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1% Down · Florida

1% Down in Florida

1% Down in Florida — how it works, what it costs, and who qualifies.

Down Payment %
1%
On a $400K Home
$4,000
Loan Amount
$396,000
Sample Price
$400,000
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NMLS# 1859012 · Equal Housing Lender
1% Down · Florida

1% Down in Florida in Florida

In Florida specifically, 1% down pairs with state programs that change the math. Think Hometown Heroes (up to $35,000), county SHIP grants, and bond programs. Florida prices and insurance costs also shape the right down payment. As a local broker we shop lenders across all 67 counties for your situation.

A 1% down mortgage lets you contribute just one percent of the price. The lender adds a grant, usually another 2%, so you start with 3% equity without saving 3%. It is one of the few legitimate paths to a near-zero down conventional loan in Florida.

On a $400,000 Florida home, 1% down is $4,000 out of pocket. The lender grant covers the gap to the program minimum, and you finance the rest. That keeps cash in your account for moving costs, repairs, and reserves rather than draining it at the closing table.

These programs run through specific conventional investors and have income limits in many areas. They are not available on every loan. As a broker we know which lenders offer a true 1% down product right now. We confirm you fit the box before you write an offer.

1% Down at a Glance

✓Pay 1% of the price; the lender grant supplies the rest of the minimum equity.
✓Keeps thousands in the bank for reserves and move-in costs.
✓Runs on conventional financing with cancellable PMI, not a permanent fee.
✓Income limits apply in most areas — we confirm eligibility up front.

Read the full 1% down guide, or compare other loan types: FHA · Conventional · First-Time Buyers.

1% Down Snapshot
1%Down Payment %
$4,000On a $400K Home
$396,000Loan Amount
$400,000Sample Price
How It Works
01
Apply Online
5 min · soft credit pull only
02
Match Program
We shop lenders + assistance
03
Processing
Our team handles paperwork
04
Close
Typically 14–21 days
FAQ

1% Down in Florida Questions

How does 1% down work in Florida?

Florida buyers can combine 1% down with Hometown Heroes and county assistance to cut cash to close. A local broker shops lenders across all 67 counties. We factor Florida prices and insurance into the right down payment for you.

Is a 1% down mortgage real?

Yes. Several conventional lenders offer a 1% down program. You pay 1% and the lender contributes a grant, commonly 2%, to reach the 3% minimum equity. It is a real product, not a teaser, but it has income limits and is not offered by every lender. We match you to one that has it.

Do I keep the lender grant if I sell?

In most 1% down programs the grant is a true gift, not a second loan. There is nothing to repay when you sell or refinance. Terms vary by lender, so we confirm the grant structure in writing before you commit.

Official resources

Verify the details for your own situation against these government and agency sources: Florida Housing homebuyer programs and CFPB Owning a Home guide.

Related Tools & Programs
Loan ProgramRent-to-Own HomesCalculatorRefinance Calculator CalculatorCredit Score580 Score, CONVENTIONAL LoanCredit Score540 Score, JUMBO LoanbuyersRealtors Home LoansProperty TypeSingle Family: FHAProperty TypeBarndominium FinancingProperty Type55+ Community Home: DSCR
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1% Down Guide1% Down · FHA1% Down · Conventional1% Down · First-Time BuyersAll Down Payment OptionsApply for Pre-Approval

1% Down in Florida?

A licensed Florida mortgage broker who shops the loan and the assistance for you. 5-minute pre-approval, honest numbers.

(561) 300-0380

Figures are illustrative only and based on a sample purchase price. APR, payments, and assistance amounts vary by credit score, loan amount, income, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.