Most first-time Florida buyers put down far less than 20% — often 3-5%, sometimes 0% with VA eligibility or down payment assistance. The "right" amount isn't a fixed percentage; it's whatever gets you into a home on the strongest terms for your actual financial picture.
Up to $10,000 as a 0% interest deferred second mortgage. No monthly payment. Repaid only when you sell, refinance, or pay off the first mortgage.
Up to $12,500 as a 3% fully amortizing 30-year second mortgage, with a small fixed monthly payment.
Many Florida counties run their own down payment assistance, ranging from $5,000 to $60,000+ depending on location and funding cycle.
3.5% (FHA), 3% (conventional first-time buyer), 0% (VA if eligible). Twenty percent avoids mortgage insurance but isn't required.
Most programs define this as not owning a primary residence in the past 3 years — not literally your first home ever.
Nearly all assistance programs require a short HUD-approved course, often completed online in a single sitting.
Eligibility varies by county and household size — worth checking even if you assume you're over the limit.
Down payment is only half the number. See how closing costs factor in too.
See Down Payment vs. Closing Costs →Private consultation with Kelly or Ray Nadeau. We'll check your assistance program eligibility and map out your real number — no obligation.
📞 321-321-9455 · Kelly Nadeau NMLS #1027618 · Ray Nadeau NMLS #1027617