Home Financing Guide
Unlock Your Buying Power: Financing Your Florida Home
Buying a home is exciting, but securing a mortgage can feel confusing. Interest rates fluctuate, and loan programs change. We post regular updates about interest rate shifts and financing tips to keep you informed.
Understanding Your Loan Options
There are several ways to finance a home in Florida. Choosing the right one depends on your credit score, down payment, and the location of the property.
- FHA Loans: Popular with first-time homebuyers. Requires as little as 3.5% down and offers flexible credit requirements.
- VA Loans: An earned benefit for eligible veterans and active military. Offers 0% Down Payment and no monthly mortgage insurance.
- USDA Rural Development: A powerful tool for the Heartland. Offers 0% Down Payment for properties located in designated rural areas (which covers much of our service territory).
- Conventional Loans: The standard for borrowers with strong credit. Down payments can range from 3% to 20% and often have fewer fees than government-backed loans.
Connect With Our Preferred Local Lenders
Andi Hays
PRMG
Specializes in helping diverse borrowers, from First-Time Homebuyers to Veterans.
Douglas Clark
Citizens Bank and Trust
The oldest bank in Polk County. Ideal for those who prefer a traditional relationship.
Joe Andrews
CMG Home Loans
Known for innovative tools like the "All In One" Loan and HomeFundIt.
Latest News from the Heartland
Stay updated on financing, market shifts, and Heartland living.
