Home Purchase Loan Florida — 20 Programs From FHA to Jumbo, Built for Every Florida Buyer
A home purchase loan in Florida starts at a 500 credit score with FHA or VA, and 0% down is available through VA, USDA, and select down payment assistance programs. If your credit or income does not fit a standard file, Non-QM options like bank statement, DSCR, and foreign national loans keep the door open. Mortgage-World.com (NMLS #1630225) is a licensed Florida mortgage broker matching buyers in Miami-Dade, Broward, Palm Beach, Orlando, and Tampa with the program that fits their file.
Purchase Loan
Programs Offered
Down Payment
VA & USDA
Minimum Credit
Score (FHA & VA)
Down Available
First-Time Buyer
Your Answer Right Here
Home Purchase Loan Florida: Your Answer Right Here
A home purchase loan in Florida is any mortgage used to buy — not refinance — a property, and Mortgage-World.com offers 20 separate purchase programs so the loan fits your file, not the other way around. At 500 to 579 credit, FHA is usually the starting point at 10% down; once your score clears 580, that drops to 3.5% down. Veterans and active-duty buyers get 0% down through VA with no monthly mortgage insurance. Buyers with 620+ credit and steady W-2 income typically do best with Conventional, which offers competitive pricing at 3% down for first-time buyers and 5% down for everyone else. Self-employed buyers, retirees, condo buyers, and foreign national investors are covered too, through bank statement, DSCR, and foreign national financing. Florida buyers can also pair many programs with Florida Housing down payment assistance, including the Florida Hometown Heroes program. Call 888.958.5382 or apply free and we will tell you which program fits your file the same day.
Programs at a Glance
Every Florida Home Purchase Loan Program We Offer
Below is every purchase loan category we work with across Florida, grouped by how each one qualifies a buyer, with a brief note on what it is built for.
Government-Backed Home Purchase Loans in Florida
| Program | Min Credit Score | Min Down Payment | Best For |
|---|---|---|---|
| FHA | 500 (10% down); 580+ for 3.5% | 3.5% | Buyers with lower credit or limited savings |
| FHA 203k | 580 | 3.5% | Purchase plus renovation in a single loan |
| FHA Construction to Perm | 580 | 3.5% | Buyers building a home from the ground up |
| USDA | 550 | 0% | Eligible rural and suburban Florida properties |
| VA | 500 | 0% | Eligible veterans and active-duty service members |
Conventional and Conforming Purchase Loan Options
| Program | Min Credit Score | Min Down Payment | Best For |
|---|---|---|---|
| Conventional | 620 | 3% first-time buyer, 5% other | 620+ credit with stable W-2 income |
| HomeStyle Renovation | 620 | 5% | Purchase plus renovation, Conventional pricing |
| Home Possible & HomeReady | 620 | 3% | Moderate-income buyers, reduced mortgage insurance |
| Conforming High Balance | 620 | 5% | Loan amounts above the standard limit in high-cost FL counties |
| First-Time Home Buyer | 580–620 | 3% | Buyers purchasing their first home |
Non-QM and Alternative Income Purchase Loans
| Program | Min Credit Score | Min Down Payment | Best For |
|---|---|---|---|
| Self-Employed | 600 | 10%–15% | Business owners whose write-offs hurt reported income |
| Bank Statement | 600 | 10%–15% | 12 or 24 months of deposits instead of tax returns |
| Non-QM | 550 full doc 600 alt doc |
10%–15% | Recent credit events, high DTI, or non-traditional income |
| No Income Verification | 640 | 15%–20% | Qualifying off credit score and assets alone |
| Investor / DSCR | 600 | 20%–25% | Rental income covers the payment, not personal income |
Specialty Florida Purchase Loan Programs
| Program | Min Credit Score | Min Down Payment | Best For |
|---|---|---|---|
| Medical Profession Loans | 700 | 0% | Doctors and medical professionals, no monthly MI |
| Foreign National Mortgage | Case-by-case | 25%–30% | Non-U.S. citizens buying Florida investment or vacation property |
| Condo Financing | 620–660 | 10%–25% | Warrantable and non-warrantable condo purchases |
| Jumbo | 660 | 10%–20% | Higher-priced Florida homes up to $3M and beyond |
| 0% Down Payment | 500–620 | 0% | VA, USDA, and select down payment assistance |
Rates, credit score tiers, and down payment minimums shown are current as of July 2026 and subject to change based on the individual lender, property type, and the borrower’s full file.
