Does Davie, FL have a first-time homebuyer program?

Yes. The Town of Davie offers purchase assistance through its Housing & Community Development office when funding is open, usually for income-eligible buyers purchasing inside town limits. Check the town's website for current status and limits.

Can I combine Davie and Broward County assistance?

Sometimes. It depends on each program's rules in the current funding year. A lender that participates in both can confirm whether they can be layered on the same purchase.

What credit score do I need for an FHA loan in Davie?

FHA allows lower scores than most conventional loans, but lenders and assistance programs set their own minimums. Many require a score in the 600s to pair with down payment help.

Can I use an FHA loan on a Davie condo?

Only if the condo is FHA-approved or the unit qualifies on its own. Many older Broward condos aren't approved, so check before writing an offer.

Am I a first-time buyer if I owned a home before?

Usually yes, if you haven't owned and lived in a home during the past three years. Check each program's definition.

Davie First-Time Homebuyer Programs & FHA Loans in Davie, FL

Davie first-time homebuyer programs at a glance

First-time buyers in Davie can usually draw from three levels of help: the Town of Davie's own housing programs, Broward County's purchase assistance, and statewide programs from Florida Housing Finance Corporation. Most are second mortgages that are deferred or forgivable, paired with a regular first mortgage such as FHA or conventional. Money is limited and is often handed out first-come, first-served when each funding year opens, so getting ready early matters. This guide covers the programs; for the step-by-step buying process, see how to buy your first home.

Town of Davie purchase assistance

The Town of Davie runs housing programs through its Housing & Community Development office, funded mainly by state SHIP and federal money. When funding is open, eligible income-qualified buyers buying a home inside town limits may get help with down payment and closing costs, usually as a deferred loan with a required stay period. Rules, maximum amounts, and price caps change from year to year — check current status on the Town of Davie website before you make an offer.

Broward County purchase assistance

Broward County's Housing Finance Division offers purchase assistance to income-eligible buyers across much of the county, including Davie addresses. It usually requires a homebuyer education class, a participating lender, and a home under a set price limit. Because county and town money can come with different rules, ask your lender whether the two can be combined on the same purchase.

Town-funded help applies only to homes inside Davie, FL on Google Maps.

Florida Housing programs available to Davie buyers

Florida Housing Finance Corporation offers first mortgages through approved lenders, along with down payment and closing cost help — including the Hometown Heroes program for eligible full-time workers in many professions. These programs follow you anywhere in the state, so they're often the easiest to qualify for. Current details are on Florida Housing's homebuyer page.

How a Davie FHA loan works

An FHA loan is insured by the federal government and allows a low down payment with more flexible credit rules than many conventional loans. The trade-off is mortgage insurance, both up front and monthly. FHA sets a county loan limit for Broward each year, and the home must pass an FHA appraisal that checks basic safety and condition. For older Davie ranch homes, roof age and electrical panels are the items most likely to need attention before closing.

FHA condo approval in Davie

If you're buying a condo, the building usually has to be FHA-approved, or the specific unit has to qualify on its own. Many older Davie and Broward condo associations aren't on the approved list, and recent Florida condo safety and reserve laws have made some buildings harder to finance. Check the condo's FHA status before you write an offer, not after.

Who counts as a first-time homebuyer

For most programs, you count as a first-time buyer if you haven't owned a home you lived in during the past three years — so earlier owners may qualify again. Income limits depend on household size and are based on Broward County's area median income. Programs also limit the purchase price, so your price range for assisted buying in Davie may be lower than your regular pre-approval.

County programs can also extend to nearby Cooper City, FL on Google Maps.

Using assistance in a competitive Davie market

Assisted offers need more time: program approval, required classes, and sometimes a separate inspection. Write those timelines into the contract, and let your agent explain to the listing side how the financing works so the seller sees a solid offer, not a risky one. A pre-approval that already lists the assistance program makes your offer much stronger. Our pre-approval guide explains how to prepare.

Steps to get started in Davie

1) Finish a HUD-approved homebuyer education class. 2) Pick a lender that works with the town, county, and Florida Housing programs. 3) Get pre-approved with the program built in. 4) Ask your agent to filter Davie homes by the program's price cap. 5) Plan for insurance and property taxes, which are often what limits a first-time budget in Broward. When you're ready to tour, our Davie buyer's agent team can set it up.