Mortgage and Lending

Pasco County has received $55 million from the Department of Housing and Urban Development to help homebuyers purchase foreclosed and abandoned homes in order to stabilize neighborhoods.

Pasco County is using these funds to assist homebuyers with their down payment and closing costs so they can get into a safe, decent and standard home. This is a program for homebuyers, not investors. We want more homeowners in Pasco County.

Who is eligible for this program?

Applicants who make less than 120% of the median income for the Tampa Bay area may apply for assistance. This is adjusted for family size. Currently, this is as follows:

Family Size: 1 Person- Low Income: 19,900 Moderate Income: 47,760

Family Size: 2 Person- Low Income: 22,750 Moderate Income: 54,600

Family Size: 3 Person- Low Income: 25,600 Moderate Income: 61,440

Family Size: 4 Person- Low Income: 28,400 Moderate Income: 68,160

Family Size: 5 Person- Low Income: 30,700 Moderate Income: 73,680

Family Size: 6 Person- Low Income: 32,950 Moderate Income: 79,080


You do not have to be a first-time home buyer to participate in this program, nor be a current Pasco County resident. You must attend a County-sponsored Homebuyer class in order to receive assistance, and before you sign a contract to buy a house.

The Pasco Opportunity Program (POP) is a partnership between Pasco County and several not-for-profit agencies. These agencies buy homes, have them repaired, and make them available for sale.



How do I apply for assistance?

In order to apply for assistance, you must apply through one of the partner financial institutions that have signed agreements with the County. Lenders must agree to certain requirements of the NSP, and sub-prime loans are not allowed. When you apply for a mortgage loan at one of these financial institutions, they will make an initial determination on whether you need and are eligible for Pasco NSP funds. If you do, they will reserve funds in your name with the Community Development Division. You do not apply through the County for these funds.

How much County money can I borrow?

The amount of County funds that are available first depends on how much the financial institution is able to lend you and how much you can put down. There is a limit on how much can be lent, depending on your income level and your occupation:

Low Income:   50% of Sales Price                      Moderate/Middle Income:  $20,000

If you are an essential service employee, you may qualify for an additional $10,000. Essential service workers are defined as government employees, School Board employees and other educational employees, including private education and higher education, law enforcement personnel, active military and retirees; and health care workers.

Do I have to put any of my own money into the purchase?

You do have to put some of your own money into the purchase of the house. We do not differentiate between your down payment, closing costs, or other pre-paid items. The amount that you will have to put down depends on your income level and the sales price of the house:

Income Level     Minimum Investment

Low Income:                      $500

Moderate Income:          $1,250


Do I have to pay these Pasco County funds back?

The funds that come from Pasco County will be in the form of a 0% interest loan. They will have to be paid back to the County. The funds that are paid back will help other families buy homes in the future. The term of the payback is variable depending on your ability to pay. You will have a term of up to 30 years to pay off your loan. If Pasco County determines that you cannot afford to pay back the loan immediately, the loan will be deferred for five years. At the end of that time you will start making payments.


Jerry Ballentine of Bay to Bay Lending lives is New Port Richey and is an approved lender with Pasco County. He has helped dozens of his clients realize the American dream of home ownership utilizing the Pasco County Down Payment Assistance programs. He can be reached via phone at 727-919-6820 (mobile), 813-549-7867 (office) or via email at For more information, visit Bay to Bay lending on the web at 


Comments (0)