Current down payment assistance guidelines, updated from one source.
The snapshot below is not typed onto this page — it is pulled from one down payment assistance guideline source and refreshed when that source changes, so Hollywood, FL always shows the options in force.
Of the purchase price
The largest option is a repayable second lien that covers your down payment and can reach closing costs and prepaids too; the smaller options cover the 3.5% FHA minimum down payment.
Covers the whole FHA down payment
This covers the entire 3.5% FHA minimum down payment and is forgiven at closing: no lien on the home, no monthly payment, no interest. It opens on the area income limit or on a qualifying category.
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 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.
| 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 figures are hydrated from one guideline source and change when it changes. The nothing-to-repay option is not offered in every state; the forgivable and repayable options are second liens; no option combines with another assistance program; all are for owner-occupied primary residences. The rate in the calculator is an editable market benchmark, not a quote, and the payment shown is an illustrative estimate; no fee or lender identity appears on this page. Lendmire is the broker, not the lender, and is not affiliated with FHA, USDA, HUD, or the federal government.
What down payment assistance is — and how the options differ.
For Hollywood, 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.
Assistance covers the FHA down payment
An FHA purchase asks for a minimum investment from the buyer; the assistance covers it, measured as a percentage of the lesser of price or value, and the largest option carries a further share for closing costs and prepaids.
Four shapes: grant, forgivable, repayable, refinance
Nothing to repay, forgiven over time, or repaid with a balloon: the three purchase shapes in Hollywood, FL cover the same minimum investment and differ in what the buyer owes afterward.
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.
Eligibility without a first-time-buyer rule
In Hollywood, 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 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.
Where Hollywood’s first-time and moderate-income buyers shop — and how the assistance fits.
Census housing and income data describe who buys in Hollywood, FL and what it costs to get in; a lender reads those figures as context for the first lien, not as underwriting inputs.
These are context figures, not underwriting inputs. Value and income rarely move at the same pace; the market figures below show how far Hollywood’s prices have moved against its incomes, and the calculator shows what that means for the minimum investment.
Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including tenure, home values, gross rents, and household income.
Distinct Hollywood submarkets, distinct property rules.
Across Hollywood’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.
Townhomes and attached homes
Attached homes and townhomes in Hollywood sit at price points where the minimum investment is smaller in dollars but no easier to save; the assistance closes that gap, and the association’s documents are reviewed with the file. Hollywood counts a population near 155K.
New construction and infill
New construction in Hollywood works with the program; the appraisal and the builder’s timeline set the pace, and the assistance closes with the first lien like any other purchase. About 41% of Hollywood’s households rent — roughly 25,245 renter households, the pool the program exists for.
Two-to-four-unit homes, owner-occupied
A buyer who lives in one unit of a Hollywood duplex or triplex can use the program on the whole building; the option that allows up to four units makes a house-hacking purchase reachable with the minimum investment covered. Median household income in Hollywood sits near $67,203 on the latest Census estimate.
Condominiums close to work
Condominiums are often the entry point in Hollywood, and the assistance follows the first lien: the building needs FHA approval, or a single-unit approval, before the down payment help can attach to it. The median owner-occupied home value in Hollywood runs near $410,600 on the latest Census estimate.
Manufactured homes on owned land
Manufactured housing on owned land near Hollywood 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 Hollywood is about $1,653 a month — the payment many renters already carry.
Older neighborhoods and renovation loans
In Hollywood’s established neighborhoods, a buyer can use the program with a limited or standard renovation loan, so the down payment help and the repair budget close together. On a home at Hollywood’s median value, the FHA minimum investment comes to about $14,400 — the figure the assistance is built to cover.
Market context only. The option for a Hollywood file comes from the credit tier, the first lien, the property, and the eligibility category, never from the submarket.
Four ways Hollywood buyers put down payment assistance to work.
Down payment assistance in Hollywood, FL is used for more than a first purchase; these are the structures Hollywood buyers ask about most.
Buy a home that needs work with a renovation mortgage
A Hollywood buyer taking on a fixer pairs a limited or standard renovation first lien with the assistance; the help is figured on the purchase price, and the loan covers price plus repairs.
Cover closing costs too on the larger option
The larger option exists for the Hollywood, FL closing where the down payment is only half the problem: it carries the minimum investment and a further share for costs.
Buy a first home with the down payment covered
For a first purchase in Hollywood, the assistance closes the down payment gap; the option is chosen by credit, first lien, and eligibility category.
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 Hollywood, forgivable or repayable by the buyer’s choice and credit.
Size the assistance on a Hollywood price before requesting a quote.
The calculator does what a loan officer’s first pass does for a Hollywood 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.
