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Homebuyer Assistance 2026

Glades County Down Payment Assistance Program

Get up to $20,000 toward down payment and closing costs on a home in Glades County. Eligible buyers can receive a 0% deferred loan with 10% forgiven each year over ten years.

Eligibility, property approval, and available funding required.

Up to $20,000 Maximum Purchase Assistance
Down Payment & Closing Costs
10-Year Loan 10% Annual Forgiveness

Program Guidelines & Assistance Levels

Glades County purchase assistance helps eligible households cover the cost of buying a home. Assistance is funded through Florida's State Housing Initiatives Partnership (SHIP).

Available Assistance

  • Very-Low & Low-Income Buyers

    Up to $20,000 for purchase without rehabilitation.

  • Moderate-Income Buyers

    Up to $15,000 for purchase without rehabilitation.

  • Homes Needing Repairs

    Separate purchase-with-rehabilitation awards can reach $60,000 for very-low/low-income buyers or $35,000 for moderate-income buyers, including approved repairs.

Core Requirements

  • Buy an eligible home in Glades County and occupy it as your primary residence within 30 days.
  • Meet household income limits for the very-low, low, or moderate-income category.
  • Complete a HUD-approved homebuyer education course.
  • Obtain mortgage preapproval and a purchase contract; owner financing is not eligible.

Path to Homeownership: 4 Key Steps

Get your financing, documents, and program application ready for a home in Glades County.

1

Get Mortgage Preapproval

Review your mortgage qualifications and budget with a lender. Owner-financed purchases are not eligible.

2

Complete Education

Take a HUD-approved homebuyer education course and keep your completion certificate.

3

Apply for Assistance

Provide the county with income records, mortgage preapproval, a purchase contract, and the required application.

4

Complete Your Purchase

Obtain property and assistance approval before closing, then move into your primary residence within 30 days.

Why Utilize Down Payment Assistance?

Your down payment is only part of the cost of buying a home. Glades County purchase assistance can help with eligible upfront costs so you can plan your next move.

  • Reduce Your Cash to Close

    Use approved assistance toward your down payment and closing costs, while meeting your lender's and the program's cash requirements.

  • Buy a Home of Your Own

    Bring your mortgage and purchase assistance together for an eligible primary residence in Glades County.

  • Earn Loan Forgiveness

    Meet the program's loan and occupancy conditions to have 10% of your assistance forgiven each year over ten years.

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Frequently Asked Questions

Answers about buying a home with Glades County purchase assistance.

How much purchase assistance can I receive in Glades County?

For a purchase without rehabilitation, eligible very-low and low-income buyers may receive up to $20,000. Moderate-income buyers may receive up to $15,000.

Can the program help with a home that needs repairs?

Yes. Purchase-with-rehabilitation awards may total up to $60,000 for very-low and low-income households or $35,000 for moderate-income households. These totals include approved repairs; they are not all down-payment cash.

What are the 2026 income limits?

For a four-person household, the very-low-income limit is $39,150, the low-income limit is $62,600, and the moderate-income limit is $93,960. Other household sizes have different limits.

Is the assistance a grant?

No. It is a deferred loan secured by the property with a ten-year term. The loan carries 0% interest while in good standing, and 10% is forgiven annually when program conditions are met.

What happens if I sell before ten years?

An unforgiven balance may become due if the home is sold or program conditions are not met. The plan also provides for 4% interest upon default. Review the loan documents before closing.

Do I need homebuyer education?

Yes. Buyers must complete a HUD-approved homebuyer education course. You will also need mortgage preapproval and a purchase contract for the program review.

What homes can qualify?

Eligible single-family homes and qualifying modular homes can be considered. Manufactured or mobile homes built in 2005 or later may qualify if they meet program and property-condition requirements.

Can I buy an owner-financed home?

No. Owner financing is excluded. Your mortgage and assistance financing must meet the county's program requirements.

When do I need to move into the home?

The property must be your primary residence, and you must occupy it within 30 days. Continuing occupancy and other loan requirements apply throughout the assistance term.

Does this inquiry reserve county funds?

No. Next Wave Mortgage can review your homebuying and financing options. A separate county application and award approval are required, and assistance depends on available funding.

Make a Plan for Your Home Purchase

Bring your mortgage preapproval, homebuyer education, and purchase budget together. Assistance requires county approval and is subject to available funding.

Check Your Eligibility