Budget, pre-approval, assistance programs, inspections, insurance and closing, in order.
Reviewed and updated October 3, 2026 by Ryan and Megan Winslow, Winslow Homes
Buying your first home is a series of small, clear decisions. This guide puts them in order so you know what comes next and what it costs.
Your payment includes principal, interest, property taxes, homeowners insurance, mortgage insurance and any HOA dues. In Florida, add wind and flood insurance where needed. Plan for closing costs of about 2% to 5% of the price, plus a cushion for moving and repairs.
A pre-approval shows sellers you are ready and sets your price range. Ryan and Megan, Mortgage Bankers with The Federal Savings Bank, compare FHA, conventional, VA and USDA options for you.
Each state runs first-time buyer help:
Cities and counties add their own help. See down payment assistance.
In Florida, file for homestead with your county property appraiser by March 1 after you move in.
It depends on the loan. FHA needs 3.5% down, conventional starts at 3% for eligible buyers, and VA and USDA start at zero. Add closing costs and reserves, then ask about assistance.
Most do. Limits vary by state, county and household size. Ryan and Megan check them with you during pre-approval.
Most programs count anyone who has not owned a home in the last three years.
Get pre-approved, learn which programs fit, and start touring homes with a plan.
Ryan and Megan serve Miami, Fort Lauderdale, New Smyrna Beach, Orlando, the Florida Keys and the surrounding towns in Florida, Worcester County and Boston and Suffolk County in Massachusetts, plus Rhode Island and Connecticut. Call or text 386-690-5858.
Get coming-soon homes, pocket listings and price drops before they hit the big home search sites.
Instant answers on programs, payments, towns and homes, any time, in English or Spanish. Ryan and Megan follow up personally.
Estimates from your inputs only. Not a loan offer, rate quote or approval. Ryan and Megan, Mortgage Bankers with The Federal Savings Bank (NMLS #411500), confirm real numbers.
