Buy a Home in Florida Without a Down Payment

Borrowers can receive full assistance for the required 3.5% FHA down payment and even a portion of their closing costs

Verify Your 100% FHA Zero Down Program Eligibility
Happy Family Sitting on Sofa in Their New Home in Florida

Full Down Payment Assistance for Qualified FHA borrowers

100% FHA Zero Down Financing is a great program that's specifically designed to help Florida residents who are qualified FHA borrowers purchase a home without having to worry about making a down payment or covering closing costs.

The best part about this program is that it helps make homeownership more accessible to qualified borrowers who may not have the money upfront to cover these costs.

By eliminating these expenses, borrowers can purchase a home sooner and avoid the hassle of having to save up for a down payment. They can also use their savings for other expenses such as furniture, repairs, or moving costs.

With this program, buyers can take advantage of the benefits of FHA financing, which include lower credit score requirements, lower interest rates, and flexible income and debt-to-income ratio guidelines.

In conclusion, the 100% FHA Zero Down Financing program is a remarkable opportunity for eligible homebuyers in Florida to achieve their dream of homeownership without the burden of a large down payment.

FHA Mortgage Loan Boost

FHA borrowers have the opportunity to apply for a second lien that covers the required down payment.

Full down payment assistance to cover the entire 3.5% FHA down payment.

Full down payment assistance to cover the entire 3.5% FHA down payment PLUS 1.5% to put toward closing costs (for a total of 5%).

Program Guidelines

Available for qualified first-time and repeat buyers wanting assistance with their down payment.

Down Payment Assistance

3.5% or 5% Repayable. Second lien is based off of the lower of the purchase price or appraised value. Amortized, 10-year term with a fixed interest rate 2% higher than the first mortgage.

First Time Homebuyer

Borrower is not required to be a First Time Homebuyer.

Loan Terms

Fixed Rate 30 year only. Minimum loan terms - 241 months and maximum loan terms - 360 months.

Number of Borrowers

The maximum number of borrowers permitted is four.

Gift Funds

Buyers may still use gift funds for a larger down payment or to cover additional closing costs.

Loan Amount

Max Loan Amount - $726,500 (FHA loan limits apply if lower)

Min Loan Amount - $30,000

Note - Loans with High Balance limits are not eligible.

Borrower Eligibility Requirements

If you’re applying for an FHA loan and want help covering your down payment (and closing costs), this program is for you.

Minimum FICO credit score of 620 (640 for Manufactured Homes).

Maximum debt-to-income (DTI) ratio of 50%.

Borrowers must be purchasing a primary residence.

Borrower is required to take Homebuyer Education prior to closing from a HUD Approved Counseling Service.

Qualifying income must be less than or equal to 160% of the AMI (Area Median Income) for the county, in which the property is to be purchased.

Property Eligibility

Primary Residence Only

  • Single-family homes
  • Multi-family homes up to 2 units
  • Condos
  • Manufactured homes (1 unit only)

Ineligible Manufactured Housing Features

  • Building on Own Land
  • Condo
  • Construction to Perm
  • Deed Restricted
  • Co-op
  • Homes in Parks
  • Homes Previously Installed or Occupied at another site
  • Proposed or Under Construction
  • Single wide manufactured homes
  • Leasehold manufactured properties
  • Resale restricted Properties

Ineligible Property Types

  • 3-4 unit properties
  • Commercial enterprise
  • Boarding houses
  • Hotels
  • Motels and Condotels
  • Tourist houses
  • Private clubs
  • Bed and breakfast establishments
  • Other transient housing
  • Vacation Homes
  • Fraternity / Sorority houses
  • Properties not conforming to area or with unlike comps

Note - Not applicable for second homes or investment properties.

We are Here to Help You

We are dedicated to finding great rates and loan options for our customers while offering some of the fastest turn times in the industry. Our goal is to act as a trusted advisor, providing highly personalized service and helping you through every step of the loan process — from application to closing and beyond. It’s all designed to exceed expectations, provide satisfaction and earn trust.