No Job? No Problem! Get a Mortgage in Florida with 20% Down

Table of Contents

• Is it Really Possible to get a Mortgage Loan with No Job in Florida?
• How Do You Qualify with 20% Down?
• Program Highlights in 2025
• Who Benefits?
• Comparing to Other Programs
• Step-by-Step Application Process
• Using Tools to Plan Your Purchase
• Living in Florida: Why It’s Worth It
• Florida Cities Attracting Buyers in 2025
• Quality of Life Perks in Florida
• FAQ: Mortgage Loan with No Job in Florida
• Why Work with The Doce Mortgage Group
• Moving Forward with Your Florida Home Purchase

In Florida, many buyers wonder if they can purchase a home without steady employment, and the good news is that with the right financial profile, it is possible. People are often surprised to learn they can actually still get a mortgage loan with no job in Florida. This loan option designed for people who have strong assets and are ready to put 20 percent down. These programs are gaining popularity in 2025 as more people are retiring early, switching careers, or living off investments while still wanting to buy a home.

One of the most popular solutions is the no income verification loan, where approval is based on your assets rather than proof of a paycheck.

Is it Really Possible to get a Mortgage Loan with No Job in Florida?

This type of mortgage allows you to qualify without traditional employment, tax returns or pay stubs. Instead, your eligibility is based on having enough funds to complete the transaction, such as savings, retirement accounts, or other liquid assets, and your credit scores. By puttting 20% down or more, you can get approved even if you are not working at the moment.

These loans are especially useful for people buying primary or vacation homes who may have sufficient financial strength but lack a current income stream.

Getting a mortgage loan with no job in Florida is different from getting a loan that requires income checks, tax returns, or employment verification. Instead, it’s a pathway that helps people move into their homes faster while skipping the stress of proving income through paperwork that doesn’t reflect their real financial situation.

How Do You Qualify with 20% Down?

Getting qualified in 2025 comes down to three main factors: your down payment, your credit, and your assets. The minimum down payment required is 20 percent of the home price. For example, if you’re buying a $700,000 home, you’ll need at least $140,000 available for the down payment, plus sufficient money for closing costs and a minimum of 3 PITI months left in savings as a cushion. This could be in the form of retirement funds.

Credit requirements are more flexible than many expect. With a FICO score of 620 or higher, you can meet the guidelines, though 680+ scores will help you qualify for more favorable terms. Assets must also be seasoned, which usually means they have been in your account for at least one month. We also want to see stability and proof that these funds are yours.

Examples of people who may qualify include retirees living off Social Security or investment withdrawals, entrepreneurs between ventures, or families using trust funds. What matters is that you have the 20 percent down payment and closing costs ready plus the reserves to cover ongoing costs.

Looking to see what your monthly payment might be? Try our Mortgage Calculator to run the numbers before applying.

Program Highlights in 2025

In 2025, a no income verification loan in Florida comes with clear program guidelines that make the process simple and transparent. These programs are built for buyers who can show financial strength through assets, and the highlights make them attractive compared to traditional financing.

Here are some of the main features:

• Loan amounts available up to $2.5 million

• FICO scores starting at 620

• Minimum 20 percent down payment

• No job or income documentation required

• Asset reserves required to cover future payments

This combination is appealing to people who may not qualify through traditional programs but still want the chance to own a Florida home. Buyers should also understand that reserve requirements vary depending on the loan size, and those funds need to be in a liquid account.

By knowing these highlights, you can see how realistic it is to qualify for this type of mortgage loan with no job in Florida, as long as your assets are strong enough to support your purchase.

Who Benefits?

These loans are not designed for every buyer, but they are a perfect fit for certain groups in 2025. Some of the most common include:

• Retirees who rely on Social Security, pension, or investments

• High-net-worth individuals living off savings or market portfolios

• Self-employed professionals with irregular income

• Families using inheritance or trust funds

• People between jobs who still have enough cash on hand to purchase

Florida has become one of the top retirement destinations in the country, with more than 21 percent of its population now over age 65. That means a growing number of buyers are looking for ways to qualify without having an active paycheck. These loans are designed exactly for that situation.

If you fall into one of these groups, a mortgage loan with no job in Florida may open the door to a new home far sooner than you expected.

Comparing to Other Programs

It’s worth comparing these asset-based programs to more traditional financing options. FHA and VA loans both rely on income verification and debt-to-income ratios, which makes them a challenge for someone without steady pay. Conventional loans also require proof of income, making them a poor fit for someone in retirement or living off investments.

For buyers without 20 percent down, there are still options in Florida. Programs like Down Payment Assistance Programs or the HomeZero program can help qualifying buyers cover most of the required funds. However, these options do require employment verification. That’s why the no-job program remains unique: it offers a path forward based on assets rather than income.

If you’re ready to explore your eligibility, you can Get a Free Quote today and find out how much you may qualify for.

Step-by-Step Application Process

Applying for a mortgage loan with no job in Florida may sound complicated, but in 2025 the process has become very straightforward. The Doce Mortgage Group has simplified the steps to help you move from application to closing without unnecessary delays.

Here’s what the process usually looks like:

• Contact The Doce Mortgage Group to discuss your goals and learn if the program is right for you.

• Gather your financial documents, including bank statements, retirement accounts, and other proof of assets.

• Submit your loan request online through Our Application portal.

• Review loan terms once your financial profile is evaluated. This includes your down payment, required reserves, and interest rate.

• Close on your new Florida home after final approval and fund verification.

