Home›Down Payment›3.5% Down›Florida
3.5% Down · Florida

3.5% Down in Florida

The FHA minimum — flexible credit, 580 score floor, and easy to pair with assistance.

Down Payment %
3.5000000000000004%
On a $400K Home
$14,000
Loan Amount
$386,000
Sample Price
$400,000
Call Now
Get Pre-Approved in 3.5% Down in Florida
5 minutes · No cost · Soft credit pull only
NMLS# 1859012 · Equal Housing Lender
3.5% Down · Florida

3.5% Down in Florida in Florida

In Florida specifically, 3.5% down pairs with state programs that change the math — 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.

Three and a half percent down is the FHA minimum, and it is the most forgiving low-down path for buyers with a 580 to 680 score. FHA looks past thinner credit and higher debt ratios than conventional, which is why it is the workhorse loan for Florida first-time buyers.

On a $400,000 home, 3.5% down is $14,000. FHA carries an upfront mortgage insurance premium and a monthly one, but the trade is real flexibility on credit and debt. With a 580 score you still hit the 3.5% minimum; below that you need 10% down.

FHA also stacks cleanly with Florida Hometown Heroes and SHIP assistance, which can cover most or all of that 3.5%. That combination is how many Florida buyers get into a home with almost nothing out of pocket.

3.5% Down at a Glance

✓FHA minimum down payment at 3.5% with a 580+ score.
✓Forgiving on credit history and debt-to-income ratio.
✓Stacks with Hometown Heroes and SHIP down payment help.
✓Below 580, the minimum rises to 10% down.

Read the full 3.5% down guide, or compare other loan types: FHA · Conventional · First-Time Buyers.

3.5% Down Snapshot
3.5000000000000004%Down Payment %
$14,000On a $400K Home
$386,000Loan 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

3.5% Down in Florida Questions

How does 3.5% down work in Florida?

Florida buyers can combine 3.5% down with Hometown Heroes and county assistance to cut cash to close, and a local broker shops lenders across all 67 counties. We factor Florida prices and insurance into the right down payment for you.

What credit score do I need for 3.5% down?

FHA requires a 580 middle score for the 3.5% minimum down payment. Between 500 and 579 you can still get an FHA loan but with 10% down. A higher score lowers your rate, so if you are close to a threshold we will tell you whether a small bump is worth it.

Can assistance cover the 3.5% FHA down payment?

Yes. Florida Hometown Heroes offers up to $35,000 and county SHIP programs add more. Stacked with an FHA loan, that assistance can cover the full 3.5% down payment and part of your closing costs. We line both up before you shop.

Keep Going
3.5% Down Guide3.5% Down · FHA3.5% Down · Conventional3.5% Down · First-Time BuyersAll Down Payment OptionsApply for Pre-Approval

3.5% 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.