The down payment is the single biggest hurdle most first-time buyers face. The good news: the “20% down” rule is a myth for the vast majority of buyers. Here are seven ways to make your down payment far more manageable.
7 ways to ease the down payment
- Use an FHA loan — qualified buyers can put down as little as 3.5%.
- Apply for Florida down payment assistance programs that offer grants or second loans.
- Use gift funds from a family member (allowed on most loan types with proper documentation).
- Explore conventional 3%-down programs for first-time buyers.
- Consider a USDA or VA loan if eligible — both can be zero down.
- Ask about lender or seller credits to offset closing costs.
- Automate savings and set a realistic target based on your actual loan program.
Match the program to your situation
Every buyer’s path is different. The right move is to get pre-approved first so you know exactly which programs you qualify for — then build a savings plan around that real number, not a guess.
We help Florida buyers stack the right loan program with available assistance so the down payment stops being a roadblock.
Ready to take the next step?
Talk to a licensed Florida mortgage broker or start your application today.