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Down payment requirements in Florida vary by loan type. FHA loans require as little as 3.5% down, conventional loans typically require 3-5%, VA loans require 0% down for eligible military members, and jumbo loans may require 10-20% or more. Our team can help you explore all available options.

For FHA loans, you need a minimum credit score of 580 to qualify for 3.5% down (some lenders accept 500+). For conventional loans, most lenders require 620 or higher. VA loans typically require 620+. Better credit scores may qualify you for lower interest rates, so it's worth improving yours before applying.

Most Florida home closings take 30-45 days from the offer acceptance date. This timeline includes the inspection period (typically 10 days), appraisal (7-10 days), underwriting (5-10 days), and final preparations. Delays can occur if inspections reveal issues or appraisals come in low, but our agents work hard to keep things on schedule.

While you can legally purchase a home without an agent, working with a buyer's agent is highly recommended. Your agent provides market expertise, negotiation skills, legal guidance, and has access to more listings. Best of all, the seller typically pays both agents' commissions in Florida, so there's no cost to you.

Closing costs in Florida typically range from 2-3% of the purchase price and include title insurance, appraisal fees, inspection fees, lender fees, property taxes, homeowner's insurance, and HOA fees. First-time buyers may qualify for assistance programs to help cover these costs, so ask about available programs.

2026 is a favorable time for buyers in South Florida. Inventory has increased 25% since 2024, mortgage rates remain moderate at 5.5-6.5%, and the market has shifted from a seller's advantage. Days on market average 45-60 days, giving you more negotiating power than in recent years.