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title: "Florida First-Time Homebuyer Guide — CNBC Select"
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# Florida First-Time Homebuyer Guide — CNBC Select

Florida First-Time Homebuyer Guide 2025 Skip Navigation Our top picks of timely offers from our partners More details Learn More Terms Apply Paid Placement QuickBooks Track your expenses with QuickBooks - 50% off 3 months when you buy now Learn More Terms Apply Paid Placement TaxSlayer 25% off Your Federal Tax Return at TaxSlayer.com with code CNBC25 Learn More Terms Apply Monarch Our top pick for being easy to use, Monarch 's budgeting app is 50% off your first year of Core Plan with code CNBC50 Learn More Terms Apply Bluevine Bluevine offers fast funding options for your small business Learn More Terms Apply SBG Funding Fast and flexible financing options for your small business Select independently determines what we cover and recommend. We earn a commission from affiliate partners on many offers and links. This commission may impact how and where certain products appear on this site (including, for example, the order in which they appear). Read more about Select on CNBC , and click here to read our full advertiser disclosure. First-timers made up a fifth of all homebuyers in Florida in 2023, according to Florida Realtors. Buying a house in the Sunshine State comes with unique challenges, from rising demand and increased prices to difficulty in getting homeowners insurance. But it also has unique opportunities for borrowers — including a booming number of new homes, a variety of top lenders and homebuying assistance programs to help with a down payment, closing costs and more. Florida first-time homebuyers guide The basics of buying a home in Florida Best Florida mortgage lenders Homebuyer assistance programs in Florida How much do I need for a down payment in Florida? How can I get the lowest mortgage rate in Florida? Florida homebuyer FAQs The basics of buying a home in Florida The state has a unique real estate landscape, with challenges in homeowners insurance and property taxes. Real estate market A snapshot of the Florida real estate landscape in January 2025. Total homes on the market : There were 157,221 listings in January 2025, according to the Federal Reserve Bank of St. Louis , an increase of almost 33% from January 2024. Home listing price : The median home price in Florida in January 2025 was $435,000, a 5.4% decrease from January 2024 and about 10% higher than the national average. Most expensive home : In February 2024, Gordon Pointe, a nine-acre three-home compound in Naples, hit the market for a record $295 million . In February 2025, the asking price dropped to $210 million. Price reductions : In January 2025, 55,538 listings in Florida saw price reductions, nearly 29% more than in January 2024. Days on the market : In January 2025, homes stayed on the market a median of 76 days, 10% longer than in 2024. Florida conforming loan limits Set annually by the Federal Housing Finance Agency , the conforming loan limit is the maximum loan amount for Fannie Mae and Freddie Mac, based on the median home value in each U.S. county. In 2025, the conforming loan limit in Florida is $806,500, except in Monroe County (home to Key West), where it is $967,150. HUD determines the maximum loan limit for FHA mortgages in each state. The FHA limit for 2025 in most of Florida's 67 counties is $524,225 with the following exceptions. County FHA mortgage limit Baker $580,750 Broward $654,350 Clay $580,750 Collier $764,750 Duval $580,750 Manatee $547,400 Martin $596,850 Miami-Dade $654,350 Monroe $967,150 Nassau $580,750 Okaloosa $603,750 Palm Beach $654,350 Sarasota $547,400 St. Johns $580,750 St. Lucie $596,850 Walton $603,750 Florida homeowners insurance Homeowners insurance in Florida is more expensive and harder to get than in much of the country. The average premium in the Sunshine State was $5,527 a year in 2024, more than double the national average. Several insurers, including Farmers and AAA , have scaled back or even stopped writing new home policies in the state. Read more : Best homeowners insurance in Florida In addition to the growing intensity and prevalence of hurricanes and flooding, the spike has been fueled by inflation, a litigation-friendly legal system, the proliferation of roofer scams and the high cost of reinsurance. Depending on where you buy in the state, you may also need flood insurance , which can average $66 a month, according to data from the National Flood Insurance Program. You could also have a separate deductible for hurricanes and named storms , which can be as much as 5% of your dwelling coverage. Florida property taxes Florida doesn't have a state income tax, but property taxes are imposed by local municipalities. The average property tax rate in Florida is about 0.91%, according to AARP , but it varies widely across the state Property taxes are a percentage of the assessed value of your home, which can change drastically from one year to another. Florida's Save Our Homes exemption caps any rate increase for existing homeowners at 3% annually. (That's even though the average home value in Florida rose 164% between 2013 and 2023, according to Zillow's Home Value Index .) If you move from one house to another within the state of Florida, you're still protected by this exemption. But first-time buyers and those moving into the state are likely to face higher property taxes than what the seller paid just a year earlier. Be sure to include this in your housing budget. Best Florida mortgage lenders We've selected top lenders in the state in a variety of categories. Best for a low down payment: New American Funding New American Funding Learn More Annual Percentage Rate (APR) Apply online for rates. Types of loans Conventional, FHA, USDA, VA, jumbo, refinancing, home equity loan, reverse mortgage Terms 10- and 30-year fixed-rate terms and various adjustable-rate terms Credit needed 620 Minimum down payment 0% for VA or USDA loans, 3% for conventional, 3.5% for FHA New American Funding offers conventional mortgages with as little as 3% down. It also offers VA and USDA loans, which don't require anything down. In addition to low average rates, NAF promises you can close In as little as 14 days, much faster than most mortgage providers. Best for bad credit: Guild Mortgage Guild Mortgage Learn More Types of loans Conventional, FHA, VA, USDA, Arrive Home, Zero Down, jumbo, renovation, refinancing, reverse mortgages, home equity loans Terms 10 to 30 years Minimum credit score 540 for FHA, VA and USDA loans; 600 for Zero Down; 620 for conventional loans, 680 for jumbo loans. Nontraditional credit options available Minimum down payment 0% for USDA, VA, Arrive Home™ or Zero Down; 1% for conventional loans, 3.5% for FHA loans Guild Mortgage has flexible credit score requirements and borrowers with a 600 can get approved for its Zero Down mortgage . For some loans, Guild accepts nontraditional forms of credit — including proof of on-time rent, utility and insurance payments. Best local lender: Choice