Elegant Loans - Wholesale Mortgage Brokerage

Independently owned & operated. We treat clients like family.

  • Learn
    • Welcome to Elegant Loans
    • The Steps
    • How Much Is Monthly Payment?
    • How Much Is Cash to Close?
  • Products
  • Get Approved!
    • Complete Application!
    • Check Credit!
    • Submit Documents!
  • About
    • Company
    • People
      • Michael A. Melnyk
    • Donate
    • Contact
  • Español

Call or Text Us Now
(813) 303-LOAN

  • Facebook
  • Twitter
You are here: Home / Down Payment Assistance

Down Payment Assistance

Down Payment Assistance

WHAT PROGRAMS ARE AVAILABLE THROUGH ELEGANT LOANS?

•  Hometown Heroes
850-488-4197 – Click here for more info

•  City of Tampa – “Dare to Own the Dream” (DARE)
813-274-7940 – Click here for more info

•  City of Tampa – East Tampa CRA Down Payment Assistance Program
813-274-7940 – Click here for more info

•  Pinellas County – SHIP
727-464-8210 – Click here for more info

•  City of Orlando – Down Payment Assistance Program
407-246-2708 – Click here for more info

•  Orange County – Down Payment Assistance Program
407-836-5174 – Click here for more info

•  Realtors Care Foundation – Home Buyers Grant Program
813-310-8200 – Click here for more info

GENERAL PROGRAM REQUIREMENTS:

  • Minimum 620 Credit Score
  • Maximum 49.99% Debt-to-Income Ratio
  • Complete all requirements for Conventional or FHA loan
GENERAL ELIGIBILITY:
Only one of the borrowers must meet one of the following criteria:
  1. FIRST-TIME HOMEBUYER  – not owned a residential property in last three years (since date of application)
  2. INCOME – household income equal or less than 140% of area median income (based on property location)
  3. ZIP CODE OF HOME IS LOCATED IN AN UNDERSERVED CENSUS TRACT (entire zip code is eligible if any area is in an underserved census tract)
  4. HERO STATUS (past / present / future) 
    – FIRST RESPONDER (police officer, firefighter, paramedic, EMT)
    – EDUCATOR (includes sunday school teacher, tutor, day care provider)
    – MEDICAL (nurse, doctor, phlebotomist, hospital worker)
    – CIVIL SERVANT (in federal, state, or local municipality)
    – MILITARY/VETERANS (including all active, reserve, and veterans of US Army, US Navy, US Air Force, US Marine Corps, US Coast Guard, US National Guard)
WHO SHOULD APPLY?
The program is designed for borrowers that are unable to buy a home because they do not have any other way to obtain funds for the downpayment.  If you can receive a gift from a relative for your downpayment, then you should use those gift funds instead of participating in this program.

HOW TO APPLY?
Click Here:  https://elegantloans.com/dpa-application/
  • Facebook
  • Instagram
  • Twitter
  • YouTube
  • Better Business Bureau

© 2023 Elegant Loans, Corp.
5811 Memorial Hwy #201
Tampa, FL 33615
+1 727 734 5051
Legal Disclosures