There is no set minimum down payment in Florida; it all depends on the, type of loan, property being purchased and the location. VA and USDA loans allow for 100% financing, FHA Rehab loans allow for the purchase price plus the coast of repairs/energy efficient upgrades, FHA loan require a 3.5% down payment, Conventional loans require 10-20% down. That being said, they are many down payment assistance programs for first time home buyers, displaces home buyers, or home buyers that have not owned a home in the past three (3) years. These programs offer anywhere from $4,000 - $25,000 in cash down payment assistance depending on your income and property location.
85% of my Buyer business is first time home buyers using â€œDown Payment Assistanceâ€ let me know if I can be of assistance negotiating the first time home buyer down payment assistance maze, or guiding you through the various loan programs