Income Guidelines

Most of the programs offered through the City of Tampa’s Housing and Community Development (HCD) Division are income based.  Below please find the current income guideline chart.

For the complete Federal HUD Income and Rent Limits visit Housing and Urban Development.

For the complete State Income and Rent Limit Charts visit Florida Housing.

The City of Tampa offers down payment assistance loans to income eligible home buyers of property within the City limits of Tampa. The loan is in second position behind primary financing from a mortgage lender and is typically known as a “silent second” because of the 0% rate and $0 monthly payment. The Deferred Payment Loan (DPL) can remain “silent” as long as the property continues to be the owner’s primary residence and owner occupied. The program provides up to $14,999 to assist income eligible first time homebuyers to achieve the dream of homeownership. Here are the basic highlights of the City-Wide Mortgage Assistance Program:

  • Potential buyer must begin process with one of the four approved Housing Counseling agencies and MUST NOT be under contract before receiving a reservation number. The Counseling agency will provide education, complete application with client and collect documentation (See attached list of approved agencies).
  • $14,999** Max award. Down payment: up to 20% of the purchase price or $10,000 whichever is less, toward the down payment. Closing costs: 50% of closing costs up to a maximum of $4,999, whichever is less.
  • Fully Forgivable after 5 yrs., assuming still owner occupied.
  • Income calculated based on HOUSEHOLD income, not just the loan applicant.
  • Household income must be at or below 140% Area Median Income (AMI).
  • Debt ratios of 33/41%. Mid-Credit Score of 600.
  • Maximum purchase price is $226,926.00.
  • Minimum of $2,000 investment from the borrower with at least $1,000 from borrower’s own verifiable funds. The additional $1,000 may include POC’s (appraisal, inspections, etc.)
  • Loan types are flexible – Includes fixed and fully amortized products: FHA, VA and Conventional Affordable Housing Products allowed; ARM loans are not allowed.
  • A full independent Home Inspection by the Buyer & an HQS Inspection by the City are required before closing.
** Not All Buyers Will Qualify For The Max Award; Depends On Need *
2019 Income Limits as of 04242019


The City of Tampa’s Housing and Community Development Division (HCD), through its Housing Counseling Agency partners, will be providing Homebuyer Education classes (English and Spanish), Homebuyer Counseling services and a Mortgage Assistance Program for qualified homebuyers. To participate, contact any of the following housing counseling agencies to begin the process: 

 

Participating Housing Counseling Agencies:

Catholic Charities
2021 E. Busch Blvd.
Tampa, FL 33612
(813) 631-4370

Housing & Education Alliance
9215 N. Florida Ave., Ste. 101
Tampa, FL  33612
(813) 932-HOME (4663)

CDC of Tampa, Inc.
1907 E. Hillsborough Ave., Ste. 100
Tampa, FL 33610
(813) 231-4362

R.E.A.C.H.
4006 S. MacDill Ave.
Tampa, FL 33611
(813) 397-6208
Center for Affordable Homeownership
5301 W. Cypress St.
Tampa, FL 33607
(813) 341-9101  
Solita’s House, Inc.
3101 E. 7th Ave.
Tampa, FL 33605
(813) 425-4847