Buying your first home is one of the biggest decisions of your life. Divito Lending makes the process simple, transparent, and stress-free — with low down payment options and a real advisor in your corner.
First-time buyers have unique challenges. We've helped hundreds of Florida residents navigate the process — and we'll do the same for you.
Your personal mortgage advisor walks you through every form, every step, and every decision — no confusing jargon.
FHA loans as low as 3.5% down. VA and USDA programs offer 0% down for qualifying buyers.
We shop over 50 top lenders to find you the best rate and terms — not just what one bank offers.
Get a pre-approval letter within 24 hours at zero cost. Know exactly what you can afford before you shop.
Transparent pricing from day one. No application fees, no origination surprises — just honest mortgage brokering.
Questions don't wait for Monday. Our team is reachable Monday through Sunday, 9AM–9PM EST.
Every buyer's situation is different. Here are the most popular programs for first-time homebuyers.
FHA loans are backed by the Federal Housing Administration and are designed specifically for buyers who may not have perfect credit or a large down payment. With just 3.5% down and flexible qualification standards, this is the most popular choice for first-time buyers in Florida.
| Min. Down Payment | 3.5% |
| Min. Credit Score | 580 (10% down at 500) |
| Max. Loan Limit (FL) | $524,225 |
| Max. DTI Ratio | Up to 57% |
| Mortgage Insurance | Required (MIP) |
A conventional loan offers a predictable fixed rate over 30 years with as little as 3% down for first-time buyers. If your credit score is 620+, this program often delivers lower overall costs than FHA because private mortgage insurance can be removed once you reach 20% equity.
| Min. Down Payment | 3% (first-time) |
| Min. Credit Score | 620 |
| Max. Loan Limit | $766,550 |
| Max. DTI Ratio | Up to 45–50% |
| Mortgage Insurance | PMI (removable) |
If you've served in the U.S. military, you may qualify for a VA loan — one of the most powerful mortgage programs available. No down payment, no private mortgage insurance, and competitive rates. This is our most recommended program for eligible veterans and active-duty service members.
We've broken the homebuying journey into clear, manageable steps so you always know what's next.
Pull your free credit reports at AnnualCreditReport.com. Review for errors. Calculate your monthly income and existing debts — most lenders prefer your housing payment stays under 28% of gross monthly income. We offer a free budget consultation call.
A pre-approval letter tells sellers you're a serious, qualified buyer. We'll review your income, credit, and assets, then issue a letter fast — typically within 24 hours. It's free and doesn't hurt your credit score. This is the most important first step.
Work with a licensed Florida real estate agent to tour homes within your approved budget. Focus on neighborhoods, schools, commute, and HOA fees. Make sure any home you're serious about gets a professional inspection before signing.
Your agent helps you craft a competitive offer. Include your pre-approval letter to show financial strength. The seller may accept, counter, or reject. Once accepted, you'll sign a Purchase & Sale Agreement and enter the formal mortgage process.
Once under contract, we finalize your full mortgage application. You'll provide documents: W-2s or tax returns, pay stubs, bank statements, and ID. Our team submits your file to lenders, compares offers, and presents you with the best option.
The lender orders an appraisal to verify the home's value. Underwriting reviews your full file — they may ask for additional documents (called conditions). Your advisor will communicate every update and help clear any conditions quickly.
On closing day, you'll sign final loan documents and pay your down payment and closing costs. The title company (we partner with Atlantic Title Firm in Florida) handles the deed transfer. You get the keys — you're officially a homeowner!
First-time buyers are often surprised by costs beyond the down payment. Here's what to expect.
The upfront portion of the purchase price you pay. FHA: 3.5%. Conventional first-time: 3%. VA/USDA: 0%. Larger down payments lower your monthly payment and eliminate PMI faster.
Typically 2–5% of the loan amount. Includes lender fees, title insurance, appraisal, survey, recording fees, and prepaid items like homeowners insurance and taxes. Some are negotiable.
$300–$600 for a professional home inspection. Worth every penny — reveals structural, electrical, plumbing, and HVAC issues before you're legally bound to purchase.
$400–$700 ordered by the lender to confirm the home's market value matches the purchase price. Required for all mortgages. Paid by buyer at closing or upfront.
Required by all lenders. Florida averages $2,000–$4,000/year due to hurricane risk. Your first year's premium is typically collected at closing. Shop multiple insurers for the best rate.
1–3% of purchase price paid with your offer to show good faith. Applied toward your down payment at closing. Typically refundable if the deal falls through during contingency periods.
New credit cards or auto loans during the homebuying process can hurt your score and change your debt ratios. Wait until after closing.
Shopping for homes without a pre-approval means wasting time on houses you can't afford — and losing to buyers who are already approved.
Beyond down payment and closing costs, keep 2–3 months of payments as an emergency fund. Homes always have unexpected maintenance costs.
Your payment includes principal, interest, taxes, insurance, and possibly HOA fees. Budget for all components, not just the base mortgage payment.
Not every loan fits every buyer. Working with one bank limits your options. A mortgage broker like Divito Lending compares programs from 50+ lenders for your best fit.
Employment changes — even a raise — can delay or derail your loan. Stay employed in the same field until after the keys are in your hand.
Get a free pre-approval in 24 hours. No obligation, no hard credit pull for pre-qualification.