Mortgage Group Choice Mortgage Group Learn More Annual Percentage Rate (APR) Apply online for personalized rates Types of loans Conventional, FHA, VA, USDA, jumbo loan, cash-out and rate-and-term refinance, condo, renovation, Hometown Heroes, 0% down, construction, reverse, alternative income, investment Terms Apply for terms Credit needed Not disclosed. Minimum down payment 5% for conventional, 3.5% for FHA, 0% for VA and USDA If you want the comfort of local financing, Choice Mortgage Group started in Boca Raton in 1995 before branching out across the Southeast. Choice offers conventional and government-backed FHA, VA and USDA mortgages, as well as jumbo loans and cash-out and rate-and-term refinancing. Best jumbo loan lender: Chase Bank Chase Bank Learn More Annual Percentage Rate (APR) Apply online for personalized rates; fixed-rate and adjustable-rate mortgages included Types of loans Conventional loans, FHA loans, VA loans, DreaMaker℠ loans and Jumbo loans Terms 10 – 30 years Credit needed 620 Minimum down payment 3% if moving forward with a DreaMaker℠ loan Terms apply. Offers first-time homebuyer assistance? Yes — click here for details If you have your eye on one of Florida's super-size mansions, Chase Bank has jumbo mortgages for up to $9.5 million. Existing Chase customers can qualify for a relationship discount of up to 1%.. Best for veterans: Navy Federal Credit Union Navy Federal Credit Union Learn More Annual Percentage Rate (APR) Apply online for personalized rates Types of loans Conventional loans, VA loans, Military Choice loans, Homebuyers Choice loans, adjustable-rate mortgage Terms 10 – 30 years Credit needed Not disclosed but lender is flexible Minimum down payment 0%; 5% for conventional loan option Terms apply. After Texas and California, Florida has the highest population of veterans in the U.S. and Navy Federal Credit Union is the biggest issuer of VA loans , zero-down mortgages available to active and retired service members without private mortgage insurance. Combining low rates and excellent customer service, NFCU made our list of best lenders for VA loans . The Military Choice loan lets sellers contribute up to 6% of the home's value toward closing costs. Florida homebuyer assistance programs Homebuyers in Florida can take advantage of numerous programs offering aid with down payments, closing costs and more. Florida first-time homebuyer loans Buying in Florida? See if you qualify for one of these 30-year fixed-rate mortgages. The Homebuyer Program Backed by the Florida Housing Finance Corporation , this 30-year fixed-rate mortgage is available to first-time buyers who meet income qualifications and have a credit score of 640 or better. The home price must fall below the designated limit for your county. Florida Hometown Heroes Program Eligible frontline workers who are first-time buyers can get a below-market rate and reduced fees on a conventional, FHA, VA or USDA loan. There's also down payment assistance worth up to 5% of the home's purchase price (up to $35,000) offered as an interest-free, non-forgivable second mortgage. Florida Salute Our Soldiers Military Loan Veterans and active-duty service members in Florida who meet local income requirements can qualify for this lower-rate 30-year, fixed mortgage that comes with several down payment assistance options. Florida down payment assistance programs If you need help sealing the deal, there are a variety of programs to help with your down payment. The Florida Assist Sponsored by Florida Housing, this zero-interest non-forgivable loan makes up to $10,000 available to eligible homebuyers to cover down payment costs. Repayment is deferred until the primary mortgage is paid off or the house is sold. The Florida Homeownership Loan Program (FH LP) This non-forgivable second mortgage provides up to $10,000 in down payment assistance to eligible homebuyers whose primary home loan is with the Florida Housing Finance Corp . Homeowners make monthly payments of $69.05 until the 15-year term ends, the home is sold or the primary mortgage is paid off, whichever comes first. Florida HFA Advantage PLUS This loan for first-time buyers offers up to 5% of the sale price for a down payment or closing costs. It's forgiven over five years at a rate of 20% annually. Forgivable Interest Monthly payments requred Loan due The Florida Assist No 0% $0 When primary mortgage is paid off The Florida Homeownership Loan Program Second Mortgage No 0% $69.06 15 years or when mortgage is paid off Florida HFA Advantage PLUS Yes 0% $0 Forgiven after 5 years Some Florida cities also offer assistance for first-time homebuyers. Miami : The city's first-time homebuyer program provides zero-interest deferred loans to eligible homebuyers who make less than 80% of the area median income and purchase within the city. The home price can't exceed $451,000. Orlando: Orlando's down payment assistance (DPA) program offers a forgivable loan of up to $45,000 to qualified first-time homebuyers who make up to 140% of the area median income. The home price can't exceed $481,176 and the loan will only be forgiven if you remain in the house for 10 years without renting or refinancing. Tampa: Through the Dare to Dream program , Tampa offers a deferred loan of up to $40,000 to first-time homebuyers who make up to 140% of the area median income and have at least a 600 credit score. The home price can't exceed $350,000. Federal down payment assistance programs Florida homebuyers can also look into housing assistance programs backed by federal agencies HomePath Ready Buyer : First-time homebuyers purchasing a Fannie Mae HomePath property can receive up to 3% of the purchase price for a down payment or closing costs. To find HomePath properties in Florida, enter a city or ZIP code into HomePath's interactive map . Good Neighbor Next Door : The U.S. Department of Housing and Urban Development (HUD) offers funding of up to 50% of the home's cost to eligible teachers, firefighters, police officers, EMTs and others. You must work with a HUD-approved real estate broker and purchase a home from a list in designated revitalization areas. Eligibility requirements include not having purchased a home in the past 12 months and agreeing to stay in the house for at least three years. National Homebuyers Fund : This nonprofit offers up to 5% of a home's purchase price as a forgivable loan that can be used for a down payment or closing costs. You must agree to live in the house for at least five years. How much do I need for a down payment in Florida? Typically, homeowners must put at least 5% down for a conventional loan, although if you take out an FHA loan , you're only required to make a down payment of 3.5%. There is no down payment required for a USDA loan or a VA loan . However, there are benefits to making a larger down payment : Lenders usually require private mortgage insurance if borrowers put less than 20% down on a conventional loan and a mortgage insurance premium if borrowers put less than 20% down on an FHA loan. In addition, monthly payments will be smaller if the down payment is larger. Lenders factor in the size