HFA Preferred / HFA Advantage

Below-market interest rates plus down payment assistance through Florida Housing Finance Corporation.

Written by Renzo Johnson, Licensed MLO · NMLS #PENDING · Last updated: February 2026

  • Below-market interest rates
  • Reduced mortgage insurance (MI)
  • Combine with FL Assist ($10,000) or Hometown Heroes (up to 5%)
  • HFA Preferred (Fannie Mae) and HFA Advantage (Freddie Mac)
  • First-time buyer requirement (3-year rule)
  • Income and purchase price limits by county
  • Must use FL Housing-approved lender
  • 30-year fixed rate mortgage