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Home Key Plus 2nd Mortgage Down Payment Assistance

Quick answer

Home Key Plus 2nd Mortgage Down Payment Assistance is a Florida down payment assistance program from Housing Finance Authority of Pinellas County. It provides $10,000 as a deferred-payment loan. It is aimed at first-time buyers. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Eligibility notes

0% deferred non-amortizing second mortgage paired with HFA Home Key first mortgage; veterans may qualify. Effective September 29, 2026.

Where does Home Key Plus 2nd Mortgage Down Payment Assistance apply?

This county-level program is available to buyers in Pinellas County. Cities on our site where it applies:

DetailProgram terms
Assistance$10,000
TypeDeferred-payment loan
Minimum creditNot published on the program page
First-time buyerRequired
Income limits$114,700 (1-2 persons) / $131,905 (3+ persons), non-target areas, 2026

How does Home Key Plus 2nd Mortgage Down Payment Assistance work with an FHA loan?

Florida's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down.

Where do I confirm current terms?

On the official page: https://pinellas.gov/programs/first-time-homebuyer-program/. Programs can pause when funds run out, so confirm availability with a participating lender.

← All Florida down payment assistance programs

Frequently asked questions

$10,000, according to Housing Finance Authority of Pinellas County.

It's a deferred loan — no monthly payments, repaid when you sell, refinance or pay off the first mortgage.

$114,700 (1-2 persons) / $131,905 (3+ persons), non-target areas, 2026

Sources

Data last updated October 25, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.