of your down payment when determining the rate, and it could help you get a lower rate to make a larger down payment. How can I get the lowest mortgage rate in Florida? Lenders set mortgage rates based on credit score, down payment, debt-to-income ratio, and market conditions. To secure the best rate, work on boosting your credit score , growing your down payment and reducing debt. You'll also want to consider alternative types of loans: Home loans with terms shorter than 30 years usually have lower rates than longer loan terms. The fixed period on adjustable-rate mortgages also tends to be lower than a 30-year fixed rate. Florida homebuyer FAQs Is there down payment assistance available in Florida? Florida has several down payment assistance programs, including forgivable loans and deferred second mortgages. Those include Florida Assist, the Florida Homeownership Loan Program and Florida HFA Advantage PLUS. What is a first-time homebuyer in Florida? Most government and financial organizations define a first-time homebuyer as someone who has not owned a home in three years. What is a VA loan? A VA loan is a 0% mortgage backed by the Department of Veteran Affairs and available to active duty service members and veterans. What is the average down payment in Florida? The average down payment for a house in Florida is 17%, according to Visual Capitalist . Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here . Why trust CNBC Select? At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every mortgage article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of mortgage products . While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. Catch up on CNBC Select's in-depth coverage of credit cards , banking and money , and follow us on TikTok , Facebook , Instagram and Twitter to stay up to date. Read more Best mortgage lenders for first-time homebuyers Down payment assistance: What is it and how do you get it? Best mortgage lenders for a low down payment Best homeowners insurance in Florida Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party. Florida First-Time Homebuyer Guide 2025 Table Of Contents Learn More Terms Apply Paid Placement Mailchimp Mailchimp makes it easy to design eye-catching campaigns, automate your marketing, and turn leads into loyal customers. Learn More Terms Apply Empower Get free tools and guidance to see how your investments are doing. 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Buying a house in the Sunshine State comes with unique challenges, from rising demand and increased prices to difficulty in getting homeowners insurance. But it also has unique opportunities for borrowers — including a booming number of new homes, a variety of top lenders and homebuying assistance programs to help with a down payment, closing costs and more. Florida first-time homebuyers guide The basics of buying a home in Florida Best Florida mortgage lenders Homebuyer assistance programs in Florida How much do I need for a down payment in Florida? How can I get the lowest mortgage rate in Florida? Florida homebuyer FAQs The basics of buying a home in Florida The state has a unique real estate landscape, with challenges in homeowners insurance and property taxes. Real estate market A snapshot of the Florida real estate landscape in January 2025. Total homes on the market : There were 157,221 listings in January 2025, according to the Federal Reserve Bank of St. Louis , an increase of almost 33% from January 2024. Home listing price : The median home price in Florida in January 2025 was $435,000, a 5.4% decrease from January 2024 and about 10% higher than the national average. Most expensive home : In February 2024, Gordon Pointe, a nine-acre three-home compound in Naples, hit the market for a record $295 million . In February 2025, the asking price dropped to $210 million. Price reductions : In January 2025, 55,538 listings in Florida saw price reductions, nearly 29% more than in January 2024. Days on the market : In January 2025, homes stayed on the market a median of 76 days, 10% longer than in 2024. Florida conforming loan limits Set annually by the Federal Housing Finance Agency , the conforming loan limit is the maximum loan amount for Fannie Mae and Freddie Mac, based on the median home value in each U.S. county. In 2025, the conforming loan limit in Florida is $806,500, except in Monroe County (home to Key West), where it is $967,150. HUD determines the maximum loan limit for FHA mortgages in each state. The FHA limit for 2025 in most of Florida's 67 counties is $524,225 with the following exceptions. Florida homeowners insurance Homeowners insurance in Florida is more expensive and harder to get than in much of the country. The average premium in the Sunshine State was $5,527 a year in 2024, more than double the national average. Several insurers, including Farmers and AAA , have scaled back or even stopped writing new home policies in the state. Read more : Best homeowners insurance in Florida In addition to the growing intensity and prevalence of hurricanes and flooding, the spike has been fueled by inflation, a litigation-friendly legal system, the proliferation of roofer scams and the high cost of reinsurance. Depending on where you buy in the state, you may also need flood insurance , which can average $66 a month, according to data from the National Flood Insurance Program. You could also have a separate deductible for hurricanes and named storms , which can be as much as 5% of your dwelling coverage. Florida property taxes Florida doesn't have a state income tax, but property taxes are imposed by local municipalities. The average property tax rate in Florida is about 0.91%, according to AARP , but it varies widely across the state Property taxes are a percentage of the assessed value of your home, which can change drastically from one year to another. Florida's Save Our Homes exemption caps any rate increase for existing homeowners at 3% annually. (That's even though the average home value in Florida rose 164% between 2013 and 2023, according to Zillow's Home Value Index .) If you move from one house to another within the state of Florida, you're still protected by this exemption. But first-time buyers and those moving into the state are likely to face higher property taxes than what the seller paid just a year earlier. Be sure to include this in your housing budget. Best Florida mortgage lenders We've selected top lenders in the state in a variety of categories. Best for a low down payment: New American Funding New American Funding offers conventional mortgages with as little as 3% down. It also offers VA and USDA loans, which don't require anything down. In addition to low average rates, NAF promises you can close In as little as 14 days, much faster than most mortgage providers. Best for bad credit: Guild Mortgage Guild Mortgage has flexible credit score requirements and borrowers with a 600 can get approved for its Zero Down mortgage . For some loans, Guild accepts nontraditional forms of credit — including proof of on-time rent, utility and insurance payments. Best local lender: Choice Mortgage