Luxury Property Solutions LLC is a licensed real estate brokerage. We do not provide mortgage lending, loan origination, or financial advice. All financing options mentioned are subject to lender approval and borrower eligibility. Buyers should consult with qualified mortgage professionals or financial advisors for loan qualification and terms. Property availability, pricing, and financing programs are subject to change without notice.
Imagine owning your dream luxury home with little to no money down upfront. Thanks to powerful financing options offering 99% to 100% financing, including government-backed programs like USDA and VA loans, your path to luxury homeownership has never been easier—whether you’re a first-time buyer or seasoned homeowner.
Why Choose 99% to 100% Financing?
Almost No Down Payment Needed: Break free from the burden of a hefty upfront payment and step into your luxury home sooner.
Backed by Government Programs: Enjoy peace of mind and lower interest rates with trusted government-sponsored loans.
Tailored to You: We’ll help you find the perfect financing program that matches your unique financial profile.
Remember, while down payment requirements are minimal or even waived, closing costs still apply—but don’t worry, our mortgage experts will guide you every step of the way to make the process smooth and stress-free.
Start exploring a handpicked selection of luxury properties that may qualify for 100% financing, conveniently showcased toward the bottom of this page.
Luxury Property Solutions LLC partners with top mortgage brokers and lenders to make your financing experience seamless.
Plus, with exclusive lender partnerships, we can help you get into your dream home with as little as 1% down, and even assist in negotiating seller concessions to cover those costs. Discover these amazing loan options at UWM.com.
Here’s How UWM’s Offer Breaks Down:
| Purchase Price | UWM Pays (Max $7,000) | Your Down Payment | Your % of Purchase Price |
|---|---|---|---|
| $200,000 | $4,000 (2%) | $2,000 | 1% |
| $350,000 | $7,000 (Cap) | $3,500 | 1% |
| $400,000 | $7,000 (Cap) | $5,000 | 1.25% |
For homes up to $350,000, your down payment is only 1%.
For homes above $350,000, your down payment is slightly higher but still incredibly affordable.
And if we negotiate seller concessions on your behalf, you could qualify for true 100% financing—meaning no money out of pocket for your down payment!
All of the mentioned options – VA loans, USDA loans, and FHA loans – allow realtors to use their commissions, gift of equity, or gift of funds to help buyers pay closing costs.
- VA Loans: Allow sellers or real estate agents to contribute up to 4% of the loan amount towards the buyer’s closing costs.
- USDA Loans: Allow sellers to pay closing costs, and agents can also contribute through gift funds.
- FHA Loans: Permit sellers to contribute up to 6% of the sales price towards the buyer’s closing costs. Agents can also contribute using gift funds.
Important Considerations:
- Gift of Equity: A gift of equity involves the seller reducing the home’s sale price by the amount of the gift, effectively lowering the buyer’s closing costs.
- Gift Funds: Gift funds must come from an acceptable source, such as a family member, and proper documentation is required.
- Lender Approval: Any contributions towards closing costs typically need approval from the lender.
It’s crucial to consult with a knowledgeable real estate agent and mortgage lender to determine the best approach for utilizing commissions, gift of equity, or gift funds to cover closing costs, ensuring compliance with all relevant regulations and guidelines.
The credit score and debt-to-income (DTI) ratio requirements for 100% financing vary depending on the specific loan program:
USDA Loans:
- Credit Score: Typically a minimum credit score of 640 is required, but some lenders may accept lower scores with compensating factors.
- DTI: The maximum DTI ratio is usually 41%, but it can be higher in some cases with compensating factors.
VA Loans:
- Credit Score: There is no minimum credit score requirement set by the VA, but lenders typically prefer a score of at least 620.
- DTI: The VA doesn’t set a specific DTI limit, but lenders typically look for a DTI of 41% or lower. However, higher DTIs may be allowed with strong compensating factors.
Other 100% Financing Options (like physician loans):
- Credit Score: Usually a minimum credit score of 680 or higher is required.
- DTI: The DTI requirements vary by lender, but a DTI of 45% or lower is generally preferred.
Remember: These are just general guidelines, and the specific requirements can vary depending on the lender and your individual financial situation. It’s always best to consult with a mortgage lender to determine your eligibility for 100% financing and the specific requirements for the loan program you’re interested in.
FHA Loan Requirements (2025 Update)
Key Guidelines for FHA-Insured Mortgages
The Federal Housing Administration (FHA) continues to facilitate homeownership by insuring loans made by FHA-approved lenders. Since its inception in 1934, FHA has become the largest insurer of U.S. residential mortgages—covering both single-family and multi-family properties nationwide (including U.S. territories).
Below are the core requirements effective for 2025:
Credit Score & Down Payment
FICO® ≥ 580 — Minimum 3.5% down payment.
FICO® 500–579 — Minimum 10% down payment.
Scores below 500 are not eligible for FHA financing.
Mortgage Insurance Premiums (MIP)
Upfront MIP: 1.75% of the base loan amount, financed into the loan at closing.
