Buying a home no longer requires the traditional 20% down payment. In today’s market—especially in areas like Clermont, Florida and Winter Garden real estate—there are multiple loan programs that allow buyers to secure a home with just 0–5% down. VA loans offer true 0% down financing for active-duty military members and veterans, while USDA loans provide 0% down options in eligible rural zones. Beyond that, first-time homebuyer programs, Florida grants, and other specialized loan products make homeownership far more accessible than most people realize. These programs exist to be used—so if you qualify, take advantage of them.
While putting less than 20% down does come with PMI (private mortgage insurance), that fee isn’t permanent. As your home equity grows, you can refinance later and eliminate PMI altogether. Meanwhile, waiting to save the full 20% can actually cost you more over time. Property values across Clermont, Winter Garden, and surrounding Central Florida areas continue to rise, meaning the longer you wait, the more expensive that future home becomes. With so many low-down-payment options available, buying sooner often sets you up for better long-term growth.
Popular Low-Down-Payment Options Include:
- VA Loans: 0% down for active-duty military and veterans
- USDA Loans: 0% down for eligible rural areas
- FHA & First-Time Homebuyer Loans: Typically 3–3.5% down
- Conventional Loans: As low as 3–5% down
- Florida Grant Programs: Assistance for qualifying buyers
- Refinance Later to Remove PMI: Once equity exceeds 20%
