State Buyer Guide

First-Time Home Buyer Guide
for Florida

Down payment assistance, Florida housing programs, closing cost estimates, and what to know before buying — including from FSBO sellers.

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$420,000
Avg Home Price
0.83%
Property Tax Rate
~$9,660
Est. Closing Costs
0.7% (documentary stamp tax)
Transfer Tax

Florida Housing Finance Agency Programs

The Florida Housing Finance Corporation is your primary source for below-market mortgage rates and down payment assistance in Florida. Programs are available through approved lenders — not directly through the HFA.

Florida Assist (FL Assist)
Up to $10,000 — due on sale, refinance, or transfer

Deferred 0% second mortgage for down payment assistance.

Income limit: Varies by county; typically $90,000–$130,000
Learn more at Florida Housing Finance Corporation
Florida Homeownership Loan Program (FL HLP)
Up to $10,000 at 3% over 15 years

Below-market rate second mortgage for down payment assistance.

Income limit: Varies by county
Learn more at Florida Housing Finance Corporation
High Value — $240/funded loan

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Closing Costs in Florida

Typical Closing Cost Range
2.3% of purchase price

On a $420,000 home: approximately $9,660

Transfer Tax
0.7% (documentary stamp tax)

Florida charges a documentary stamp tax of $0.70 per $100 of the sale price (0.7%), paid by the buyer on the deed.

Attorney at Closing?
No — title company state

Florida is a title-company state. An attorney is not legally required, but many buyers choose to hire one for document review, especially in FSBO transactions.

Key Tips for Buying in Florida

  • Apply for Florida's Homestead Exemption within the first year — saves up to $50,000 off your assessed value.
  • Flood insurance is required in flood zones and highly recommended elsewhere; rates have risen sharply in recent years.
  • Wind/hurricane insurance is separate from standard homeowners insurance — budget $2,000–$5,000/year in coastal areas.
  • Sinkholes are a real risk in central Florida; consider a sinkhole inspection and specific coverage.
Home Inspection

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Legal Help for Florida Buyers

While Florida doesn't require an attorney at closing, FSBO buyers should strongly consider having one review the purchase agreement and title work.

Legal Help for FSBO Buyers

Nolo

Nolo has been the go-to legal resource for DIY buyers since 1971. Their real estate guides explain purchase agreements, contingencies, and closing in language anyone can understand.

Browse Legal Guides
LegalZoom

Get a real estate attorney to review your purchase agreement or help you draft an offer letter — often for a fraction of traditional legal fees.

Get Legal Help
US Legal Forms

Download state-specific purchase agreements, addenda, and disclosure forms — written by attorneys, ready to use in your state.

Browse Real Estate Forms

Frequently Asked Questions

What first-time buyer programs are available in Florida?

Florida first-time buyers can access programs through the Florida Housing Finance Corporation (https://floridahousing.org/), including the Florida Assist (FL Assist) (Up to $10,000 — due on sale, refinance, or transfer) and the Florida Homeownership Loan Program (FL HLP) (Up to $10,000 at 3% over 15 years). Federal programs like FHA loans (3.5% down) and USDA loans (0% down in eligible areas) are also available.

What are typical closing costs in Florida?

Closing costs in Florida typically run 2.3% of the purchase price. Transfer tax: 0.7% (documentary stamp tax). Florida charges a documentary stamp tax of $0.70 per $100 of the sale price (0.7%), paid by the buyer on the deed.

Do I need an attorney to buy a home in Florida?

Florida is a title-company state. An attorney is not legally required, but many buyers choose to hire one for document review, especially in FSBO transactions.

What is the average home price in Florida?

The median home price in Florida is approximately $420,000. Property taxes average 0.83% of assessed value annually.

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