City of Largo, Florida

Sold on Largo

This program offers up to $25,000 for a down payment/closing cost assistance second mortgage to help residents become first-time homeowners. It means a more affordable monthly payment and a low down payment. This loan carries 0% interest, and doesn't require repayment until you, sell the home; payoff or refinance your first mortgage, are no longer owner-occupant in the home; or after 20 years.

Requirements

Attend a mortgage class, pre-qualify for a mortgage with a participating lender, find a house, and submit a Sold On Largo application for the second mortgage to cover down payment/closing costs.

Eligibility

1. First-time home buyers (not owned a home in last three years)
2. Gross family income must not exceed program limits
   
3. Property must be within the City limits of Largo
   
4. Maximum purchase price $190,000
5. House must pass Section 8 Housing Quality Standards Inspection
6. House must not be located within a flood plain
   

News and Announcements

• Largo Community Development Helps Residents Overhaul Their Homesteads
  Published: Friday, March 08, 2013
  Just because your money well is dry, doesn't mean those necessary home repairs can't get done. The City of Largo's Housing Rehabilitation Program provides low or no-interest loans to e...
• Find your way to Home Ownership!
  Published: Tuesday, August 02, 2011
  

Related Pages

• Community Development Customer Service Assistance

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• Business: (727) 586-7489 x 7314
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