Helping you build an affordable future

 

   NMLS #372580

​​​​​Tallahassee Lenders' Consortium, Incd/b/a TLC

 

Call Us:  850.222.6609x100

Leon County Limits
Leon County - Regular up to $10,000
Leon County - 203k up to $15,000

How Our Process Works

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Tallahassee City Limits
Up to $7,000 Maximum
Up to $12,000 less than or equal to 50% AMI


The Tallahassee Lenders' Consortium (TLC) provides down payment assistance from the City of Tallahassee and Leon County to first - time home buyers like you.


Program Requirements:

There are only a few requirements to be eligible for this program:

  • You may not have owned a home for the last three years, unless you are a displaced homemaker, or your home has been determined to be substandard.
  • You must occupy the home that you buy.
  • Must contribute $500 of your own funds.
  • In order to qualify for down payment assistance, the home you buy cannot be be a mobile home or duplex.
  • You can not earn more than the income limits listed below per household:
City of Tallahassee Down Payment Assistance Limits
Size
1
2
3
4
5
6
Income
37,75043,150
48,550
53,900
58,250

62,550


Leon County Down Payment Assistance Limits

  Size   123456
Income          56,640    64,800   72,840   80,880   87,360    

93,840   








PLEASE NOTE: These figures are your GROSS income - before taxes. These figures are subject to change annually.


DOWN PAYMENT ASSISTANCE:

The down payment assistance provided is in the form of a second mortgage loan. No interest is charged and no payments are due on the loan until any one of four things happen:

  • You sell your home
  • You refinance your home
  • You repay your loan after 30 years
  • You rent your house and are no longer living it

If any one of these four things happens, you will be required to pay off the second mortgage.



DOWN PAYMENT ASSISTANCE COVERAGE & LIMITS:

TLC's Down Payment assistance covers:

First Time Home Buyer