Florida Down Payment Assistance Programs Explained

One of the biggest barriers to homeownership is the down payment. The good news: Florida has several programs designed to help buyers cover this cost.

Florida Hometown Heroes This program is designed for Florida's community workforce — teachers, nurses, firefighters, law enforcement officers, and more. Certain lenders offer special financing options, including 100% financing in some cases. Eligibility is based on occupation and income.

FHA Loans FHA loans require only 3.5% down for buyers with a credit score of 580 or higher. This is one of the most accessible programs for first-time buyers in Florida.

VA Loans Veterans and active-duty service members can purchase a home with 0% down through the VA loan program. There is no private mortgage insurance (PMI) required.

USDA Loans For buyers in eligible rural and suburban Florida areas, USDA loans offer 0% down payment. Many Florida suburbs qualify — check eligibility by address.

Home Possible (Freddie Mac) This program offers down payments as low as 3% for low-to-moderate income buyers. It comes with reduced mortgage insurance rates.

The key is knowing which program fits your situation. That's exactly what we help you figure out.