Florida Home Buying Guide
South Region · Judicial Foreclosure State
Key Facts at a Glance
What Makes Florida Unique
Homestead exemption saves up to $50,000 on assessed value
No state income tax
Hometown Heroes program for first responders, educators
First-Time Buyer Programs in Florida
Florida HFA Preferred Conventional
Contact your state housing finance agency for current eligibility and rates
FL Assist (DPA)
Contact your state housing finance agency for current eligibility and rates
Florida Hometown Heroes
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in Florida
Attorney at Closing
Attorney Not Required
Florida does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.
Local Tips for Florida Buyers
Apply for homestead exemption by March 1 after closing.
Insurance costs are high due to hurricane risk — budget carefully.
Judicial foreclosure process can take 18+ months.
Estimated Annual Ownership Cost in Florida
Based on the median home price of $415,000 with a 10% down payment and 7% mortgage rate.
Ready to Calculate Your Numbers?
Use our free calculators to estimate your monthly payment, affordability, and closing costs in Florida.