Annual MIP: Charged monthly; rates vary by loan term, loan-to-value (LTV) and loan size (typically 0.45%–1.05% annually).
Debt-to-Income (DTI) Ratios
Standard DTI Ceiling: Total DTI ≤ 43% of gross monthly income.
Exceptions Up to 57%: Lenders may allow DTI up to 57% with strong compensating factors (e.g., significant cash reserves, minimal payment shock).
Occupancy Requirement
The property must be the borrower’s primary residence and occupied within 60 days of loan closing.
Employment & Income
Stable Income History: Demonstrated through at least two years of steady employment (documented via W-2s, pay stubs, tax returns).
Proof of Funds: Verification of ability to cover down payment, closing costs, and at least 1–2 months of reserves.
Additional Eligibility Points
Valid Social Security Number and lawful U.S. residency.
Property Standards: The home must meet FHA’s minimum property standards for safety, security, and soundness (appraised by an FHA-approved appraiser).
Loan Limits: 2025 FHA county loan limits apply—check the latest HUD release for your location.
By following these updated FHA guidelines, borrowers in 2025 can better plan their path to homeownership with clarity on credit, down payment, insurance premiums, and income requirements.
Below are the updated 2025 loan limits for Conforming (Fannie Mae/Freddie Mac), FHA, VA and HECM mortgages in Broward County, Miami-Dade County and Palm Beach County, FL, broken out by housing type.
Broward County, FL
| Housing Type | Conforming | FHA Loan Limit | VA Loan Limit | HECM Limit |
|---|---|---|---|---|
| 1-Unit (Single-Family) | $806 500 | $654 350 | $806 500 (matches Conforming) | $1 209 750 |
| 2-Unit (Duplex) | $1 032 650 | $837 700 | $1 032 650 | $1 209 750 |
| 3-Unit | $1 248 150 | $1 012 550 | $1 248 150 | $1 209 750 |
| 4-Unit | $1 551 250 | $1 258 400 | $1 551 250 | $1 209 750 |
Properties Up to 100% Financing Possible
Examples of Homes Up To $400,000
Homes up to $400,000
Most likely to qualify for the 1% down program
Who Can Qualify for Homes up to $400,000 with This 1% Down Financing Program?
This special mortgage program is designed for moderate-income buyers looking to purchase homes up to $400,000 with as little as 1% down (with lender assistance and possible seller concessions).
Typical Qualification Guidelines:
Credit Score: Minimum 620 FICO score required to qualify.
Income Limits: Household income generally must be at or below 80% of the Area Median Income (AMI).
For South Florida (Miami-Dade), that means:
1-2 person households: up to approximately $72,600 – $81,000 annually
Larger households (3-5 people) may qualify with incomes up to $98,000 annually
Loan Limits: Program supports loan amounts up to the conforming loan limit, which covers purchase prices up to $726,200 in most Miami-Dade areas.
Down Payment: Borrower contributes around 1% down payment, with the remainder of the required 3% down covered by the lender (up to $7,000 max).
Debt-to-Income (DTI): Total monthly debts—including mortgage, taxes, insurance, and other debts—should generally not exceed 36% to 43% of gross monthly income, depending on underwriting.
Eligible Buyers: This program is great for first-time homebuyers and repeat buyers who meet income and credit requirements.
Property Type: Single-family homes are eligible; note that condos and PUDs may have additional restrictions under this program.
Why This Matters for $400,000 Homes
At $400,000 purchase price, the borrower’s 1% down payment will be approximately $5,000, with the lender covering the rest of the 3% down payment requirement up to their $7,000 cap.
Buyers should ensure their income and credit meet the program’s limits to qualify for this low-down-payment option.
This program helps reduce upfront cash needed to purchase a home, making homeownership more accessible in the South Florida market.
Conforming loan limit: $806,500
Home size: Single-Family
Contact us for the following property types.
Conforming loan limit: $981,500
Home size: 2 Duplex (Residential Income)
Conforming loan limit:Â $1,186,350
Home size: 3 Triplex
Conforming loan limit: $1,474,400
Home size: 4 Quadplex
FHA Loan Limits
FHA Loans are home mortgages insured by the Federal Housing Administration. FHA Loans let you get a home loan with a lower down-payment and relaxed credit score requirements.
FHA loan limit:Â $654,350
Home size:1 Single-Family
Contact us for the following property types.
Conforming loan limit:Â $806,500
Home size: 2 Duplex
Conforming loan limit: $1,248,150
Home size: 3 Triplex
Conforming loan limit: $1,551,250
Home size: 4 Quadplex
VA Loan Limits
If you qualify, veterans loans allow you to buy a house with zero money down.
Conforming loan limit:Â $806,500
All Home Sizes
HECM Loan Limits
Home Equity Conversion Mortgages (HECM) allow seniors to convert home equity into cash for unexpected expenses.Â
Conforming loan limit:Â $1,209,750
All Home Sizes
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