Marion County Down Payment Assistance
Up to $100,000 to Buy Your First Home
Designed exclusively for Marion County residents, this program provides substantial financial support to help you secure your first home. Discover if you qualify in under 60 seconds.
Equal Housing Opportunity | State Approved
FINANCIAL ADVANTAGES
More Than Just A Down Payment
Our assistance is designed to reduce your overall financial burden, making homeownership both accessible and sustainable for your family's future.
Better Interest Rates
Qualify for competitive financing terms that keep your monthly mortgage payments manageable and predictable long-term.
Closing Costs Covered
Keep your savings intact. A portion of the funds can be directly applied to your appraisal fees and closing expenses.
Low Out-of-Pocket
Move into your new home without draining your bank account, preserving your emergency funds for when you need them.
HOW IT WORKS
Your Path to Ownership
01
Take the Survey (60 seconds)
Find out your eligibility instantly without affecting your credit score.
02
Expert Consultation
Review your options with an approved Marion County mortgage specialist.
03
Get the Keys
Secure up to $100,000 for your down payment and close on your dream home.
MAXIMUM ASSISTANCE
$100,000
Based on current program availability. Complete the survey to check your status instantly.
PROGRAM CRITERIA
Are You Eligible?
Review the checklist below to see if you qualify for up to $100,000 in assistance. If you meet these core requirements, you're ready to take the next step.
Must be a first-time homebuyer (no ownership in the last 3 years)
Purchasing a primary residence located in Marion County
Household income falls within current eligible brackets
Minimum credit score of 580 required
SUCCESS STORIES
From Renters to Owners
QUALIFY TODAY
Claim Your $100,000
Take the first step toward homeownership in Marion County. Complete our 60-second eligibility survey.
What Happens Next?
- Complete the 60-second survey
- Instantly see your eligibility status
- Get matched with approved funds
SECURE & TRUSTED
State Approved Program
Equal Housing Opportunity
TRANSPARENCY FIRST
Answers to Your Questions
How does the repayment process work?
In many cases, the down payment assistance is provided as a forgivable loan or a deferred second mortgage, meaning you may not have to make monthly payments. Specific repayment terms depend on your unique qualifications and the exact program you are matched with.
What are the minimum credit score requirements?
While specific requirements vary by lender and program, most successful applicants have a credit score of 580 or higher. However, we encourage you to apply even if you're unsure, as there are multiple pathways to approval.
Where do the assistance funds come from?
Funds are sourced from approved local and state programs, including the Marion County housing initiatives, designed specifically to help first-time buyers transition from renting to owning.
Can I use the funds for closing costs as well?
Yes, in many instances, the awarded funds can be applied toward both your down payment and eligible closing costs, significantly reducing your out-of-pocket expenses at the closing table.
What happens if I sell the home before the terms end?
If the assistance is structured as a forgivable loan and you sell or refinance before the forgiveness period ends, a portion of the funds may need to be repaid. We ensure full transparency on these terms before you commit.
3850 e Gulf to Lake Hwy Suite 2 Inverness, FL 34453
(352) 344-2216 | [email protected]
Southern Mortgage Associates is an Equal Housing Opportunity provider. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, or age. NMLS Identifier: #2707435 | Program terms and conditions are subject to change without notice. This is not an offer for extension of credit or a commitment to lend.
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