First-time home buyer programs in Delray Beach, Florida — down payment assistance

Delray Beach Down Payment Assistance

First-Time Home Buyer Programs & Down Payment Assistance in Delray Beach, Florida

First-time home buyer programs in Delray Beach, FL pair an FHA, USDA, or HUD-184 mortgage with help for the down payment: a nothing-to-repay option released at closing, forgivable second liens, and a larger repayable option that reaches closing costs too — and repeat buyers qualify.

Check My Assistance Options Size My Down Payment

Current Program Snapshot

Current down payment assistance guidelines, updated from one source.

The current program figures below are hydrated from Lendmire’s down payment assistance standards source at each visit, so the options shown for Delray Beach, FL are the options in force.

Down Payment Help

Up to 5%

Of the purchase price

Up to this share of the price can come from assistance: the largest option reaches closing costs as well as the down payment, while the smaller options cover the 3.5% FHA minimum.

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

The forgivable and repayable options have no income limit at all — one of the biggest advantages of this program. Only the nothing-to-repay option asks for income at or below 140% of the area median, or a qualifying category.

Credit

620

Credit score to start

The score that opens the nothing-to-repay option; the forgivable options start a step higher and the repayable options higher still. Two-borrower files may use a blended score on the second-lien options.

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.

Delray Beach Down Payment Assistance Guide

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

For Delray Beach, FL buyers, the first-time home buyer programs work the same way: the first lien carries most of the price, the assistance covers the minimum investment, and the shape of the assistance — nothing to repay, forgivable, or repayable — decides what it costs to carry.

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

In Delray Beach, FL, the assistance attaches to the first lien at closing and covers the buyer’s required investment; on the larger option, what remains after the minimum investment goes toward closing costs.

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

Credit decides which options are open; the first lien decides which options attach; the property’s unit count and type decide which option carries it. The options table shows all three side by side.

04.

Eligibility without a first-time-buyer rule

In Delray Beach, FL, the question is not whether this is a first home; it is which option fits the credit, the first lien, and the property — and, for the nothing-to-repay option, which qualifying category applies.

The Core Calculation

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

The calculator below runs this math on a price you enter. Choose an assistance option offered in Florida and add any cash of your own; it sizes the minimum investment, the assistance, what is left for closing costs, the FHA loan with its mortgage insurance, and the payment at an editable market benchmark rate.

Size My Down Payment Request a Scenario Review

Delray Beach Market Context

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

Census housing and income data describe who buys in Delray Beach, FL and what it costs to get in; a lender reads those figures as context for the first lien, not as underwriting inputs.

Market context only. The higher the median value, the larger the minimum investment in dollars; that is why the assistance is sized as a percentage of the price rather than a fixed sum, and why the larger option matters more in expensive markets.

67,979Population (ACS 2020–2024)

$420,300Median owner-occupied home value (ACS 2020–2024)

36.8%Households that rent (ACS 2020–2024)

$82,041Median 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.

Delray Beach Submarkets

Distinct Delray Beach submarkets, distinct property rules.

Across Delray Beach’s condominiums, townhomes, and older neighborhoods close to work, the same program produces different closings because prices, property types, and first liens differ block by block.

01.

Condominiums close to work

In Delray Beach, a condominium near the job is the first home many buyers can reach; the program pairs with it as long as the project clears FHA review, and the assistance covers the minimum investment the same way it would on a house. Median household income in Delray Beach sits near $82,041 on the latest Census estimate.

FHA project approval decides the file

Market data: U.S. Census Bureau — Delray Beach.

02.

Townhomes and attached homes

The townhome rows of Delray Beach are where many first purchases happen, and the assistance is designed for exactly that: the minimum investment covered, the closing costs reachable on the larger option. The median owner-occupied home value in Delray Beach runs near $420,300 on the latest Census estimate.

PUD review, lower price points

Market data: U.S. Census Bureau — Delray Beach.

03.

Manufactured homes on owned land

Manufactured housing on owned land near Delray Beach is eligible, with the option decided by the home’s width: the nothing-to-repay option accepts single-width homes, while the second-lien options accept double-width only. Median gross rent in Delray Beach is about $1,961 a month — the payment many renters already carry.

