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    Financing Options,
    Made Simple

    A quick guide to the most common loan programs for Florida homebuyers so you know what to ask your lender.

    Florida Down Payment Assistance: This program applies to homes purchased in Florida.

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    Find the right loan for your situation

    The right loan depends on your situation. A good lender will help you compare options. We can connect you with lenders we trust.

    Common loan programs

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    Conventional Loan

    Best for: Buyers with solid credit and some savings.

    • Most common loan type.
    • Lower down payment options available.
    • Mortgage insurance can be removed once you build enough equity.
    • Works for primary homes, second homes, and investment properties.
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    FHA Loan

    Best for: First-time buyers or buyers rebuilding credit.

    • Backed by the federal government.
    • More flexible credit requirements.
    • Low down payment option.
    • For primary residences only.
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    VA Loan

    Best for: Veterans, active-duty service members, and eligible surviving spouses.

    • Often no down payment required.
    • No monthly mortgage insurance.
    • Competitive terms.
    • A huge benefit for those who served.
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    USDA Loan

    Best for: Buyers looking in eligible rural and suburban areas.

    • Often no down payment required.
    • Some areas outside city centers on the Treasure Coast may qualify.
    • Income limits apply.
    • Ask your lender to check a specific address.
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    Florida Down Payment Assistance

    Best for: Florida buyers who need help with down payment and closing costs.

    • Statewide programs offered through Florida Housing.
    • Local help through SHIP (State Housing Initiatives Partnership), run by each county and some cities.
    • St. Lucie, Indian River, and Martin counties each run their own SHIP program with their own rules.
    • Availability, funding, and income limits change, so check current status with a participating lender or your county housing office.
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    Adjustable Rate Mortgage (ARM)

    Best for: Buyers who may sell or refinance within several years.

    • Starts with a fixed rate for a set period, then adjusts.
    • Can mean lower starting payments.
    • Rate can go up later.
    • Make sure you understand the adjustment terms.
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    Thinking about your timing?

    Wondering if now is a good time to buy?
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    New Construction Perks

    Builders often offer financing incentives when you use their preferred lender. These can include:

    • Temporary or permanent rate buydowns
    • Help with closing costs

    Incentives vary by builder and change often. We help you compare them so you get the best overall deal.

    Compare New Construction vs. Resale
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    Questions to Ask Your Lender

    1. Which loan programs do I qualify for?
    2. How much should I plan for down payment and closing costs?
    3. Will I need mortgage insurance, and can it be removed later?
    4. Can I get pre-approved before I start looking?
    5. Are there any programs or assistance I might be missing?

    Questions about buying on the Treasure Coast? Call Pete or Kate

    Not Sure Where to Start?

    Talk to Peter and Kate.

    Call us and we'll walk you through your options and connect you with a lender we trust.

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    This page is for general educational purposes only and is not a loan offer or financial advice. Loan programs, requirements, and availability change. Please consult a licensed mortgage lender for details specific to your situation.

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