SOLD ON LARGO – DOWNPAYMENT ASSISTANCE PROGRAM

Up to $55,700 Available

The City’s downpayment program seeks to help households reach the dream of homeownership

The program can help with a 0% interest rate, 20 year deferred payment mortgage loan.

  • Up to $55,700 toward down payment/closing costs for households below 80% median income
  • Up to $40,000  toward downpayment/closing costs for households with income between 81-120% median income (Limited funding available for this income level)
  • Up to $15,000 toward downpayment/closing costs for households with income between 121-140% median income (Limited funding available)
  • Additional down payment funds may be available through State Bond Program
  • Income levels available to serve may be limited by funding availability throughout the year
Plastic toy house sitting on top of a stack of money

General Eligibility Requirements

  • Household is a first-time homebuyer (have not owned a home in the past 3 years); or
  • Lost  primary home to a natural disaster and want to purchase a home (even if owned home less than 3 years ago); or
  • Is fleeing from domestic violence and want to purchase a home  (even if owned home less than 3 years ago); and
  • Household must contribute at least $1,000 toward the purchase
  • Home must be located in Largo City Limits (household does not have to currently live in City limits); and
  • Household must be income eligible

To get started, call us at  727-254-5353

Additional downpayment opportunities may also be available:

Pinellas County – 727-464-8210

Pinellas Housing Finance Authority – 727-223-6419

Book of requirements
Couple shaking hands to make a deal on a house

Homebuyer Education & Counseling

Not sure if you are ready to buy a home? Completing a homebuyer class and using the free housing counseling services will help you explore the homeownership process and prepare you for buying a home.

Applicants for the Sold-on-Largo program must complete a Homebuyer Education class, Financial Fitness class, and a one-on-one housing counseling session for eligibility for the program.  The City contracts with NFDM to provide these classes/counseling.

Homebuyer Classes at www.HomeBuyerCert.org:

This counseling is FREE (Use LARGO as the Coupon Code)

Household Budgeting/Credit Counseling:

One-on-one counseling is available through NFDM to help prepare you for homeownership.

FREE Online Education

We offer Online Homeownership Housing Counseling and Education Certification Program as a convenience to those potential home buyers whose schedules or circumstances do not allow them to attend regular classes and one-on-one homeownership counseling

Use LARGO as Coupon Code – No Cost