First-Time Homebuyer Programs in Florida: Opportunities and Eligibility
April 25th, 2025 Posted by makialis First Time Home Buyer, How to, Safety, Tips 0 thoughts on “First-Time Homebuyer Programs in Florida: Opportunities and Eligibility”First-Time Homebuyer Programs in Florida: Opportunities and Eligibility
Buying your first home in Florida? There are state and federal programs that can make it easier and more affordable.
Florida Housing Finance Corporation (FHFC):
They offer the Florida First program, which combines a low-interest mortgage with down payment and closing cost assistance. You may also qualify for forgivable second loans if you meet income and credit requirements.
They offer the Florida First program, which combines a low-interest mortgage with down payment and closing cost assistance. You may also qualify for forgivable second loans if you meet income and credit requirements.
Other Great Options:
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FHA Loans: Low down payment (3.5%) and flexible credit requirements
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VA Loans: No down payment for eligible veterans and service members
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USDA Loans: For rural buyers with low to moderate incomes
Many programs require a homebuyer education course. It’s usually online and helps prepare you for the financial responsibilities of owning.
Eligibility often depends on income, location, and whether you’ve owned a home in the past three years. Even if you’re not “new,” you might still qualify.
Want to know how rates will impact your loan payments? Start with our Mortgage Rate Guide.
Already own a home and thinking about better terms? Learn about the Benefits of Refinancing and how it could help.
Florida wants to help first-time buyers succeed. With the right program, you could be holding the keys to your first home sooner than you think.