The Strategy
In today’s market, sellers are paying to help buyers close — closing costs covered, rates bought down. We structure your loan to take every dollar of it.
Programs That Can Help You Buy in Sarasota
Up to $35,000 toward your down payment and closing costs (5% of your first mortgage) as a 0% interest deferred loan — no monthly payments. For first-time buyers who work in Florida in healthcare, education, first response, public safety, childcare or corrections, plus active military and veterans. 640 minimum credit score; income limits apply; must use a Florida Housing first mortgage.
$10,000 toward your down payment and closing costs from Florida Housing — 0% interest, deferred for 30 years, no monthly payments.
0% down and no monthly mortgage insurance for eligible veterans, service members and surviving spouses.
10% of the purchase price toward your down payment — 15% for very-low-income households — up to $45,000, as a 0% deferred loan with no monthly payments. Income limits apply, and Sarasota County added $1.7 million in new SHIP funding in 2026. Buying inside the City of Sarasota? Assistance follows your property’s jurisdiction — city purchases may qualify under city/county SHIP rules.
Frequently Asked Questions
Does assistance have to be repaid?
Most listed assistance is a 0% deferred loan: no monthly payments, with repayment generally due on sale or refinance. Exact terms vary by program.
Do I need perfect credit?
No. Florida Housing programs start at a 640 minimum credit score, and we check your full situation before you shop.
Can programs stack?
Often, yes. Stacking is subject to eligibility, income and property requirements, and lender approval.