Homebuyers

• Must qualify for a 30-year first mortgage through a lender
• Household must contribute at least $1,000 toward the purchase
• Home must be located in Largo City Limits (household does not have to currently live in City limits); and
• Household must be income-eligible
• Purchase price cannot exceed maximum the program's maximum purchase price (depends on funding source)
• Home must pass a Uniform Physical Condition Standard (UPCS) inspection
• Property cannot be in a Special Flood Hazard Area
• If purchasing a unit through the City's Affordable Housing Program, the program requires purchase by first-time homebuyers.  The City's Sold on Largo Downpayment Assistance Program for other units does not have this requirement.

To get started, call one of the City's program administrators:
Suncoast Housing Connections at (727) 442-7075 or Tampa Bay Neighborhood Housing Services at (727) 442-4155

Additional downpayment opportunities may also be available:

• Pinellas County - (727) 464-8210

• Pinellas Housing Finance Authority - (727) 223-6419

Income Limits by Household Size (based on Tamp-St. Pete Area Median Income (AMI))

Income Level	1 Person	2 People	3 People	4 People	5 People	6 People
50% Median Income*	$33,450	$38,200	$43,000	$47,750	$51,600	$55,400
80% Med. Income*	$53,500	$61,150	$68,800	$76,400	$82,550	$88,650
81-120% Med. Income	$80,280	$91,680	$103,200	$114,600	$123,840	$132,960
121-140% Med. Income	$93,660	$106,960	$120,400	$133,700	$144,480	$155,120

*Income limits for 50% and 80% median income go into effect on  May 1, 2024.

Maximum Purchase Prices
The Maximum Purchase Price is different for the two funding sources used by the City.  The majority of funding available for downpayment assistance comes from the Home Investment Partnership (HOME) Program, which is listed below for the Maximum Purchase Price.  Your household must still be able to qualify for a first mortgage through a lender and then lender may qualify your household at a lower purchase limit than the limit listed below (what is affordable to your household). 

• HOME Program Maximum Purchase Price: $342,000
• SHIP Program Maximum Purchase Price: $349,525.80

Not sure if you are ready to buy a home? Completing a homebuyer class and using the free housing counseling services will help you explore the homeownership process and prepare you for buying a home.

Applicants for the Sold-on-Largo and Affordable Housing Development Homebuyer Assistance programs must complete a Homebuyer Education class and a one-on-one housing counseling session for eligibility for the program.  The City contracts with the agency below to provide the class and counseling: Visit the links below for more information.

Homebuyer Classes:

• Suncoast Housing Connections

Household Budgeting/Credit Counseling:

• One-on-One counseling is available through Suncoast Housing Connections to help prepare you for homeownership.

Homebuyer education certificates from other HUD-approved housing counseling agencies will be accepted.  Please visit the HUD Housing Counseling website to find other approved agencies.

Clases para el Comprador de Casa:

Si usted está interesado en nuestro taller en español para el horario de clases y el registro, llame al (727)442-7075 a Suncoast Housing Connections or llame al (727) 442-4155 a Tampa Bay Neighborhood Housing Services.

Para Más Información:  Suncoast Housing Connections  o Tampa Bay Neighborhood Housing Services

Se requieren clases para la asistencia de pago inicial.

Asesoramiento de Vivienda y Crédito:

• Mejurar su Crédito
• Hacer un Presupuesto
• Establecer Metas Financieras

Para Más Información:  Suncoast Housing Connections o Tampa Bay Neighborhood Housing Services

Servicios Legales:

Para servicios legales (desalojo, discriminación) en sue lenguaje, contacte a:

Gulf Coast Legal Services (Legal Services)

Pinellas County Office of Human Rights

First-Time Homebuyer Key 1st Mortgage
Pinellas Housing Finance Authority offers up to $7,500 toward downpayment and closing costs.  This can be used with the City's Sold on Largo program.  When you apply for the City's program, ask about this program through the Housing Finance Authority funding as well. Pinellas County Purchase Assistance Program

Florida Hometown Heroes Housing Program
This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers to purchase a primary residence in the community in which they work and serve.

The Florida Hometown Housing Programs makes homeownership affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans. For more information and eligibility requirements visit: Hometown Heroes (floridahousing.org)

Housing Choice Voucher to Homeownership
Do you already receive a Housing Choice Voucher from Pinellas County Housing Authority?  If so, the Housing Authority has a program that can help apply your voucher toward your monthly homeownership cost so that you can reach your dream of homeownership.