Buying your first home in the Orlando area is exciting — and overwhelming. The process involves more steps, more paperwork, and more decisions than most people expect. Here is a practical walkthrough of how it works.
Step 1: Get Pre-Approved
Before you start looking at homes, talk to a lender. Pre-approval tells you exactly how much you can borrow, what your monthly payment will look like, and what purchase price fits your budget. It also signals to sellers that you are a serious, qualified buyer — which matters when competing for homes in a tight market.
Pre-approval is not the same as pre-qualification. Pre-qualification is an estimate. Pre-approval involves a full review of your income, credit, assets, and debts. Get the real thing.
Step 2: Understand Your Costs
The purchase price is not the only number that matters. Budget for closing costs (typically 2-5% of the purchase price in Florida), homeowners insurance, property taxes, HOA fees (if applicable), and a home inspection ($300-$500). If you are putting less than 20% down, you will also pay private mortgage insurance (PMI).
Step 3: Search With Purpose
Central Florida has hundreds of neighborhoods, each with a different feel, price point, and commute profile. Start by defining your priorities: school districts, commute time, walkability, lot size, new construction vs. existing. A good buyer’s agent narrows the field so you are not wasting weekends looking at homes that do not fit.
Step 4: Make an Offer and Close
When you find the right home, your agent writes the offer, negotiates terms, coordinates inspections, manages the appraisal process, and guides you through to closing. In Florida, the closing process typically takes 30-45 days from accepted offer.
At Sloan Properties, we help first-time buyers across Central Florida find the right home at the right price. We walk you through every step — no question is too basic. Call (407) 961-7720 or visit sloanproperties.com/buyers.
Frequently Asked Questions
How much do I need for a down payment?
Conventional loans require as little as 3% down. FHA loans require 3.5%. VA and USDA loans offer zero-down options for eligible buyers.
Are there first-time buyer programs in Florida?
Yes. Florida Housing Finance Corporation offers down payment assistance, below-market interest rates, and tax credits for qualifying first-time buyers. Your lender can walk you through eligibility.
How long does it take to buy a house?
From first search to closing, most buyers spend 2-4 months. The timeline depends on inventory, financing, and how quickly you find the right home.
