Could You Be a First-Time Homebuyer Again in Florida?

One of the most common misunderstandings I hear is that first-time homebuyer programs are only available to people who have never owned real estate.

Florida Housing’s definition is broader than many buyers realize. You may meet its first-time requirement when you have not owned and occupied your primary residence during the previous three years.

That distinction could matter to someone who sold a home several years ago, previously owned investment property or is returning to homeownership after renting.

Florida Housing currently offers 30-year fixed-rate mortgages through approved lenders. Buyers must meet the applicable credit, income, purchase-price, education and occupancy requirements. Its general homebuyer guidelines currently list a minimum 640 credit score.

Available assistance may include Florida Assist, which offers up to $10,000 as a 0% deferred second mortgage, and the newly funded 2026 Hometown Heroes program. The new Hometown Heroes round became available July 13 and may provide eligible buyers with 5% of the mortgage amount, between $10,000 and $35,000. Both forms of assistance must eventually be repaid.

Local availability must also be checked carefully. Jacksonville’s Headstart to Homeownership program can offer substantial assistance when funded, but the City currently lists it as closed to new applicants.

The practical lesson is simple: do not disqualify yourself based on an assumption.

Have a qualified lender review your actual situation before deciding that you need a particular down payment—or that assistance is unavailable to you. The right answer depends on your employment, income, credit, ownership history, intended property and the funding available when you apply.

Explore the Financing Guide

Programs and funding can change. Final eligibility and mortgage approval are determined by the program administrator and participating lender.

Michael Leachman Real Estate