Width and title decide the option

Market data: U.S. Census Bureau — Delray Beach.

04.

Older neighborhoods and renovation loans

The older streets of Delray Beach are full of homes that need work, and the assistance pairs with a renovation first lien: the assistance is figured on the purchase price, while the loan itself covers price plus repairs. Delray Beach counts a population near 68K within the Miami-Fort Lauderdale-West Palm Beach, FL area.

203(k) with the assistance attached

Market data: U.S. Census Bureau — Delray Beach.

05.

New construction and infill

A newly built Delray Beach home is eligible; the buyer’s own funds requirement is covered by the assistance, and the builder’s closing date is met once the first lien is approved. On a home at Delray Beach’s median value, the FHA minimum investment comes to about $14,700 — the figure the assistance is built to cover.

Builder timelines and appraisal

Market data: U.S. Census Bureau — Delray Beach.

06.

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

The small multi-unit stock in Delray Beach is a path to a first home that also earns rent; the assistance pairs with the first lien on the building, up to the option’s unit limit. About 37% of Delray Beach’s households rent — roughly 11,005 renter households, the pool the program exists for.

Live in one unit, rent the others

Market data: U.S. Census Bureau — Delray Beach.

Market context only. The option for a Delray Beach file comes from the credit tier, the first lien, the property, and the eligibility category, never from the submarket.

How Delray Beach Buyers Use the Program

Four ways Delray Beach buyers put down payment assistance to work.

How Delray Beach buyers put the program to work depends on the first lien, the property, and what the help needs to cover; these four paths cover most files.

Small multi-unit

Buy a two-to-four-unit home and live in one unit

For a Delray Beach buyer choosing a small multi-unit home, the assistance attaches to the first lien on the building, up to the option’s unit limit.

Renovation

Buy a home that needs work with a renovation mortgage

Renovation purchases in Delray Beach, FL qualify for the assistance on the price before repairs, so the down payment help and the repair budget close together.

First purchase

Buy a first home with the down payment covered

For a first purchase in Delray Beach, the assistance closes the down payment gap; the option is chosen by credit, first lien, and eligibility category.

Government mortgages

Pair the assistance with a USDA or HUD-184 mortgage

Where the first lien is USDA or HUD-184, the second-lien assistance options carry the file in Delray Beach, forgivable or repayable by the buyer’s choice and credit.

Assistance Sizer

Size the assistance on a Delray Beach price before requesting a quote.

The calculator does what a loan officer’s first pass does for a Delray Beach file — sizes the minimum investment, applies the option, builds the FHA loan with mortgage insurance, and estimates the payment — using the current program figures and an editable benchmark rate.

Editable FHA scenario with assistance

Delray Beach FHA payment with assistance

A Delray Beach scenario to start from — adjust the price, the option, your own cash, the term, and the rate to see the assistance and the payment.

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 $420,000 price near Delray Beach’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.

Same Delray Beach buyer, four closings: assistance on an FHA loan, the buyer’s own minimum investment, assistance on a USDA or HUD-184 loan, or a gift from family.

Structure Comparison

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

FHA with down payment assistance

Assistance paired with the first lien at closing: the minimum investment covered, the shape chosen by credit, first lien, and eligibility category, and the second-lien options open to repeat buyers with no income limit.

FHA with your own minimum investment

Paying the minimum investment yourself keeps the closing simplest — no second lien, no category, no course; the trade is the months or years of saving that the assistance replaces. For the first lien itself, see Lendmire’s FHA loan program.

USDA or HUD-184 with assistance

Where the property is USDA-eligible or the buyer qualifies for HUD-184, the second-lien options carry the Delray Beach file, and the closing costs are what the assistance covers. 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 Delray Beach scenario review.

A typical starting file for a first purchase with assistance.

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

Mortgage programFHA, USDA, or HUD-184 — with the county loan limit checked against the price, since only the repayable options carry a high-balance first lien.

Assistance (second-lien) disclosuresOn the forgivable and repayable options, the second lien is a separate loan with its own loan number and disclosures; the repayable option carries a balloon disclosure.

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.

Purchase contractThe executed contract with the price the assistance is measured on; on a renovation loan, the price before repairs.

