Florida 1% Down & First-Time Buyer Programs
Low Down Payment Mortgage Options for Florida Homebuyers
Mortgages Done Right helps Florida first-time homebuyers explore low down payment mortgage programs, down payment assistance options, and affordable financing solutions. Some qualified Florida homebuyers may be able to purchase a home with as little as 1% down when combined with eligible down payment assistance programs.
These programs can be especially helpful for buyers who have steady income and good credit but need help reducing the amount of money required upfront.
30+ Years Experience • 25+ Wholesale Lenders • $1 Billion+ in Loans Closed
What Is a 1% Down Conventional Loan?
A 1% down conventional loan is a mortgage program that allows qualified buyers to purchase a home with just 1% as a down payment. Unlike FHA loans, many of these programs do not require private mortgage insurance (PMI), which can meaningfully reduce your monthly payment over the life of the loan.
With a smaller down payment, buyers can also begin building home equity sooner — an important advantage in Florida’s competitive real estate market. This program has been gaining traction among first-time buyers who have stable income and solid credit but want to preserve cash for closing costs, reserves, or other financial goals.
Wondering how this compares to other low down payment options? See how FHA loan requirements stack up against conventional financing for Florida buyers.
How 1% Down & Down Payment Assistance Programs Help
- Lower upfront cash needed to purchase a home
- Potential down payment assistance for qualified borrowers
- Options for first-time homebuyers in Florida
- May help buyers enter the market sooner
- Can be combined with eligible mortgage programs
- Personal guidance comparing available loan options
When Is the Right Time to Apply?
A 1% down conventional loan may be the right fit if:
- You are a first-time homebuyer looking to enter the market with minimal upfront cash
- You have a stable, documented income that supports consistent monthly mortgage payments
- You have good credit that can help you qualify for competitive interest rates and flexible loan terms
- You want to avoid PMI and keep your monthly payment as lean as possible
Not sure if you qualify? Check your eligibility or speak with Greg Hayden directly to review your credit, income, and available program options before making any decisions.
Why Work With Mortgages Done Right?
With more than 30 years of mortgage experience, access to over 25 wholesale lenders, and over $1 billion in loans closed, Mortgages Done Right helps Florida buyers compare available loan programs and understand their options clearly.
Greg Hayden works directly with clients to review credit, income, down payment options, estimated payments, closing costs, and program eligibility before moving forward.
Florida First-Time Buyer Program Review
If you are looking for a low down payment mortgage or want to know whether a 1% down or down payment assistance program may fit your situation, Mortgages Done Right can help you review your options.
Call Greg Hayden directly at
(561) 777-7622