The down payment needed to buy your first home in Florida depends on the loan program and your financial situation. Conventional loans typically require 3% to 20% down, while FHA loans allow as little as 3.5%. VA loans for veterans often require no down payment at all. Many Florida buyers use down payment assistance programs to reduce upfront costs. Knowing how much to save can help you plan effectively. For example, on a $300,000 home, a 3.5% FHA down payment is $10,500, while 20% conventional is $60,000. Evaluate your options and choose the program that fits your budget.
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