Why This Matters in Florida
Why Florida Buyers Need the Right Purchase Loan Program
Florida is not one housing market. Miami-Dade, Broward, and Palm Beach counties carry a heavy share of condo purchases, foreign national buyers, and jumbo financing, while Orlando, Tampa, and Jacksonville see far more first-time buyers leaning on FHA or Florida Hometown Heroes assistance. Because of that spread, the loan that fits a Miami buyer is often not the loan that fits a Tampa buyer, and picking the wrong one before you shop can cost weeks of preapproval delays.
Condos add another layer that many buyers do not expect. Since the post-Surfside milestone inspection and structural integrity reserve study requirements took effect, some Florida condo buildings no longer qualify for standard Conventional financing, which is why we underwrite condo files separately before recommending a loan type. A retiree buying a condo in Palm Beach and a foreign national investor buying in Miami need very different underwriting paths, even at similar purchase prices.
FHA, VA, and Conventional Home Purchase Loans in Florida
FHA remains the most forgiving path for buyers with limited savings or credit still recovering, and it follows HUD’s FHA program guidelines on every file. VA financing, backed by the VA home loan benefit, gets eligible veterans and active-duty buyers into a Florida home with nothing down and no monthly mortgage insurance, which matters in a state with one of the largest veteran populations in the country. Conventional, meanwhile, tends to win on long-term cost once a buyer’s credit clears 620 and income documents cleanly through W-2s or pay stubs.
Non-QM, Self-Employed, and Investor Purchase Loan Options in Florida
Self-employed buyers are often penalized by their own tax returns, since legitimate write-offs that lower a tax bill also lower the income an underwriter can count. A bank statement loan solves that using 12 or 24 months of actual deposits. Investors get their own lane too: a DSCR loan qualifies the purchase off the property’s projected rent, so personal income never enters the file at all, which is why DSCR has become one of the most requested programs among Florida landlords buying second and third rental properties.
Foreign National, Condo, and Jumbo Buyers in Florida
Florida draws buyers who live outside the United States, and a foreign national mortgage lets a non-U.S. citizen purchase without a Social Security number or U.S. credit history, typically with 25% to 30% down. Condo buyers face a different underwriting path entirely, since some buildings carry non-warrantable status after failing reserve or inspection requirements, and we check that status before a buyer ever makes an offer. And in Miami-Dade, Broward, Palm Beach, and other higher-cost Florida counties, jumbo and conforming high balance financing exist because home prices routinely exceed the standard conforming loan limit.
Full Picture
What Each Program Requires
Here is what determines which Florida home purchase loan fits your file, across the four areas that matter most.
- FHA and VA: 500 minimum credit score
- Conventional: 620 minimum credit score
- Non-QM programs: 550 minimum full doc, 600 alt doc
- VA and USDA: 0% down for eligible buyers
- USDA requires an eligible rural or suburban address
- VA requires eligible veteran or active-duty status
- Jumbo and Conforming High Balance apply above standard limits
- Florida Hometown Heroes assistance layers with FHA and Conventional
- FHA, VA, Conventional: pay stubs, W-2s, or tax returns
- Bank Statement: 12–24 months of deposits
- No Income Verification: credit score and asset verification
- Investor/DSCR: qualifying rent, not personal income
- Single family, condo, PUD, and 2–4 unit properties eligible
- Condo buildings reviewed for warrantable status before closing
- Primary residences, second homes, and investment property
- Higher-cost counties may require jumbo or high balance financing
How It Works
Three Steps From Application to Closing
We review your credit, income type, and target property against all 21 programs before you apply, so you start with the right one instead of guessing.
Pay stubs and W-2s for FHA, VA, and Conventional — or bank statements, assets, or projected rent for a Non-QM path.
Once your program is confirmed, we move straight to closing with your rate and terms already set from day one.
Picking a home purchase loan in Florida should not feel like guesswork. Most buyers fit cleanly into one of these 21 categories — the trick is finding out which one before falling in love with a house or condo you cannot yet finance the way you assumed.
Related Resources
Related Mortgage Pages
A Florida home purchase runs on the right program. These pages cover the main options.
What Clients Say
Real Reviews From Our Clients
Here’s what a few of our clients said about working with Mortgage-World.com.
Common Questions Answered
Common Questions About Home Purchase Loans in Florida
