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

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

Nick Lazarevic (NMLS #386391) with 1st Capital Group serves Pensacola and all of Escambia County with conventional, FHA, VA, and specialty loan programs. Pensacola’s sugar-white beaches, strong military presence, and affordable cost of living make it one of the Panhandle’s most attractive markets. Get pre-approved in as little as 24 hours.

Down Payment Assistance Programs in Pensacola

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

Statewide Programs Available to Pensacola 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.

Escambia County Local Programs

Escambia 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 Pensacola and the surrounding area.

Pensacola DPA Stacking Example

Hometown Heroes: $35,000 (state)
FL Assist: $10,000 (state)
Escambia 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 Pensacola.

2026 Conforming Loan Limit

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

Frequently Asked Questions

Can I use my VA loan in Pensacola?

Yes. Pensacola is one of Florida’s top VA loan markets thanks to NAS Pensacola. VA loans offer zero down payment, no PMI, and competitive rates.

What down payment assistance is available in Pensacola?

Escambia County SHIP offers up to $45,000 (check funding status), plus statewide programs like Hometown Heroes (up to $35,000). These can often be stacked.

Pensacola’s Housing Market

Pensacola is anchored by Naval Air Station Pensacola — the “Cradle of Naval Aviation” — making VA loans a cornerstone of the local mortgage market. Beyond the military, the city has experienced a renaissance with a revitalized downtown, growing tech sector, and affordable beachfront living that rivals destinations costing twice as much further south. Pensacola Beach on Santa Rosa Island attracts vacation home buyers and rental investors, while neighborhoods like East Hill, North Hill, and suburban Pace offer family-friendly options.

Available Loan Programs

Conventional Loans — Competitive rates for primary residences, second homes, and investment properties
VA Loans — Zero down payment for eligible veterans and active-duty military. NAS Pensacola makes this the dominant loan type in the area.
FHA Loans — Low down payment options for first-time buyers
DSCR / Investor Loans — Qualify based on rental income, ideal for Pensacola Beach vacation rentals
USDA Loans — Zero down payment in eligible rural areas of Escambia County

Serving All of Escambia County

Nick serves homebuyers throughout Escambia County, including Pensacola, Pensacola Beach, and surrounding communities. Licensed statewide.

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