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The Program
The Down Payment Assistance Program provides funds for down payment and closing costs toward new construction or purchase of an existing home. Assistance is for home purchases in Volusia County. Residents of incorporated areas of Daytona Beach and Deltona need to contact their municipalities for similar assistance.
Loan Amounts
Eligible families can receive up to the following maximum awards for down payment assistance and closing costs for each specific area:
Maximum Loan Amounts
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Very low-income
$38,400/$6,000 |
Low-income
$32,400/$5,400 |
Moderate-income
$26,000/$3,000 |
Revitalization Areas
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Very low-income
$42,000/$6,000 |
Low-income
$36,000/$5,400 |
Moderate-income
$30,000/$3,000 |
Applicants are required to contribute toward their down payment. Minimum contributions are:
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Very low-income
$500 |
Low-income
$1,000 |
Moderate-income
$1,500 |
Maximum Purchase Price
The maximum purchase price for new construction (including lot) or an existing home is:
Who is Eligible?
Applicants are eligible for assistance if they have not owned a home within the past three years or foreclosed on a home in the past seven years and whose total gross household income does not exceed limits for family size based on the chart below:
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Income Limits |
Very Low-income Range
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Family Size: |
Maximum Income: |
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1 |
$17,600 |
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2 |
$20,100 |
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3 |
$22,650 |
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4 |
$25,150 |
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5 |
$27,150 |
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6 |
$29,150 | |
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Low-income Range
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Family Size: |
Maximum Income: |
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1 |
$28,200 |
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2 |
$32,200 |
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3 |
$36,250 |
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4 |
$40,250 |
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5 |
$43,450 |
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6 |
$46,700 | |
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Moderate-income Range
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Family Size: |
Maximum Income: |
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1 |
$42,240 |
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2 |
$48,240 |
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3 |
$54,360 |
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4 |
$60,360 |
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5 |
$65,160 |
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6 |
$69,960 | |
How to Apply
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For up-to-date information visit Volusia County's Official website: http://www.volusia.org/community_assistance/default.htm
Contact Maggi Hall (386.717.9991), an approved housing partner. An agent will assist you in locating a lender that works with the downpayment assistance program.
Click Here for more information about the NSP Home Purchase Program - Homebuyer Overview
Click Here for more information about the NSP Home Purchase Program - Affordable Housing Partners
Take an approved Volusia County home ownership class.
Maggi Hall will help you find a home and the lender will submit the appropriate forms to Volusia County.
Once you are approved, the county will send you a letter of commitment. After that the lender will set a closing date with the title company, you, and Maggi Hall .
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