistance in Coconut Creek, FL solves a specific set of problems.

Small multi-unit

Buy a two-to-four-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.

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 combined-leverage limit.

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 with Coconut Creek’s median home value; 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: 6.71% as of September 3, 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 (kept where an FHA first lien is realistic), 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

Review My Assistance Scenario 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, four very different closings.

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

Structure Comparison

Assistance on a government loan, saving the minimum, or a gift.

FHA with down payment assistance

Covers the FHA minimum investment as a percentage of the price — some with nothing to repay — with forgivable and repayable second-lien shapes, credit floors in the low six hundreds, and no first-time-buyer rule; the larger option reaches closing costs and prepaids.

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, the assistance shifts to the second-lien options and to the closing costs; the nothing-to-repay option pairs only with FHA. For the USDA first lien, see the USDA loan program.

Where each one fits

If the payment fits but the cash to close does not, down payment assistance is the structure; if the cash is there, the plain purchase; if the property is USDA-eligible, the USDA first lien with assistance for costs.

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.

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 or savings used alongside the assistance, documented the way the first lien requires.

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 categoryFor the nothing-to-repay option: proof of a qualifying occupation, first-time-buyer status, the property’s census tract, or income inside the area limit, plus the signed assistance 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.

Three checks keep a Coconut Creek assistance file on track: know which option the credit tier opens, know which first lien the property can carry, and know the category that opens the nothing-to-repay option.

Know the option: read the second lien as the loan it is.
Confirm the category: complete the homebuyer education course where required.
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 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

Before the contract is signed on a Coconut Creek home, the unit count, the condominium status, the manufactured-home width and title, and any association package are checked against the option’s rules.

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 option requires it. A Coconut Creek buyer who has owned before qualifies for the second-lien options on credit, first lien, and property alone, and for the nothing-to-repay option through any of the other categories.

Is there an income limit?

A Coconut Creek buyer above the area income limit still reaches the nothing-to-repay option through an occupation, a first purchase, or the tract, and reaches the second-lien options regardless of income.

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

A Coconut Creek buyer can cover the FHA minimum investment through a nothing-to-repay option where offered, a forgivable second lien, or a repayable second lien that reaches closing costs; the calculator on this page sizes each one on a price you enter.

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?

A Coconut Creek buyer’s credit tier decides which options are open — the options table on this page shows the floor for every option offered in Florida.

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.

Check My Assistance Options 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.

Also in Florida: Coral Springs · Titusville · Daytona Beach · Weston · FHA Loans · USDA Loans