How to Buy a House in Florida: Step-by-Step Guide
Follow these 10 steps to navigate the home buying process in Florida. Note: Florida requires an attorney at closing.
Check Your Credit Score & Finances
Review your credit report, calculate your debt-to-income ratio, and determine how much you can afford. Most lenders want a credit score of 620+ for conventional loans, or 580+ for FHA loans.
Get Pre-Approved for a Mortgage
Contact multiple lenders to compare rates and get a pre-approval letter. This shows sellers you're a serious buyer and tells you exactly how much you can borrow.
Florida Note: The current FHA loan limit in Florida is $472,030.
Find a Real Estate Agent
Work with a licensed Florida real estate agent who knows your target area. Agents are regulated by the Florida Department of Business and Professional Regulation.
Search for Homes & Make an Offer
Browse listings in Florida where the average home price is $405,280. Homes typically stay on market for 45 days. When you find the right one, your agent will help you submit a competitive offer.
Get a Home Inspection
Hire a licensed home inspector to evaluate the property's condition. This typically costs $300-$500 and can save you from expensive surprises.
Secure Your Financing
Finalize your mortgage application, lock in your interest rate, and provide all required documentation to your lender. The lender will order an appraisal.
Get Homeowners Insurance
Shop for homeowners insurance in Florida. Your lender will require proof of insurance before closing. Compare at least 3-4 quotes.
Review Closing Disclosure
You'll receive a Closing Disclosure at least 3 business days before closing. In Florida, average closing costs are $19,842 (4.9% of the home price). Review every line carefully.
Close on Your New Home
Florida requires an attorney to be present at closing. You'll sign all final documents, pay closing costs, and receive the keys to your new home.
Move In & File Your Homestead Exemption
Congratulations! After moving in, file for Florida's homestead exemption (Unlimited value, up to 1/2 acre in city) to reduce your property taxes.
Florida Legal Quick Reference
Conveyance
Warranty deed
Security
Mortgage
Foreclosure
Judicial
Attorney
Required
Seller Disclosure Requirements
Sellers must disclose non-obvious issues that materially affect value-radon hazards, coastal erosion rules, homeowners'-association matters, property-tax changes, environmental hazards, boundary disputes, pest infestations, sinkholes and structural problems.