Group If you want the comfort of local financing, Choice Mortgage Group started in Boca Raton in 1995 before branching out across the Southeast. Choice offers conventional and government-backed FHA, VA and USDA mortgages, as well as jumbo loans and cash-out and rate-and-term refinancing. Best jumbo loan lender: Chase Bank If you have your eye on one of Florida's super-size mansions, Chase Bank has jumbo mortgages for up to $9.5 million. Existing Chase customers can qualify for a relationship discount of up to 1%.. Best for veterans: Navy Federal Credit Union After Texas and California, Florida has the highest population of veterans in the U.S. and Navy Federal Credit Union is the biggest issuer of VA loans , zero-down mortgages available to active and retired service members without private mortgage insurance. Combining low rates and excellent customer service, NFCU made our list of best lenders for VA loans . The Military Choice loan lets sellers contribute up to 6% of the home's value toward closing costs. Florida homebuyer assistance programs Homebuyers in Florida can take advantage of numerous programs offering aid with down payments, closing costs and more. Florida first-time homebuyer loans Buying in Florida? See if you qualify for one of these 30-year fixed-rate mortgages. The Homebuyer Program Backed by the Florida Housing Finance Corporation , this 30-year fixed-rate mortgage is available to first-time buyers who meet income qualifications and have a credit score of 640 or better. The home price must fall below the designated limit for your county. Florida Hometown Heroes Program Eligible frontline workers who are first-time buyers can get a below-market rate and reduced fees on a conventional, FHA, VA or USDA loan. There's also down payment assistance worth up to 5% of the home's purchase price (up to $35,000) offered as an interest-free, non-forgivable second mortgage. Florida Salute Our Soldiers Military Loan Veterans and active-duty service members in Florida who meet local income requirements can qualify for this lower-rate 30-year, fixed mortgage that comes with several down payment assistance options. Florida down payment assistance programs If you need help sealing the deal, there are a variety of programs to help with your down payment. The Florida Assist Sponsored by Florida Housing, this zero-interest non-forgivable loan makes up to $10,000 available to eligible homebuyers to cover down payment costs. Repayment is deferred until the primary mortgage is paid off or the house is sold. The Florida Homeownership Loan Program (FH LP) This non-forgivable second mortgage provides up to $10,000 in down payment assistance to eligible homebuyers whose primary home loan is with the Florida Housing Finance Corp . Homeowners make monthly payments of $69.05 until the 15-year term ends, the home is sold or the primary mortgage is paid off, whichever comes first. Florida HFA Advantage PLUS This loan for first-time buyers offers up to 5% of the sale price for a down payment or closing costs. It's forgiven over five years at a rate of 20% annually. Some Florida cities also offer assistance for first-time homebuyers. Miami : The city's first-time homebuyer program provides zero-interest deferred loans to eligible homebuyers who make less than 80% of the area median income and purchase within the city. The home price can't exceed $451,000. Orlando: Orlando's down payment assistance (DPA) program offers a forgivable loan of up to $45,000 to qualified first-time homebuyers who make up to 140% of the area median income. The home price can't exceed $481,176 and the loan will only be forgiven if you remain in the house for 10 years without renting or refinancing. Tampa: Through the Dare to Dream program , Tampa offers a deferred loan of up to $40,000 to first-time homebuyers who make up to 140% of the area median income and have at least a 600 credit score. The home price can't exceed $350,000. Federal down payment assistance programs Florida homebuyers can also look into housing assistance programs backed by federal agencies HomePath Ready Buyer : First-time homebuyers purchasing a Fannie Mae HomePath property can receive up to 3% of the purchase price for a down payment or closing costs. To find HomePath properties in Florida, enter a city or ZIP code into HomePath's interactive map . Good Neighbor Next Door : The U.S. Department of Housing and Urban Development (HUD) offers funding of up to 50% of the home's cost to eligible teachers, firefighters, police officers, EMTs and others. You must work with a HUD-approved real estate broker and purchase a home from a list in designated revitalization areas. Eligibility requirements include not having purchased a home in the past 12 months and agreeing to stay in the house for at least three years. National Homebuyers Fund : This nonprofit offers up to 5% of a home's purchase price as a forgivable loan that can be used for a down payment or closing costs. You must agree to live in the house for at least five years. How much do I need for a down payment in Florida? Typically, homeowners must put at least 5% down for a conventional loan, although if you take out an FHA loan , you're only required to make a down payment of 3.5%. There is no down payment required for a USDA loan or a VA loan . However, there are benefits to making a larger down payment : Lenders usually require private mortgage insurance if borrowers put less than 20% down on a conventional loan and a mortgage insurance premium if borrowers put less than 20% down on an FHA loan. In addition, monthly payments will be smaller if the down payment is larger. Lenders factor in the size of your down payment when determining the rate, and it could help you get a lower rate to make a larger down payment. How can I get the lowest mortgage rate in Florida? Lenders set mortgage rates based on credit score, down payment, debt-to-income ratio, and market conditions. To secure the best rate, work on boosting your credit score , growing your down payment and reducing debt. You'll also want to consider alternative types of loans: Home loans with terms shorter than 30 years usually have lower rates than longer loan terms. The fixed period on adjustable-rate mortgages also tends to be lower than a 30-year fixed rate. Is there down payment assistance available in Florida? Florida has several down payment assistance programs, including forgivable loans and deferred second mortgages. Those include Florida Assist, the Florida Homeownership Loan Program and Florida HFA Advantage PLUS. What is a first-time homebuyer in Florida? Most government and financial organizations define a first-time homebuyer as someone who has not owned a home in three years. What is a VA loan? A VA loan is a 0% mortgage backed by the Department of Veteran Affairs and available to active duty service members and veterans. What is the average down payment in Florida? The average down payment for a house in Florida is 17%, according to Visual Capitalist . Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here . Why trust CNBC Select? At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every mortgage article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of mortgage products . While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. Catch up on CNBC Select's in-depth coverage of credit cards , banking and money , and follow us on TikTok , Facebook , Instagram and Twitter to stay up to date. Read more Best mortgage lenders for first-time homebuyers Down payment assistance: What is it and how do you get it? Best mortgage lenders for a low down payment Best homeowners insurance in Florida","contentClassification":[],"faqContent":{"tagName":"card-module","attributes":{"type":"question-answer","title":"Florida homebuyer FAQs"},"children":[{"question":"Is there down payment assistance available in Florida?","answer":{"html":"\u003Cp\u003EFlorida has several down payment assistance programs, including forgivable loans and deferred second mortgages. Those include Florida Assist, the Florida Homeownership Loan Program and Florida HFA Advantage PLUS.\u003C\u002Fp\u003E"}},{"question":"What is a first-time homebuyer in Florida?","answer":{"html":"\u003Cp\u003EMost government and financial organizations define a first-time homebuyer as someone who has not owned a home in three years.\u003C\u002Fp\u003E"}},{"question":"What is a VA loan?","answer":{"html":"\u003Cp\u003EA VA loan is a 0% mortgage backed by the Department of Veteran Affairs and available to active duty service members and veterans.\u003C\u002Fp\u003E"}},{"question":"What is the average down payment in Florida?","answer":{"html":"\u003Cp\u003EThe average down payment for a house in Florida is 17%, \u003Ca href=\"https:\u002F\u002Fwww.visualcapitalist.com\u002Fcp\u002Fmedian-down-payment-for-a-house-by-state\u002F\"\u003Eaccording to Visual Capitalist\u003C\u002Fa\u003E.\u003C\u002Fp\u003E"}}]},"premium":false,"section":{"id":107062378,"color":null,"__typename":"franchise"},"native":false,"creatorOverwrite":null,"sourceOrganization":[{"id":80000022,"url":"https:\u002F\u002Fwww.cnbc.com\u002Fsearch\u002F?query=CNBC%20US","name":"CNBC.com","logo":null,"creatorOverwrite":null,"linkHeadline":null,"__typename":"source"}],"body":{"content":[{"tagName":"div","attributes":{"className":["group"]},"data":{"__typename":"asset"},"children":[{"tagName":"p","children":["First-timers made up ",{"tagName":"a","attributes":{"href":"https:\u002F\u002Fwww.floridarealtors.org\u002Ftools-research\u002Freports\u002Fflorida-home-buyers-sellers-profile","section":{},"premium":false,"contentClassification":[]},"children":["a fifth of all homebuyers"]}," in Florida in 2023, according to Florida Realtors. ",{"tagName":"br"},{"tagName":"br"},"Buying a house in the Sunshine State comes with unique challenges, from rising demand and increased prices to difficulty in getting homeowners insurance. ",{"tagName":"br"},{"tagName":"br"},"But it also has unique opportunities for borrowers — including a booming number of new homes, a variety of top lenders and homebuying assistance programs to help with a down payment, closing costs and more."]},{"tagName":"blockquote","children":[{"tagName":"h2","children":["Florida first-time homebuyers guide"]},{"tagName":"ul","children":[{"tagName":"li","children":[{"tagName":"a","attributes":{"href":"#47N5fs2J4W","section":{},"premium":false,"contentClassification":[]},"children":["The basics of buying a home in Florida"]}]},{"tagName":"li","children":[{"tagName":"a","attributes":{"href":"#qsfCV8LSw5","section":{},"premium":false,"contentClassification":[]},"children":["Best Florida mortgage lenders"]}]},{"tagName":"li","children":[{"tagName":"a","attributes":{"href":"#0xvBWG206l","section":{},"premium":false,"contentClassification":[]},"children":["Homebuyer assistance programs in Florida"]}]},{"tagName":"li","children":[{"tagName":"a","attributes":{"href":"#Qk1N0Gz7CG","section":{},"premium":false,"contentClassification":[]},"children":["How much do I need for a down payment in Florida?"]}]},{"tagName":"li","children":[{"tagName":"a","attributes":{"href":"#jWGERPX1kb","section":{},"premium":false,"contentClassification":[]},"children":["How can I get the lowest mortgage rate in Florida?"]}]},{"tagName":"li","children":[{"tagName":"a","attributes":{"href":"#IjXODljsaD","section":{},"premium":false,"contentClassification":[]},"children":["Florida homebuyer FAQs"]}]}]}]}],"__typename":"bodyContent"},{"tagName":"wildcard","attributes":{"id":"107335617","contentUrl":"https:\u002F\u002Fcapi-bl-web-dr.cnbc.com\u002Fapi\u002Fv1\u002Fid\u002F107335617","type":"wildcard","slug":"Red Ventures Mortgage Embed","title":"Red Ventures Mortgage Embed","liveURL":"\u002Frv-mortgage-refi-multi-two\u002F","branding":"cnbc","subDomain":"https:\u002F\u002Fwww.cnbc.com","url":"https:\u002F\u002Fwww.cnbc.com\u002Frv-mortgage-refi-multi-two\u002F","contentClassification":[],"revisionId":16417985,"state":"Publish","sectionHierarchy":[],"historicalURL":[],"isContemplate":"No","datePublished":"2023-11-17T15:10:16+0000","dateLastPublished":"2026-03-11T16:35:02+0000","dateFirstPublished":"2023-11-17T15:10:16+0000","dateModified":"2026-03-11T16:35:02+0000","settings":{"dateline":"Yes","displayByline":"Yes","displaySource":"Yes","outbrainEnabled":"Yes","socialtoolsEnabled":"Yes","listType":"Manual and\u002For populated by feeds"},"headline":"Red Ventures Mortgage Embed","shorterHeadline":"Red Ventures Mortgage Embed","createdBy":"MANOJBROMEO.SEBASTIAN@versantmedia.com","editedBy":"Ashirvad.Parikh@versantmedia.com","seoTitle":"RV Mortgage Refi Multi two","linkHeadline":"Red Ventures Mortgage Embed","publisher":{"name":"CNBC","logo":"https:\u002F\u002Fsc.cnbcfm.com\u002Fapplications\u002Fcnbc.com\u002Fstaticcontent\u002Fimg\u002Fcnbc-hdr-logo2.png"},"additionalMetadata":{"linkInteractive":["No"]},"wildcard":{"wildcardContent":{},"wildcardPromo":{"cdata":"\u003Cstyle\u003E\n .disclaimer-container{\n margin: 0 8px 12px 8px;\n padding:12px 10px;\n font-family:Lato,Helvetica,Arial,sans-serif;\n font-size:12px;\n font-style:italic;\n background:#F1F1F1;\n color:#3E4855;\n }\n\n .disclaimer-container .tooltip-icon{\n display:inline-block;\n position:relative;\n cursor:pointer;\n color:#757575;\n border-radius:50%;\n width:16px;height:16px;\n text-align:center;line-height:16px;\n font-style:normal;user-select:none;\n }\n \n .disclaimer-container .tooltip-icon:hover {\n color: #005594;\n }\n\n .disclaimer-container .tooltip-text{\n \u002F* centred under the icon *\u002F\n position:absolute;top:25px;left:50%;\n transform:translateX(calc(-50% + var(--shift,0px)));\n\n background:#FFF;color:#757575;\n padding:10px!important;border-radius:5px;\n box-shadow:0 0 10px 5px rgba(117,117,117,.25);\n max-width:300px;width:max-content;\n \u002F* hidden by default *\u002F\n opacity:0;visibility:hidden;pointer-events:none;\n transition:opacity .2s ease;\n z-index:-99;\n }\n \u002F* arrow *\u002F\n .disclaimer-container .tooltip-text::after{\n content:\"\";\n position:absolute;left:calc(50% - var(--shift,0px));\n top:0;transform:translate(-50%,-50%);\n border-left:20px solid transparent;\n border-right:20px solid transparent;\n border-bottom:15px solid #FFF;\n }\n\n \u002F* Visible state (set by JS) *\u002F\n .tooltip-icon.is-open {\n color: #00559480;\n }\n \n .tooltip-icon.is-open .tooltip-text{\n opacity:1;visibility:visible;pointer-events:auto;z-index:100;\n }\n\n @media (prefers-color-scheme: dark){\n .webview .disclaimer-container{background:#24292D;color:#FFF}\n .webview .disclaimer-container .tooltip-icon{color:#FFF}\n }\n\u003C\u002Fstyle\u003E\n\n\u003Cdiv class=\"disclaimer-container\"\u003E\n This interactive feature is operated by a third party. 