The key to moving smoothly through these steps is preparation. Having your documents ready in advance makes it easier for underwriters to review your profile quickly. If your goal is to buy soon, starting the application online is the fastest way to get your process underway.

Using Tools to Plan Your Purchase

Before applying, many buyers want to know what their future monthly payments might look like. Even though income isn’t verified in these programs, the mortgage still comes with monthly obligations, and it’s smart to plan ahead.

That’s where the Mortgage Calculator becomes a helpful tool. By entering the purchase price, down payment amount, and expected interest rate, you can get an estimate of your monthly cost.

For example, in July 2025 the statewide median sale price in Florida was about $404,100. With a 20 percent down payment, your loan amount would be about $336,000. Using a calculator, you could see how different loan terms affect the payment. This allows you to compare options and choose a budget that works with your financial situation.

A mortgage loan with no job in Florida gives you flexibility, but planning ahead with the right tools will make you feel more confident before you apply.

If you’re ready to take the first step, Get a Free Quote and find out how much you could qualify for today.

Living in Florida: Why It’s Worth It

Once you understand how a mortgage loan with no job in Florida works, it’s easy to see why so many people choose this state as the place to buy a home. Florida has been one of the fastest growing states in the country, with a population now over 23 million in 2025. The warm climate, tax advantages, and lifestyle amenities make it appealing for people at all stages of life.

One of the biggest draws is the fact that Florida has no state income tax. This gives buyers the chance to stretch their retirement income or investment withdrawals further. For people using an asset-based mortgage, this is especially valuable because it helps preserve wealth for the long term.

Median home values in Florida rose to about $420,000 in early 2025, which is still below the national average for coastal states. Even with rising demand, buyers who are prepared with a 20 percent down payment and solid assets are in a strong position to purchase.

Florida Cities Attracting Buyers in 2025

Florida isn’t a one-size-fits-all market. Different cities offer unique lifestyles and opportunities, making it important to consider where you want to buy.

• Miami: Known for its luxury real estate, international culture, and waterfront living. The city’s median sale price was about $586,000 in July 2025, and the demand for condos and high-rises remains strong.

• Orlando: A family-friendly market with world-famous theme parks and a growing job sector. The median home price in Orlando as of July, 2025 sits around $433,000, making it attractive for buyers seeking more affordable options.

• Tampa: A waterfront city with strong healthcare and sports culture. Median home prices are near $438,500 as of July 2025, giving buyers access to beaches and urban life without Miami’s higher cost.

These cities continue to attract retirees, families, and investors alike. For those using a mortgage loan with no job in Florida, the decision often comes down to lifestyle preference as much as housing cost.

If you’re ready to explore your options in any of these Florida markets, the best place to start is by applying through Our Application portal.

Quality of Life Perks in Florida

Beyond the numbers, Florida offers a lifestyle that makes it one of the most desirable states to call home. Residents enjoy year-round outdoor activities including boating, fishing, golf, and hiking. The coastline stretches over 1,300 miles, giving homeowners endless access to beaches.

Healthcare access is another draw. Florida is home to nationally recognized hospitals in cities like Miami, Tampa, and Jacksonville. This has made it a top choice for retirees who want both comfort and quality medical care nearby.

Florida’s diverse cultural mix also brings endless dining, arts, and entertainment opportunities. From Cuban food in Miami to art districts in St. Petersburg, the state offers something for everyone.

If you’re dreaming about living in Florida and want to know what you could qualify for, try running your numbers through the Mortgage Calculator before taking the next step.

FAQ: Mortgage Loan with No Job in Florida

Can I really buy a home without a job?
Yes, you can. A mortgage loan with no job in Florida is based on assets instead of income. As long as you have the required 20 percent down payment and enough reserves, you can qualify in 2025.

What credit score is needed in 2025?
The minimum FICO score is 620. 680+ scores can improve your terms, but buyers with strong assets can still qualify at the entry point.

How much do I need for reserves?
Reserve requirements vary depending on the loan size. Typically, you want to see show liquid assets to cover at least 3 months of mortgage payments.

Can I use gift funds?
Yes, gift funds may be allowed if they are properly documented and seasoned in your account. This means the money must be deposited and verified before it can be used toward your down payment.

Is this available for vacation homes or investment properties?
These programs are generally focused on primary residences. If you’re buying a vacation home or investment property, ask about alternative options that may fit your situation.

Do I have to show tax returns?
No. With this type of mortgage loan with no job in Florida, you are not required to provide tax returns, W-2s, or pay stubs.

If you’d like to see how much you could qualify for today, you can Get a Free Quote and review your options.

Why Work with The Doce Mortgage Group

Choosing the right partner makes all the difference. The Doce Mortgage Group specializes in helping Florida buyers find the best path to homeownership. Their team offers decades of experience with asset-based programs, as well as unique options like The Doce Mortgage Group HomeZero Program for those who qualify.

Beyond expertise, The Doce Mortgage Group has built a reputation for personalized service. Clients consistently share positive experiences, which you can read about in their reviews. Knowing that others have successfully secured financing through the same team can give you confidence as you take your next step.

Moving Forward with Your Florida Home Purchase

Buying a home without a job may feel out of reach, but in Florida, it’s entirely possible with the right loan program and 20 percent down. By using your assets, planning ahead, and working with a trusted team, you can make your homeownership dream a reality in 2025.

Call us today at 305-900-2012 to get started with The Doce Mortgage Group and move one step closer to your new Florida home.