The City of Coconut Creek
Purchase Assistance Program
The Purchase Assistance Program is designed to provide down payment, closing cost, principal reduction, rehabilitation and other costs associated with purchasing a new or existing eligible home. (The purchase assistance program does not reimburse applicants for purchases made before an applicant received approval). Persons can apply for this program if they wish to live in Coconut Creek. If you are interested in purchasing a house not in Coconut Creek, many cities in Broward County have similar purchase assistance programs. Please contact them directly.
Program Requirements
- Must not owned a home, in whole or in part, within the last 3 years*
- Have reasonably good credit
- Meet the program’s current state and federal income guidelines
- Very, Low, and Moderate Income Persons (Limited funds exist for moderate income persons.)
- Applicants are selected on a first-come, first qualified, and first served basis with income groups
- Homeowners who have received any form of grant assistance from the City, cannot re-apply for (5) years. (Effective July 1, 2004)
- Must sign the City’s Second Mortgage. The City’s Mortgage is forgiven after 10 years and is not written down on a yearly basis. Effective March 15, 2006
*Others that may qualify as first-time home buyers are:
- Single parents with children under the age of 18 who has recently been divorced and displaced
- A displaced victim of domestic abuse
- A person displaced as a result of governmental action