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In February 2025, the asking price dropped to $210 million."]},{"tagName":"li","children":[{"tagName":"strong","children":["Price reductions"]},": In January 2025, 55,538 listings in Florida saw price reductions, nearly 29% more than in January 2024."]},{"tagName":"li","children":[{"tagName":"strong","children":["Days on the market"]},": In January 2025, homes stayed on the market a median of 76 days, 10% longer than in 2024."]}]},{"tagName":"h3","children":["Florida conforming loan limits"]},{"tagName":"p","children":["Set annually by the ",{"tagName":"a","attributes":{"href":"https:\u002F\u002Fwww.fhfa.gov\u002FDataTools\u002FTools\u002FPages\u002FConforming-Loan-Limit-Map.aspx","section":{},"premium":false,"contentClassification":[]},"children":["Federal Housing Finance Agency"]},", the conforming loan limit is the maximum loan amount for Fannie Mae and Freddie Mac, based on the median home value in each U.S. county."]},{"tagName":"p","children":["In 2025, the conforming loan limit in Florida is $806,500, except in Monroe County (home to Key West), where it is $967,150."]},{"tagName":"p","children":["HUD determines the ",{"tagName":"a","attributes":{"href":"https:\u002F\u002Fentp.hud.gov\u002Fidapp\u002Fhtml\u002Fhicostlook.cfm","section":{},"premium":false,"contentClassification":[]},"children":["maximum loan limit for FHA mortgages"]}," in each state. The FHA limit for 2025 in most of Florida's 67 counties is $524,225 with the following exceptions."]}],"__typename":"bodyContent"},{"tagName":"chart","attributes":{"type":"chart","id":"108067899","headline":"Conforming loans florida 2025","url":"https:\u002F\u002Fwww.cnbc.com\u002Fsearch\u002F?query=","datePublished":"2024-11-25T22:50:05+0000","chartType":"csv","rows":[["County","FHA mortgage limit",""],["Baker","$580,750",""],["Broward","$654,350",""],["Clay","$580,750",""],["Collier","$764,750",""],["Duval","$580,750",""],["Manatee","$547,400",""],["Martin","$596,850",""],["Miami-Dade","$654,350",""],["Monroe","$967,150",""],["Nassau","$580,750"," "],["Okaloosa","$603,750"," "],["Palm Beach","$654,350"," "],["Sarasota","$547,400"," "],["St. Johns","$580,750"," "],["St. Lucie","$596,850"," "],["Walton","$603,750",""]],"rowHeader":true,"columnHeader":true},"data":{"creatorOverwrite":null,"__typename":"chart"},"children":[],"__typename":"bodyContent"},{"tagName":"div","attributes":{"className":["group"]},"data":{"__typename":"asset"},"children":[{"tagName":"h3","children":["Florida homeowners insurance"]},{"tagName":"p","children":[{"tagName":"a","attributes":{"id":"107404700","href":"https:\u002F\u002Fwww.cnbc.com\u002Fselect\u002Fbest-homeowners-insurance-florida\u002F","type":"cnbcnewsstory","brand":"select","section":{"subType":"section"},"premium":false,"contentClassification":[]},"children":["Homeowners insurance in Florida"]}," is more expensive and harder to get than in much of the country. The average premium in the Sunshine State was $5,527 a year in 2024, more than double the national average."]},{"tagName":"p","children":["Several insurers, including ",{"tagName":"a","attributes":{"target":"_blank","rel":"nofollow","href":"https:\u002F\u002Fsecure.money.com\u002Fpr\u002Fj50210fd45d4"},"children":["Farmers"]}," and ",{"tagName":"a","attributes":{"rel":"nofollow","href":"https:\u002F\u002Fsecure.money.com\u002Fpr\u002Fw1235ad7f962"},"children":["AAA"]},", have scaled back or",{"tagName":"a","attributes":{"href":"https:\u002F\u002Fwww.nbcnews.com\u002Fbusiness\u002Fconsumer\u002Fhomeowners-go-without-insurance-in-states-where-its-too-expensive-rcna88578","section":{},"premium":false,"contentClassification":[]},"children":[" "]},"even stopped writing new home policies in the state."]},{"tagName":"blockquote","children":[{"tagName":"p","children":[{"tagName":"strong","children":["Read more"]},": ",{"tagName":"a","attributes":{"id":"107404700","href":"https:\u002F\u002Fwww.cnbc.com\u002Fselect\u002Fbest-homeowners-insurance-florida\u002F","type":"cnbcnewsstory","brand":"select","section":{"subType":"section"},"premium":false,"contentClassification":[]},"children":["Best homeowners insurance in Florida"]}]}]},{"tagName":"p","children":["In addition to the growing intensity and prevalence of hurricanes and flooding, the spike has been fueled by inflation, a litigation-friendly legal system, ",{"tagName":"a","attributes":{"href":"https:\u002F\u002Fwww.nbcnews.com\u002Fnews\u002Fus-news\u002Froofing-scams-florida-property-insurance-hurricane-rcna29649","section":{},"premium":false,"contentClassification":[]},"children":["the proliferation of roofer scams"]}," and the high cost of reinsurance."]},{"tagName":"p","children":["Depending on where you buy in the state, you may also need ",{"tagName":"a","attributes":{"id":"107246620","href":"https:\u002F\u002Fwww.cnbc.com\u002Fselect\u002Fbest-flood-insurance\u002F","type":"cnbcnewsstory","brand":"select","section":{"subType":"section"},"premium":false,"contentClassification":[]},"children":["flood insurance"]},", which can average $66 a month, according to data from the National Flood Insurance Program. You could also have a separate deductible ",{"tagName":"a","attributes":{"id":"108003326","href":"https:\u002F\u002Fwww.cnbc.com\u002Fselect\u002Fbest-hurricane-insurance\u002F","type":"cnbcnewsstory","brand":"select","section":{"subType":"section"},"premium":false,"contentClassification":[]},"children":["for hurricanes and named storms"]},", which can be as much as 5% of your dwelling coverage."]},{"tagName":"h3","children":["Florida property taxes"]},{"tagName":"p","children":["Florida doesn't have a state income tax, but property taxes are imposed by local municipalities. The average property tax rate in Florida is about 0.91%, ",{"tagName":"a","attributes":{"href":"https:\u002F\u002Fstates.aarp.org\u002Fflorida\u002Fstate-taxes-guide#:~:text=Property%20tax%20in%20Florida%20is,vary%20widely%20across%20the%20state.","section":{},"premium":false,"contentClassification":[]},"children":["according to AARP"]},", but it varies widely across the state"]},{"tagName":"p","children":["Property taxes are a percentage of the assessed value of your home, which can change drastically from one year to another. Florida's Save Our Homes exemption caps any rate increase for existing homeowners at 3% annually. (That's even though the average home value in Florida rose 164% between 2013 and 2023, according to ",{"tagName":"a","attributes":{"href":"https:\u002F\u002Fsouthfloridaagentmagazine.com\u002F2024\u002F04\u002F15\u002Fflorida-home-values\u002F","section":{},"premium":false,"contentClassification":[]},"children":["Zillow's Home Value Index"]},".)",{"tagName":"br"},{"tagName":"br"},"If you move from one house to another within the state of Florida, you're still protected by this exemption. ",{"tagName":"br"},{"tagName":"br"},"But first-time buyers and those moving into the state are likely to face higher property taxes than what the seller paid just a year earlier. Be sure to include this in your housing budget."]