The Process

Buying a Home in Orlando: Step by Step

A clear, no-pressure roadmap to homeownership in Orlando, Florida.

1

Know your budget

Understand what you can comfortably afford in Orlando before you start touring homes.

2

Check your credit

Pull your free reports and address any errors — it directly affects your rate.

3

Explore loan types

Compare conventional, FHA, and VA options to see what fits your situation.

4

Get pre-approved

Work with a licensed lender of your choice to get a pre-approval letter.

5

Shop & make an offer

Tour Orlando homes with an agent and make a competitive, informed offer.

6

Inspect & close

Complete inspections and the appraisal, then sign and get your keys.

Educational Estimates

Understanding Rates in Florida

Loan TypeIllustrative Range
Conventional 30-yr fixed~6.4% – 6.9%
Conventional 15-yr fixed~5.8% – 6.3%
FHA 30-yr fixed~6.6% – 7.1%
VA 30-yr fixed~6.0% – 6.5%

Illustrative national averages (≈ early 2026) for education only — not an offer or quote. Verify current rates with sources like the Freddie Mac PMMS.

Free Tool

Estimate Your Orlando Payment

$50K – $2M
$70,000 down · 3% – 50%
Illustrative — adjust to your quote
Sets the property-tax estimate for your state

Estimated Monthly Payment

Principal & Interest$0
Mortgage Insurance$0
Property Tax (est.)$0
Home Insurance (est.)$0
Estimated Total$0

Loan Summary

VA Funding Fee (financed)$0
Loan Amount$0
Loan-to-Value (LTV)
Total Interest$0
Total of Payments$0

Illustrative national averages (≈ early 2026) for education only — not an offer or quote. Verify current rates with sources like the Freddie Mac PMMS.

These figures are estimates provided for educational purposes only and are not a loan offer, quote, rate lock, or commitment to lend. Your actual payment will differ. Property taxes and homeowners insurance shown here are estimates and may be understated or excluded, and other costs — such as mortgage insurance, HOA dues, flood insurance, and closing costs — may not be reflected. For a detailed, personalized quote, consult a licensed lender or loan officer.

Open the full Orlando mortgage calculator

Questions

Orlando Home Buying FAQ

Do I need 20% down to buy a home in Orlando?
No. Many buyers in Orlando put down far less. VA loans can allow 0% down for eligible borrowers, FHA loans as little as 3.5%, and some conventional loans as little as 3%. Putting 20% down simply lets you avoid private mortgage insurance on a conventional loan.
What credit score do I need to buy in Orlando, Florida?
It depends on the loan type. FHA loans may accept scores as low as 580, conventional loans typically want 620+, and stronger scores earn better rates. See our credit guide to learn how to improve yours.
How much are closing costs in Orlando?
Closing costs generally run 2–5% of the loan amount, regardless of location, though local transfer taxes and title fees vary. Your lender must provide a standardized Loan Estimate detailing them.
Is HomeWise a lender or broker in Orlando?
No. HomeWise is an independent educational resource. We do not lend, broker loans, or collect applications. We simply help Orlando buyers understand their options before they speak with a licensed professional.