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.

Delray Beach File Considerations

Local details that can change the loan.

The assistance is the easy part; the rules around it are where Delray Beach, FL files stall. These are the ones that most often change a file’s shape.

Before You Move Forward

Use these checks to keep the Delray Beach file clean and fundable.

Before making an offer on a Delray Beach, FL home, confirm the option, the county loan limit, and the property’s unit count and type.

Know the option: confirm the option is offered in the state.
Confirm the category: remember that the second-lien options carry no income limit.
Match the first lien: confirm the first-lien program for the property.

The option decides what you owe afterward

Choose the shape before the amount: the forgivable options cover the minimum investment and cost nothing to carry when the first lien stays current; the repayable option covers more and is repaid; a nothing-to-repay option released at closing where it 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.

The mortgage and the county loan limit

The nothing-to-repay option pairs only with FHA first liens, including the repair-escrow and renovation programs; the second-lien options pair with FHA, USDA, and HUD-184, and above the county loan limit only the repayable options carry the assistance.

iv.

Property type and unit count select the option

The property itself can move a Delray Beach, 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.

The forgiveness clock on the forgivable options

For a Delray Beach, FL buyer, the forgivable options cost nothing to carry as long as the first lien stays current through the period; they are not resubordinated, not assumed, and no additional lien can be added behind them.

A Clear Process

From a Delray Beach pre-approval to keys with the assistance in place.

Four steps take a Delray Beach, FL assistance file from a first read to funding; the first one is the one most buyers skip.

Pick the option

Every Delray Beach file starts with the option and the first lien; the category, the education course, and the property rules are then settled around them, in that order.

ii.

Get the mortgage approved

Lendmire packages the Delray Beach 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

The property side of a Delray Beach, FL file is where the option can change: unit count, project approval, and the loan limit are confirmed before the closing is scheduled.

iv.

Close both loans together

The Delray Beach 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

Lendmire reads the options offered in Florida against a Delray Beach buyer’s credit, first lien, property, and category before anything is ordered, and names the fit by cost to carry.

ii.

The mortgage, matched to the property

FHA, USDA, or HUD-184 is chosen with the Delray Beach property — its address, its unit count, its type — so the assistance option that pairs with it is the one that attaches.

iii.

The right wholesale program

Not every wholesale lender carries down payment assistance, and the ones that do differ on shape, floors, and states; Lendmire knows which is which.

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 Delray Beach Buyers Ask

Delray Beach down payment assistance FAQs

The questions a Delray Beach, FL buyer asks before requesting an assistance review, answered plainly.

Do I have to be a first-time homebuyer?

No. None of the options requires a first-time buyer. Being a first-time buyer is one of four categories that opens the nothing-to-repay option; the second-lien options have no first-time-buyer rule and no income limit at all.

Is there an income limit?

A Delray Beach 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 Delray Beach?

Four shapes paired with a government first lien: 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 with a balloon that also reaches closing costs and prepaids; and a refinance-cost option for an existing FHA loan. The options table on this page shows what is offered in Florida.

Do I have to pay the assistance back?

A nothing-to-repay option is released at closing with no lien and no payment. The forgivable second liens also cost nothing — no interest, no payment — as long as the first lien stays current through the forgiveness period, and they pair with USDA and HUD-184 first liens as well as FHA.

What credit score do I need?

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

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

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

What if my mortgage is above the county loan limit?

A high-balance first lien narrows the choice to the repayable options in Delray Beach, FL.

Can I buy a duplex or a fourplex with assistance?

Yes, if you live in one of the units. The nothing-to-repay option reaches four units; the purchase second-lien options stop at two; the refinance-cost option reaches four with one unit owner-occupied.

Can I combine this with another assistance program?

One option, one first lien, one closing — no combination with other assistance.

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.

Get Started

Bring the price. We will find the option.

A first read of a Delray Beach assistance scenario takes a few minutes and commits you to nothing; the option, the category, and the property rules are explained before anything is ordered.

Check My Assistance Options Size My Down Payment

Continue Exploring

This guide covers Delray Beach — 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: Orlando · Siesta Key · Marco Island · Port Orange · FHA Loans · USDA Loans