}],"__typename":"bodyContent"},{"tagName":"subtitle","attributes":{},"data":{"__typename":"asset"},"children":["Best Florida mortgage lenders"],"__typename":"bodyContent"},{"tagName":"div","attributes":{"className":["group"]},"data":{"__typename":"asset"},"children":[{"tagName":"p","children":["We've selected top lenders in the state in a variety of categories."]},{"tagName":"h3","children":["Best for a low down payment: New American Funding"]}],"__typename":"bodyContent"},{"tagName":"product_select","attributes":{"id":"108067138","contentUrl":"https:\u002F\u002Fcapi-bl-web-dr.cnbc.com\u002Fapi\u002Fv1\u002Fid\u002F108067138","type":"product_select","slug":"New American Funding SMALL - 108067138","title":"New American Funding","branding":"cnbc","subDomain":"https:\u002F\u002Fwww.cnbc.com","url":"https:\u002F\u002Fwww.cnbc.com\u002Fsearch\u002F?query=New%20American%20Funding","revisionId":14952700,"state":"Publish","sectionHierarchy":[],"historicalURL":[],"isContemplate":"No","datePublished":"2024-11-22T19:23:38+0000","dateLastPublished":"2024-11-22T19:23:38+0000","dateFirstPublished":"2024-11-22T19:23:38+0000","dateModified":"2024-11-22T19:23:38+0000","settings":{"dateline":"Yes","displayByline":"Yes","displaySource":"Yes","outbrainEnabled":"Yes","socialtoolsEnabled":"Yes","listType":"Manual and\u002For populated by 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class=\"group\"\u003E\u003Cp\u003EConventional, FHA, USDA, VA, jumbo, refinancing, home equity loan, reverse mortgage\u003C\u002Fp\u003E\u003C\u002Fdiv\u003E\u003C\u002Fgroup\u003E\u003Cgroup\u003E\u003Csubtitle\u003ETerms\u003C\u002Fsubtitle\u003E\u003Cdiv class=\"group\"\u003E\u003Cp\u003E10- and 30-year fixed-rate terms and various adjustable-rate terms\u003C\u002Fp\u003E\u003C\u002Fdiv\u003E\u003C\u002Fgroup\u003E\u003Cgroup\u003E\u003Csubtitle\u003ECredit needed\u003C\u002Fsubtitle\u003E\u003Cdiv class=\"group\"\u003E\u003Cp\u003E620\u003C\u002Fp\u003E\u003C\u002Fdiv\u003E\u003C\u002Fgroup\u003E\u003Cgroup\u003E\u003Csubtitle\u003EMinimum down payment\u003C\u002Fsubtitle\u003E\u003Cdiv class=\"group\"\u003E\u003Cp\u003E0% for VA or USDA loans, 3% for conventional, 3.5% for FHA\u003C\u002Fp\u003E\u003C\u002Fdiv\u003E\u003C\u002Fgroup\u003E\u003C\u002Fbody\u003E","linkToLearnMore":"https:\u002F\u002Fwww.bankrate.com\u002Flanding\u002Fselect\u002Fbest-mortgage-options-new-american-funding\u002F?sub_id=PLACESUBIDHERE","image":{"url":"https:\u002F\u002Ffm.cnbc.com\u002Fapplications\u002Fcnbc.com\u002Fresources\u002Fproduct_select\u002F2024\u002F10\u002F02\u002FScreenshot_2024-10-02_at_12808_PM.png"},"relation":[{"position":16,"relationType":"related","isPromoted":"false"}]},"data":{"subType":null,"productFeatures":[],"title":"New American Funding","pros":[],"cons":[],"featuresRichText":[{"description":"Annual Percentage Rate (APR)","value":{"tagName":"p","children":["Apply online for rates."]}},{"description":"Types of loans","value":{"tagName":"p","children":["Conventional, FHA, USDA, VA, jumbo, refinancing, home equity loan, reverse mortgage"]}},{"description":"Terms","value":{"tagName":"p","children":["10- and 30-year fixed-rate terms and various 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American Funding"]}," offers conventional mortgages with as little as 3% down. It also offers VA and USDA loans, which don't require anything down. In addition to low average rates, NAF promises you can close In as little as 14 days, much faster than most mortgage providers."]},{"tagName":"h3","children":["Best for bad credit: Guild Mortgage"]}],"__typename":"bodyContent"},{"tagName":"product_select","attributes":{"id":"107416792","contentUrl":"https:\u002F\u002Fcapi-bl-web-dr.cnbc.com\u002Fapi\u002Fv1\u002Fid\u002F107416792","type":"product_select","slug":"Guild Mortgage SMALL","title":"Guild Mortgage","branding":"cnbc","subDomain":"https:\u002F\u002Fwww.cnbc.com","url":"https:\u002F\u002Fwww.cnbc.com\u002Fsearch\u002F?query=Guild%20Mortgage","revisionId":16058954,"state":"Publish","sectionHierarchy":[],"historicalURL":[],"isContemplate":"No","datePublished":"2024-05-17T20:19:34+0000","dateLastPublished":"2025-11-11T14:49:47+0000","dateFirstPublished":"2024-05-17T20:19:34+0000","dateModified":"2025-11-11T14:49:47+0000","settings":{"dateline":"Yes","displayByline":"Yes","displaySource":"Yes","outbrainEnabled":"Yes","socialtoolsEnabled":"Yes","listType":"Manual and\u002For populated by feeds"},"createdBy":"Kelsey.Neubauer@versantmedia.com","editedBy":"Lauren.Atkinson@versantmedia.com","publisher":{"name":"CNBC","logo":"https:\u002F\u002Fsc.cnbcfm.com\u002Fapplications\u002Fcnbc.com\u002Fstaticcontent\u002Fimg\u002Fcnbc-hdr-logo2.png"},"additionalMetadata":{"rating":[],"aboutText":[]},"contentSize":19943,"filename":"Screenshot_2024-05-17_at_33357_PM.png","filepath":"2024\u002F05\u002F17\u002F","fileFormat":"image\u002Fpng","xmlSource":"\u003Cbody\u003E\u003Cgroup\u003E\u003Csubtitle\u003E\u003C\u002Fsubtitle\u003E\u003Cdiv class=\"group\"\u003E\u003Cp\u003E\u003C\u002Fp\u003E\u003C\u002Fdiv\u003E\u003C\u002Fgroup\u003E\u003C\u002Fbody\u003E","features":"\u003Cbody\u003E\u003Cgroup\u003E\u003Csubtitle\u003ETypes of loans\u003C\u002Fsubtitle\u003E\u003Cdiv class=\"group\"\u003E\u003Cp\u003EConventional, FHA, VA, USDA, Arrive Home, Zero Down, jumbo, renovation, refinancing, reverse mortgages, home equity loans\u003C\u002Fp\u003E\u003C\u002Fdiv\u003E\u003C\u002Fgroup\u003E\u003Cgroup\u003E\u003Csubtitle\u003ETerms\u003C\u002Fsubtitle\u003E\u003Cdiv class=\"group\"\u003E\u003Cp\u003E10 to 30 years\u003C\u002Fp\u003E\u003C\u002Fdiv\u003E\u003C\u002Fgroup\u003E\u003Cgroup\u003E\u003Csubtitle\u003EMinimum credit score\u003C\u002Fsubtitle\u003E\u003Cdiv class=\"group\"\u003E\u003Cp\u003E540 for FHA, VA and USDA loans; 600 for Zero Down; 620 for conventional loans, 680 for jumbo loans. Nontraditional credit options available\u003C\u002Fp\u003E\u003C\u002Fdiv\u003E\u003C\u002Fgroup\u003E\u003Cgroup\u003E\u003Csubtitle\u003EMinimum down payment\u003C\u002Fsubtitle\u003E\u003Cdiv class=\"group\"\u003E\u003Cp\u003E0% for USDA, VA, Arrive Home™ or Zero Down; 1% for conventional loans, 3.5% for FHA loans\u003C\u002Fp\u003E\u003C\u002Fdiv\u003E\u003C\u002Fgroup\u003E\u003C\u002Fbody\u003E","linkToLearnMore":"https:\u002F\u002Fsecure.money.com\u002Fpr\u002Fxe07c3e29251","image":{"url":"https:\u002F\u002Ffm.cnbc.com\u002Fapplications\u002Fcnbc.com\u002Fresources\u002Fproduct_select\u002F2024\u002F05\u002F17\u002FScreenshot_2024-05-17_at_33357_PM.png"},"relation":[{"position":7,"relationType":"related","isPromoted":"false"}]},"data":{"subType":null,"productFeatures":[],"title":"Guild Mortgage","pros":[],"cons":[],"featuresRichText":[{"description":"Types of loans","value":{"tagName":"p","children":["Conventional, FHA, VA, USDA, Arrive