FHA $0 Down Strategy — Florida 2026

FHA Loan With No Money Down Florida

Technically FHA requires 3.5% down — but Florida's down payment assistance programs can cover it entirely. Here's how Florida buyers close on an FHA loan with little or zero out-of-pocket.

$0
Out-of-Pocket Possible
3.5%
FHA Min Down — Covered by DPA
580+
Min FICO Score
Get Pre-Approved📞 (561) 300-0380
By Onias Derilus, NMLS# 1859012 · Licensed FL Mortgage Broker · Last Updated: May 2026
FHA With No Down Payment Florida

How to Get an FHA Loan With $0 Down in Florida

FHA loans technically require a 3.5% minimum down payment. However, Florida's down payment assistance programs are specifically designed to cover that requirement — resulting in a true $0 out-of-pocket FHA purchase for eligible buyers.

The most common strategy: pair an FHA first mortgage with the Florida Hometown Heroes second mortgage (up to 5% of loan amount, 0% interest). Furthermore, if the DPA amount exceeds your 3.5% down payment requirement, the excess can cover closing costs. As a result, many Florida buyers close with under $1,000 out of pocket.

Additionally, county-level SHIP grants in Palm Beach, Broward, and Miami-Dade can provide up to $60,000 in assistance — more than enough to cover both the down payment and all closing costs. However, SHIP funding is limited and distributed on a first-come, first-served basis. Because of this, acting quickly matters.

✓FHA first mortgage (3.5% down) + FL Hometown Heroes second (covers 3.5%+ closing costs)
✓SHIP grant programs — up to $60K in some FL counties (Palm Beach, Broward, Miami-Dade)
✓Seller concessions up to 6% — seller can cover remaining closing costs
✓Gift funds accepted — 100% of down payment can come from a family gift
✓580 minimum FICO · Works for first-time buyers and some repeat buyers
✓Mortgage Capital handles all DPA stacking and certification
$0 Down FHA Strategy — $275,000 FL Home
Purchase Price$275,000
FHA Loan (96.5%)$265,375
Required Down Payment (3.5%)$9,625
Hometown Heroes DPA (5%)$13,269
Down Payment Covered?Yes — fully covered
Remaining DPA for Closing$3,644
Upfront MIP (financed)$4,644
Cash to Close~$1,000–$2,500
Monthly Payment (est. 6.625%)~$2,050/mo
Example only. Actual amounts vary. Subject to income limits & credit approval.
Explore Related Programs
FHA Loans FloridaDown Payment AssistanceFlorida Hometown HeroesFirst-Time Home Buyer Programs

Close on an FHA Loan With $0 Down in Florida

DPA stacking · FL Hometown Heroes + SHIP grants · Eligibility check · NMLS# 1859012

📞 (561) 300-0380

Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.