Typical Down Payment Needed to Buy a Home in Florida

Thinking about buying a home in Deltona or DeLand, Florida? You’re not alone. These growing Central Florida cities are attracting first-time buyers, families, and even retirees thanks to their affordability, location, and charm. But before you start house hunting, let’s talk about something important: the down payment.

Whether you’re buying your first home or your fifth, knowing how much money you’ll need upfront is a game changer. This guide breaks down the typical down payment needed to buy a house in Florida, especially for homes in the Deltona and DeLand areas.

What Is a Down Payment?

A down payment is the amount of money you pay upfront when buying a house. It’s usually a percentage of the home’s purchase price, and it’s paid at closing.

Think of it as your investment into the property — the more you put down, the less you’ll owe in your monthly mortgage.

How Much Is a Typical Down Payment in Florida?

Here’s a quick overview of what most buyers in Florida can expect:

Conventional Loans

• Typical down payment: 5% to 20%

• Minimum allowed: 3% (for qualified first-time buyers)

• Great for buyers with good credit

FHA Loans (Government-backed)

• Minimum down payment: 3.5%

• Ideal for buyers with lower credit scores

VA & USDA Loans

• Down payment: 0%

• Available to veterans, active military, and buyers in rural eligible areas

📍 Local Snapshot – Deltona & DeLand

• Median home price (Q2 2025):

  • Deltona: ~$285,000

  • DeLand: ~$310,000
    

• 3.5% down on a $300,000 home = $10,500

• 20% down on the same = $60,000

So depending on the loan you choose and your financial situation, your down payment could range from $0 to $60,000+.

What Affects How Much You Need?

1. Loan Type

Government-backed loans (FHA, VA, USDA) usually allow lower or no down payments.

2. Credit Score

A higher score can help you qualify for lower down payment options and better interest rates.

3. First-Time Buyer Status

You may qualify for 3% down or local down payment assistance if this is your first home.

4. Local Programs

Florida and Volusia County sometimes offer grants and homebuyer assistance programs to help reduce out-of-pocket costs.

How to Prepare for Your Down Payment

✅ Start Saving Early

Set up a dedicated savings account and add a little every month.

✅ Look Into Assistance Programs

Check with local lenders or reach out to MainStreet Realty for referrals to trusted partners.

✅ Get Pre-Approved

This gives you a clear picture of what you can afford — and how much you’ll need up front.

FAQs About Down Payments in Florida

What’s the average down payment on a house in Florida?

Most Florida buyers put down between 3% to 20%, depending on the loan type and credit score.

Can I buy a house with no money down in Florida?

Yes — if you qualify for a VA or USDA loan, or receive help from a local down payment assistance program.

Do I need 20% down to buy a house in Deltona or DeLand?

Nope! While 20% avoids mortgage insurance, many buyers qualify with just 3% or 3.5% down.

FAQs About MainStreet Realty

Who is MainStreet Realty?

We’re a local, full-service real estate brokerage helping buyers and sellers across Deltona, DeLand, Lake Nona, and Kissimmee.

Can you help me find first-time homebuyer programs in my area?

Absolutely! We work with trusted lenders and loan officers who can walk you through your options.

Why choose MainStreet Realty?

We combine local expertise with personalized service to guide you through every step of the homebuying process — from budgeting to closing day.

Final Thoughts

Buying a home in Deltona or DeLand doesn’t have to feel overwhelming. By understanding your down payment options and choosing the right loan for your situation, you can move forward with confidence.

Have questions about how much you’ll need to put down? Let’s talk!
MainStreet Realty is here to guide you every step of the way.

📞 Ready to Take the First Step?

Contact us today to schedule your free homebuyer consultation.
👉 https://buymainstreetre.com

Email: [email protected]

Address: 2 Volusia Drive Debary, FL, 32713

Phone Number: Orlando: 407-789-0925  |   Volusia: 386-259-2426   |   Lake:352-729-1425