A $10,000 second mortgage at 0% interest with no monthly payments. For income-qualifying Florida buyers.
Written by Renzo Johnson, Licensed MLO · NMLS #PENDING · Last updated: February 2026
- $10,000 second mortgage
- 0% interest rate
- No monthly payments (deferred)
- Repaid when you sell, refinance, or pay off the first mortgage
- Must use with FL Housing first mortgage (HFA Preferred or HFA Advantage)
- First-time buyer requirement
- Income limits apply by county
- Can be combined with Mortgage Credit Certificate for maximum benefit