Hollywood FHA payment with assistance
Illustrative Hollywood inputs; the calculator recalculates on every change.
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.
Illustrative starting assumptions: a $410,000 price near Hollywood’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.
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.
Same buyer, four very different closings.
Down payment assistance is one of four ways a Hollywood buyer covers the minimum investment; each has a different cost after closing.
Assistance on a government loan, saving the minimum, or a gift.
The structure for a Hollywood 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.
For a Hollywood, 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.
Where the property is USDA-eligible or the buyer qualifies for HUD-184, the second-lien options carry the Hollywood file, and the closing costs are what the assistance covers. For the USDA first lien, see the USDA loan program.
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.
What to prepare for a Hollywood scenario review.
The documents a lender reads first on an assistance file.
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.
Local details that can change the loan.
These are the points a lender reads on a Hollywood assistance file before the option is confirmed; each one can move the structure.
Use these checks to keep the Hollywood file clean and fundable.
A clean Hollywood file starts with the option chosen, the first lien matched to the property, and the homebuyer education course completed where it is required.
- Know the option: choose by cost to carry first, amount second.
- Confirm the category: identify the category that opens the nothing-to-repay option.
- Consider a blended score: expect an automated approval, not a manual underwrite.
The option decides what you owe afterward
The same minimum investment can be covered three ways in Hollywood, 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.
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.
Blended scores for two-borrower files
Blending is a qualification tool on the second-lien options and nothing more; a Hollywood file that blends still needs each borrower to have a representative score, and manual underwriting is off the table.
The balloon on the repayable option
The repayable option is the only purchase option that carries a payment; in exchange it covers the most and pairs with a high-balance first lien. Its terms are set by the program, never by this page.
Property type and unit count select the option
The property itself can move a Hollywood, 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.
From a Hollywood pre-approval to keys with the assistance in place.
Four steps take a Hollywood, FL assistance file from a first read to funding; the first one is the one most buyers skip.
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 Hollywood, FL buyer — settled before anything is ordered.
Get the mortgage approved
Lendmire packages the Hollywood 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.
Clear the property
The appraisal, the condominium approval where one applies, the manufactured-home title, and the county loan limit are settled; small repairs go into an escrow holdback where the option allows it.
Close both loans together
The Hollywood 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.
A brokerage that pairs the assistance to the loan.
Down payment assistance is where a generalist stumbles: the options differ by first lien, by credit tier, by unit count, and by state, and the wholesale programs that carry them competently are a short list.
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 Hollywood, FL buyer, not by default.
The mortgage, matched to the property
A Hollywood file is matched to the first-lien program that carries the property — FHA everywhere, USDA or HUD-184 where they fit — and the assistance option follows that choice.
The right wholesale program
A Hollywood file is matched to the wholesale program whose option fits the buyer, and Lendmire manages the first lien and the assistance together through closing.
Trusted by first-time buyers & families alike.
Hollywood down payment assistance FAQs
The questions a Hollywood, FL buyer asks before requesting an assistance review, answered plainly.
Do I have to be a first-time homebuyer?
No option requires it. A Hollywood 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?
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 Hollywood?
Assistance measured as a percentage of the price, in shapes that differ by what you owe afterward: nothing, nothing if the first lien stays current, or a second loan with a balloon. Credit, the first lien, the property, and the eligibility category decide which fits.
Do I have to pay the assistance back?
For a Hollywood 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?
Each option has its own floor, starting in the low six hundreds on the nothing-to-repay option and stepping up on the forgivable and repayable second liens; every borrower needs a score, and two-borrower files may qualify on a blended score on the second-lien options. The snapshot shows the floors in force.
Do I need a homebuyer education course?
Required on one option, optional on the rest; schedule it early if the nothing-to-repay option is the plan.
Can I use the assistance on a second home or a rental?
Primary residences only. Investment properties and second homes are outside the program.
Can I combine this with another assistance program?
The options do not stack with each other or with local, state, or employer programs; a Hollywood buyer eligible for more than one chooses the one that fits best.
What property types are eligible?
A Hollywood home that the first lien accepts and the option’s property rules allow; the property side is checked before the option is confirmed.
What is the rate on the mortgage and on the assistance?
It depends on the first lien, the option, and the file; the rate shown in the calculator is an editable market benchmark, not a quote, and the payment it produces is an illustrative estimate. A scenario review produces the terms.
Place your Hollywood purchase on the right option today.
Start with the price, the first lien you expect, and your credit tier. No credit pull or commitment is required to request an initial scenario review.
This guide covers Hollywood — for the statewide options, categories, and property rules, see Down Payment Assistance in Florida, part of Lendmire’s down payment assistance program.
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