Brevard County offers first-time buyers up to $75,000 (very low income, 50% AMI or less) or up to $60,000 (low income, 51-80% AMI) as a 0% deferred payment loan, administered by Community Housing Initiative (C.H.I.). Status: funding-dependent. The County page doesn't say whether it's open, so call C.H.I. at (321) 253-0053 before you sign a contract.
Purchase Assistance Program
Limited funds
Brevard County
Amount
Up to $75,000 (very low, ≤50% AMI); up to $60,000 (low, 51-80% AMI)
Kind of help
Deferred loan, due at sale or refinance
Who it's for
First-time buyers (no ownership in 3 years), very low and low income
Price cap
Max sales price limits apply (not listed)
First-timers only
Yes
Also note
30-yr fixed first mortgage; liquid assets ≤$15,000; 5-hour education; $500/$1,000 minimum contribution; front/back ratios 34%/42%; no manufactured homes
0% deferred payment loan (repayable for moderate income). Contact C.H.I. (321) 253-0053. Page does not state open/closed status.
Want a heads-up? Purchase Assistance Program draws from a limited pot that can empty out. We'll tell you when a new round is funded.
Check funding before anything else
The County program page lists terms but no open or closed date. Because SHIP-style purchase help is limited each year, confirm with C.H.I. that money is available and ask how long the queue is. Palm Bay's separate purchase program is run from a waiting list by the same agency.
How the loan works
Assistance is a 0% deferred payment loan with nothing due monthly. The County notes it is repayable for moderate-income households; the very low and low tiers listed here are the ones with stated award amounts. Ask C.H.I. for the exact repayment or forgiveness terms that apply to your tier.
Who qualifies?
First-time buyers: no ownership in the past 3 years.
Very low or low income (to 80% AMI).
Liquid assets no more than $15,000.
A minimum contribution of $500 or $1,000.
Housing and total debt ratios no higher than 34% and 42%.
A 30-year fixed first mortgage, a 5-hour education class, and a home within the County's maximum sales price (not listed on the page). No manufactured homes.
With Hometown Heroes and Home Sweet Home
Hometown Heroes allows another agency's stand-alone DPA in third position; a participating lender confirms whether Brevard will accept that. The Hillsborough HFA's Home Sweet Home pays $15,000 in Brevard with its FHA, VA or USDA first mortgage and is open; whether County help can sit behind it is also a lender question.
Who the Brevard program suits
The $15,000 liquid asset cap and 34%/42% ratios point this program at very low and low income households with modest savings. The 5-hour class and 30-year fixed first mortgage are firm requirements. Because the County's maximum sales price isn't printed on the page, ask C.H.I. for it before you start looking, along with the repayment terms for your tier and the expected wait for an award.
Starting the homebuyer class early helps, since the 5-hour course is required before closing and dates can fill up.
Our summary of the official program page as of November 2026. Funding and terms change; get the current version from the program or a participating lender. Florida Down Payment Assistance has no tie to this program.
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When this program restarts, you'll be among the first to know. Meanwhile, want to see what's open today?
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