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How much do you need for a mortgage down payment?

Low Down Payment Financing

Are you considering purchasing a home in Florida but are unsure how much you need for a down payment?

You're not alone - The #1 reason most people say they are holding back from purchasing a home is they do not believe they have enough money for the down payment. And, misconceptions about how much you really need to put down further confuse the matter.

We are here to clear the air and help you accomplish your dreams of homeownership! Our preferred lenders offer finance options so you can purchase your new home with a down payment affordable for your budget. Just how low might your down payment be? With USDA or VA financing, or the help of a Florida Down Payment Assistance program, you may be able to purchase with just a $2,500 earnest money deposit at the time of contract and no down payment due at closing! And with an FHA loan, one of the most popular types of mortgages in Florida, you can own with as little as 3.5% down.

Your first step towards determining your purchase power and down payment options is to speak with a knowledgeable Highland Homes New Home Specialist, who will learn about your specific situation and connect you with a mortgage lender with finance options that meet your needs. Call or email us today!

*$2,500 (minimum) earnest money deposit due at time of contract with Highland Homes. Down payment at closing varies based upon loan type, credit score, income, and other qualifications. Certain conditions and restrictions may apply. Prices, rates, terms, and qualification guidelines subject to change without notice. See your Community Sales Manager for details.