Who can buy?
Almost anyone can buy property in Florida, even without being a citizen. For the loan there are several routes:
- Conventional, FHA or VA loans: for citizens and residents with a good history.
- ITIN loans: offered by some lenders, usually with a larger down payment and higher rates.
A 2023 Florida law restricts property purchases near military installations or critical infrastructure by people domiciled in certain countries — including Cuba and Venezuela — who are not U.S. citizens or permanent residents. If that’s you, talk to a real estate attorney before making an offer.
Down payment assistance
The Florida Housing Finance Corporation and some counties and cities offer down payment assistance for first-time buyers, including the Hometown Heroes program for certain workers. Almost all require a homebuyer class and have income limits.
Costs many people forget
- HOA: homeowners association dues, monthly or yearly.
- CDD: very common in new subdivisions in Osceola, Lake and Polk. It appears on the property tax bill and can add hundreds or thousands of dollars a year.
- Homeowners insurance: expensive in Florida. Get a quote before making an offer.
- Flood insurance: check the property’s flood zone.
- Closing costs: usually 2–5% of the price.
Recommended steps
This guide is informational and is not a substitute for advice from a lawyer or other professional. Laws and requirements change — always confirm with the official source. See something out of date? Email us at hola@soyorlando.com.