The most well known Florida Loan Programs
Conventional loans are one of the most popular options for Florida homebuyers and homeowners with stable credit and income. These loans offer flexible terms, competitive rates, and are commonly used for both purchases and refinances.
Down payments can be as low as 3%–5%, and many borrowers qualify with credit scores starting around 620, depending on the scenario. Conventional loans are available for primary homes, second homes, and investment properties.
VA loans are available to eligible veterans, active-duty service members, and surviving spouses. These loans offer some of the most favorable terms available in mortgage lending.
Qualified borrowers may purchase or refinance with no down payment, no monthly mortgage insurance, and competitive interest rates.
FHA loans are designed to make homeownership more accessible, especially for first-time buyers or borrowers with limited credit history. They allow for lower credit scores and smaller down payments than many other loan types.
With down payments as low as 3.5% and credit scores starting at 580, FHA loans are a common solution for buyers who may not qualify for conventional financing yet.
Down payment assistance programs help reduce the upfront cost of buying a home by providing funds toward down payment and closing costs. These programs can often be paired with FHA, Conventional, VA, and USDA loans.
Many Florida buyers are surprised to learn they qualify for assistance, even if they have savings or have owned a home before.
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USDA loans are designed for buyers purchasing homes in eligible rural and suburban areas. These loans offer 100% financing, meaning no down payment is required for qualified borrowers.
USDA loans are income-based and ideal for buyers who meet household income limits and are purchasing in approved locations throughout Florida.