NMLS #372580

​​​​​Tallahassee Lenders' Consortium, Inc

dba TLC 

Down Payment Assistance Limits

The Tallahassee Lenders' Consortium (TLC) provides down payment assistance from Leon County to first-time home buyers. It pays for some of your down payment and closing costs up to $7,500 (120% AMI or below) and up to $10,000 (80% AMI or below) for homes purchased in the County (Leon) limits. As the homeowner, you are required to put $500.00 of  your own monies in. It’s best to save around $1200- $2000 for other out of pocket pre-purchase expenses related to the purchase.

If 203K (Renovation) loan, amounts go up to $15,000 (50% AMI or below) and up to $10,000 (max AMI limit 120%). The intake counselor will determine whether you meet these guidelines.

The down-payment is secured by a second or third mortgage loan at zero interest with no required payments. The loan is due back in payments of $500 or greater, and payable upon :

1. Sale                                                    
2. Refinance    
3. No longer occupies as primary residence 
4. Maturity of first mortgage (Typically 30 years)
5. Abandonment

6. Bankruptcy

7. Foreclosure

Sales Price Limits
The program limits the sales price of homes.  Existing homes may not exceed the price of $294,601 and new home construction may not $294,601.

Income Limits

Income CategoryPersons In Household

Extremely Low30% of AMI $16,050$18,350$20,650$22,900$24,750$26,600$28,400$30,250
Very Low50% of AMI$26,750$30,550$34,350$38,150$41,250$44,300$47,350$50,400
Low80% of AMI$42,750$48,850$54,950$61,050$65,950$70,850$75,750$80,600
Moderate120% of AMI$64,200$73,320$82,440$91,560$99,000$106,320$113,640


Ifyour annual household income exceeds the limits listed above, you will not qualify for the County's down payment assistance program.

Funding for applicants with household income that exceeds 80% of the Area Median Income (Moderate) is extremely limited and may not be available at this time. 

Certificate of Occupancies for new homes must be provided prior to closing.  Existing homes must receive repairs or rehabilitation required for safe and sanitary habitation, correction of substantial code violations, or the construction of additional living space.  The repairs or rehabilitation may be paid by an FHA 203K loan, the seller, the buyer or another source within 12 months prior to closing or within ninety (90) days after closing.

How to Apply

The first step is to complete the Leon County Housing Services online application via its Neighborly systemYou must use one of TLC's approved Member Lenders. Your lender will know how to apply for the Leon County Down Payment Assistance program. You just need to make sure you let your lender know that you wish to utilize down payment assistance through The Tallahassee Lenders' Consortium. Your lender will submit to us a Reservation Packet on your behalf and one of our Homeownership Specialist will contact you to schedule your first appointment for DPA.  For questions, contact:

Quinton Williams

Loan Originator, NMLS# 1621367


850-222-6609 x109