Florida offers resources to assist first-time homebuyers. Key programs include down payment and closing cost assistance, potentially reducing upfront expenses by thousands. The Florida Housing Finance Corporation (Florida Housing) is a primary resource. Eligibility typically requires income limits (varying by county and household size), credit score minimums (often 620 or higher), and completion of a HUD-approved homebuyer education course. Loan options may include Florida Housing Loan Program, Military Heroes Loan Program, and Homeownership Loan Program (HELP). Interest rates and loan terms vary. In 2023, the median sales price for existing single-family homes in Florida was roughly $400,000, making affordability a significant concern. These programs aim to bridge that gap. Available funding is often limited and operates on a first-come, first-served basis.