Whether you’re buying or looking, you’ll want to know what essential documents you’ll need when purchasing a house or condo in Florida, especially if you’re a first-time buyer.
There are no legal requirements to buy a house in Florida as long as you’re 18 or older and a high school grad or have proof of an equivalency degree. You don’t even have to be a U.S. citizen or resident. The only legal documents you’ll need for buying a house in Florida are proof of your financial stability and your eligibility.
All the experts on residential real estate transactions, including real estate attorneys, list hiring an expert like a Lang Realty agent as one of the first things a new buyer should do. Most agents will ask buyers to become pre-qualified so the transaction moves quickly and smoothly.
What requirements will you need to buy a house in Florida?
Proof of who you are like a Social Security number or a passport, and proof of a steady income, i.e. pay slips. You will probably also have to prove you have a qualifying credit score, 500 to at least 620 depending on the economy and your lender. Mortgage lenders, whether they’re banks, conventional lenders or government agencies like FHA, ask for different interest rates and proof to ensure you can afford to repay the loan.
Your Lang Realty agent will step you through all the documents you’ll need in advance so you’ll be ready to seal the deal at closing.
