First-Time Homebuyer Guide: How to Buy Your First Home in Florida (2026)

Buying your first home in Florida is one of the biggest financial decisions you will make. It can feel overwhelming, but with the right preparation and guidance, the process is very manageable. I have helped over 600 families navigate this exact process.

Here is your step-by-step roadmap to homeownership in Florida.

Step 1: Check Your Credit Score

Your credit score determines which loan programs you qualify for and what interest rate you will receive. Here is the general breakdown:

• 740+: Best rates on conventional loans
• 620-739: Qualifies for conventional loans at slightly higher rates
• 580-619: FHA loans with 3.5% down payment
• 500-579: FHA loans with 10% down payment

If your score is below where you want it, do not panic. I can review your credit report and give you specific steps to improve it, often by 20 to 50 points within 30 to 60 days.

Step 2: Determine How Much You Can Afford

A common rule of thumb is that your total monthly housing payment (mortgage, taxes, insurance) should not exceed 28% to 33% of your gross monthly income. On a $60,000 salary, that means a housing payment of roughly $1,400 to $1,650 per month.

Use the mortgage calculator on my website to get a quick estimate, then call me for personalized numbers based on your complete financial picture.

Step 3: Get Pre-Approved

Pre-approval is different from pre-qualification. Pre-approval means a lender has verified your income, assets, and credit and is willing to lend you a specific amount. Sellers in Florida take pre-approved buyers seriously. Without it, your offers will likely be ignored.

Step 4: Choose the Right Loan Program

First-time buyers in Florida have several options:

• Conventional (3% down): Best for borrowers with 620+ credit scores and stable income
• FHA (3.5% down): More flexible on credit. Great for scores between 580 and 619
• VA (0% down): For veterans and active military. No PMI
• USDA (0% down): For homes in eligible rural areas. Income limits apply

Step 5: Florida Down Payment Assistance Programs

Florida offers several programs to help first-time buyers:

• Florida Hometown Heroes: Up to 5% of the loan amount for down payment and closing costs for workers in over 50 professions
• Florida Assist: Up to $10,000 as a deferred second mortgage at 0% interest
• HFA Preferred/Advantage: Below-market rates with grant funding for down payment

I will check your eligibility for all available programs and stack them when possible to minimize your out-of-pocket costs.

Step 6: Find a Home and Make an Offer

Work with a local real estate agent who knows your target area. With your pre-approval letter in hand, you can make strong offers quickly. In competitive Florida markets, speed matters.

Step 7: Close on Your New Home

After your offer is accepted, the typical timeline is 30 to 45 days. During this time, I coordinate the appraisal, underwriting, title work, and insurance. I keep you updated at every step so there are no surprises at the closing table.

Get Started Today

The hardest part of buying your first home is taking the first step. Call me at 850-346-8514 or start the 60-Second Home Qualifier on my website. No credit check, no obligation. Just clear numbers and honest guidance.