Buying#first-time-buyers#florida-programs#homestead
First-Time Buyer Guide: Florida Programs You Probably Don't Know About
March 10, 2026· Darci Parker
Florida Homebuyer Programs
The Florida Housing Finance Corporation offers several programs including the Florida First loan and the HFA Preferred loan with down payment assistance up to $10,000.
Homestead Exemption
Florida's Homestead Exemption saves the average St. Lucie County homeowner $500-$1,200 per year in property taxes. You must apply by March 1 of the year after purchase.
Save Our Homes Cap
Once you homestead, your assessed value can only increase 3% per year regardless of market appreciation.