Your Melbourne Mortgage Lender — Home Loans, Refinancing & Pre-Approvals

Down Payment Assistance Programs in Melbourne, FL — Home Loans & Pre-Approvals

Nick Lazarevic (NMLS #386391) with 1st Capital Group serves Melbourne and all of Brevard County with conventional, FHA, VA, and specialty loan programs. Situated on Florida’s Space Coast, Melbourne offers beachside living alongside a thriving aerospace and defense employment base. Get pre-approved in as little as 24 hours.

Down Payment Assistance Programs in Melbourne

Melbourne buyers have access to statewide DPA programs plus Brevard County local assistance that can be combined for $45,000+ in total help toward your down payment and closing costs.

Statewide Programs Available to Melbourne Buyers

Hometown Heroes: Up to $35,000 — 0% interest deferred loan, no monthly payments. For teachers, nurses, first responders, military, and 50+ eligible professions.
FL Assist: Up to $10,000 — 0% interest deferred second mortgage, no monthly payments.
FL HLP: Up to $10,000 — 3% interest, 15-year repayment.
Salute Our Soldiers: Up to $35,000 — for veterans and active military. Veterans don’t need to be first-time buyers.

Brevard County Local Programs

Brevard County receives SHIP funding from the state and may offer additional local DPA programs. Program amounts and availability change throughout the year. I track which programs are currently funded and accepting applications in Melbourne and the surrounding area.

Melbourne DPA Stacking Example

Hometown Heroes: $35,000 (state)
FL Assist: $10,000 (state)
Brevard County SHIP/local programs: varies
Total potential: $45,000+ depending on local availability

I specialize in finding and stacking every DPA program you qualify for. Contact me for a personalized breakdown based on your income, occupation, and where you’re buying in Melbourne.

2026 Conforming Loan Limit

The conforming loan limit for Brevard County in 2026 is $832,750.

Frequently Asked Questions

Can I use a VA loan on the Space Coast?

Yes. VA loans are commonly used throughout Brevard County thanks to Patrick Space Force Base and the area’s large defense contractor workforce. VA loans offer zero down payment and competitive rates.

What down payment assistance is available in Melbourne?

Statewide programs like Hometown Heroes (up to $35,000) and FL Assist ($10,000), plus Brevard County SHIP funding. These can often be stacked.

Melbourne & the Space Coast Housing Market

Brevard County’s housing market is driven by the aerospace industry — Kennedy Space Center, SpaceX, L3Harris Technologies, and Northrop Grumman all operate here, creating well-paying technical jobs that fuel housing demand. Melbourne, Palm Bay, and the beachside communities of Cocoa Beach and Satellite Beach attract a mix of engineers, military families, retirees, and surfers. The area offers significantly lower prices than South Florida with actual beach access, making it increasingly popular with remote workers and relocaters. Viera, a master-planned community in central Brevard, has become a hub for families.

Available Loan Programs

Conventional Loans — Competitive rates for primary residences, second homes, and investment properties
FHA Loans — Low down payment options popular with first-time buyers
VA Loans — Zero down payment for eligible veterans and active-duty military. Patrick Space Force Base and the area’s defense contractors support strong VA loan demand.
DSCR / Investor Loans — Qualify based on rental income for investment properties
USDA Loans — Zero down payment in eligible rural areas of western Brevard County

Serving All of Brevard County

Nick serves homebuyers throughout Brevard County, including Melbourne, Palm Bay, Cocoa Beach, Merritt Island, Viera, Rockledge, and Satellite Beach. Licensed statewide.

Call: 954-300-1287 | Email: [email protected] | Contact Us for More Help