Can You Buy a House in Florida with No Money Down?

By Michael Renick | Florida’s West Coast Real Estate Specialist
Team Renick | Mangrove Realty Associates Inc.

Buying a home with no money down might sound like a dream — but in Florida, it’s possible. With the right loan program and some expert guidance, you can buy a home with little to no upfront cost.

💡 What Does “No Money Down” Mean?

No down payment means you’re not contributing an upfront percentage of the purchase price — but you’ll still need to cover closing costs, taxes, and other expenses. Still, it’s a huge financial break for many buyers.

🏡 3 Ways to Buy a Home in Florida with No Down Payment

1. VA Loans

  • Who it’s for: Veterans, active-duty military, and spouses
  • Benefit: $0 down, no PMI, flexible credit requirements

2. USDA Loans

  • Who it’s for: Buyers in eligible rural and suburban areas
  • Benefit: $0 down, low insurance, income-based eligibility

3. FHA Loan + Down Payment Assistance

  • Down payment: 3.5%, but grants can cover it fully
  • Programs: Hometown Heroes, FL Assist, local county aid

💳 Credit Requirements

Most programs require a minimum credit score of 620, plus steady income and a manageable debt load. Pre-approval is essential.

📋 Expect Other Costs

Even with no down payment, plan for:

  • 2–5% in closing costs (may be negotiable)
  • Appraisal and inspection fees
  • Home insurance and taxes

🧭 Is No Money Down Right for You?

It’s a great option if you’re eligible for VA or USDA loans, or can qualify for Florida’s down payment assistance. But it’s not for everyone — some buyers may benefit more from traditional programs with better rates and terms.

🏠 Let’s Explore Your Options

At Team Renick, we’ve helped buyers across the Gulf Coast use smart strategies to enter the market affordably. Whether you're just starting out or ready to buy, we’ll help you figure out what’s possible for you.

📚 Want more Florida buyer tips?
👉 Click here to browse my full blog archive

📞 Have questions?
Let’s talk through your next move.

Michael Renick
Florida’s West Coast Real Estate Specialist
Team Renick | Mangrove Realty Associates Inc.