Home, Zero Down, jumbo, renovation, refinancing, reverse mortgages, home equity loans"]}},{"description":"Terms","value":{"tagName":"p","children":["10 to 30 years"]}},{"description":"Minimum credit score","value":{"tagName":"p","children":["540 for FHA, VA and USDA loans; 600 for Zero Down; 620 for conventional loans, 680 for jumbo loans. Nontraditional credit options available"]}},{"description":"Minimum down payment","value":{"tagName":"p","children":["0% for USDA, VA, Arrive Home™ or Zero Down; 1% for conventional loans, 3.5% for FHA loans"]}}],"additionalMetadata":{"rating":[],"aboutText":[]},"relatedTags":[],"body":{"content":[],"__typename":"body"},"source":null,"sourceStructured":[{"tagName":"group","children":[{"tagName":"div","attributes":{"className":["group"]}}]}],"learnMoreURL":"https:\u002F\u002Fsecure.money.com\u002Fpr\u002Fxe07c3e29251","promoImage":{"url":"https:\u002F\u002Ffm.cnbc.com\u002Fapplications\u002Fcnbc.com\u002Fresources\u002Fproduct_select\u002F2024\u002F05\u002F17\u002FScreenshot_2024-05-17_at_33357_PM.png","__typename":"infographic"},"__typename":"product_select"},"children":[],"__typename":"bodyContent"},{"tagName":"div","attributes":{"className":["group"]},"data":{"__typename":"asset"},"children":[{"tagName":"p","children":[{"tagName":"a","attributes":{"target":"_blank","rel":"nofollow","href":"https:\u002F\u002Fsecure.money.com\u002Fpr\u002Fxe07c3e29251"},"children":["Guild Mortgage"]}," has flexible credit score requirements and borrowers with a 600 can get approved for its Zero Down mortgage",{"tagName":"strong","children":[". "]},"For some loans, Guild accepts nontraditional forms of credit — including proof of on-time rent, utility and insurance payments."]},{"tagName":"h3","children":["Best local lender: Choice Mortgage Group"]}],"__typename":"bodyContent"},{"tagName":"product_select","attributes":{"id":"108067106","contentUrl":"https:\u002F\u002Fcapi-bl-web-dr.cnbc.com\u002Fapi\u002Fv1\u002Fid\u002F108067106","type":"product_select","slug":"Choice Mortgage Group SMALL","title":"Choice Mortgage 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Offer availability, placement, and display are determined by the third party and may be influenced by compensation and other factors.\n\u003C\u002Fdiv\u003E\n\n\u003Cscript\u003E\n\u002F**\n * Tooltip click-to-toggle with auto-nudge\n * — Works for every .tooltip-icon on the page\n *\u002F\n(function () {\n const OFFSET = 40; \u002F\u002F px margin from viewport edge\n\n \u002F\u002F close all open tooltips\n function closeAll() {\n document.querySelectorAll('.tooltip-icon.is-open')\n .forEach(el =\u003E el.classList.remove('is-open'));\n }\n\n \u002F\u002F adjust position so the tooltip box stays on-screen\n function nudge(tooltipBox) {\n \u002F\u002F reset then measure\n tooltipBox.style.setProperty('--shift', '0px');\n const rect = tooltipBox.getBoundingClientRect();\n let shift = 0;\n\n if (rect.left \u003C OFFSET) {\n shift = OFFSET - rect.left; \u002F\u002F nudge right\n } else if (rect.right \u003E window.innerWidth - OFFSET) {\n shift = (window.innerWidth - OFFSET) - rect.right; \u002F\u002F nudge left (negative)\n }\n tooltipBox.style.setProperty('--shift', shift + 'px');\n }\n\n \u002F\u002F handle clicks anywhere in the document\n document.addEventListener('click', (e) =\u003E {\n const icon = e.target.closest('.tooltip-icon');\n\n if (!icon) { \u002F\u002F clicked outside any icon\n closeAll();\n return;\n }\n\n \u002F\u002F clicked on an icon → toggle its state\n const opened = icon.classList.toggle('is-open');\n\n if (opened) {\n \u002F\u002F ensure only one open at a time\n document.querySelectorAll('.tooltip-icon')\n .forEach(el =\u003E { if (el !== icon) el.classList.remove('is-open'); });\n\n \u002F\u002F after it becomes visible in the DOM flow, nudge if necessary\n const box = icon.querySelector('.tooltip-text');\n requestAnimationFrame(() =\u003E nudge(box));\n }\n });\n\n \u002F\u002F also close on ESC key\n document.addEventListener('keydown', (e) =\u003E {\n if (e.key === 'Escape') closeAll();\n });\n\n \u002F\u002F re-nudge on resize\n window.addEventListener('resize', () =\u003E {\n document.querySelectorAll('.tooltip-icon.is-open .tooltip-text')\n .forEach(nudge);\n });\n})();\n\u003C\u002Fscript\u003E\n\n\u003Cdiv id=\"money-group-mortgage-payment\"\u003E\u003C\u002Fdiv\u003E\n\u003Cscript\u003E\n(function() {\n var div = document.createElement('div');\n div.className = 'ca-widget';\n div.setAttribute('data-token', 'v3de02dfd46e');\n \n div.setAttribute('data-s1', window.__CNBC_META_DATA.id || '');\n div.setAttribute('data-s3', document.referrer || '');\n\n var script = document.createElement('script');\n script.async = true;\n script.defer = true;\n script.src = 'https:\u002F\u002Fsecure.money.com\u002Fembeds\u002Fembedder.js?v=1';\n \n var container = document.getElementById('money-group-mortgage-payment');\n container.appendChild(div);\n container.appendChild(script);\n})();\n\u003C\u002Fscript\u003E"}},"relation":[{"position":20,"relationType":"related","isPromoted":"false"}]},"data":{"__typename":"wildcard"},"children":[],"__typename":"bodyContent"},{"tagName":"subtitle","attributes":{},"data":{"__typename":"asset"},"children":["Florida homebuyer assistance programs"],"__typename":"bodyContent"},{"tagName":"div","attributes":{"className":["internal-link"],"id":"0xvBWG206l"},"data":{"__typename":"asset"},"children":[],"__typename":"bodyContent"},{"tagName":"div","attributes":{"className":["group"]},"data":{"__typename":"asset"},"children":[{"tagName":"p","children":["Homebuyers in Florida can take advantage of numerous programs offering aid with down payments, closing costs and more."]},{"tagName":"h3","children":[{"tagName":"strong","children":["Florida first-time homebuyer loans"]}]},{"tagName":"p","children":["Buying in Florida? See if you qualify for one of these 30-year fixed-rate mortgages."]},{"tagName":"p","children":[{"tagName":"strong","children":["The Homebuyer Program"]},{"tagName":"br"},"Backed by ",{"tagName":"a","attributes":{"href":"https:\u002F\u002Fwww.floridahousing.org\u002Fprograms\u002Fhomebuyer-overview-page","section":{},"premium":false,"contentClassification":[]},"children":["the Florida Housing Finance Corporation"]},", this 30-year fixed-rate mortgage is available to first-time buyers who meet income qualifications and have a credit score of 640 or better. The home price must fall below the designated limit for your county."]},{"tagName":"p","children":[{"tagName":"strong","children":["Florida Hometown Heroes Program"]},{"tagName":"br"},{"tagName":"a","attributes":{"href":"https:\u002F\u002Fwww.floridahousing.org\u002Flive-local-act\u002Fhometown-heroes-program","section":{},"premium":false,"contentClassification":[]},"children":["Eligible frontline workers"]}," who are first-time buyers can get a below-market rate and reduced fees on a conventional, FHA, VA or USDA loan. There's also down payment assistance worth up to 5% of the home's purchase price (up to $35,000) offered as an interest-free, non-forgivable second mortgage. 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