We proud on ourselves as St. Petersburg Florida’s #1 First Time Home Buyer loan lender. We are helping borrowers in St. Petersburg Florida to qualify for the best First Time Home Buyer loan to meet their borrowing requirements. Some First Time Home Buyer loan programs in St. Petersburg Florida are backed by the Federal Housing Administration (FHA). These popular first time homebuyer loans require lower minimum credit scores and down payments to make it easier to qualify.

First Time Home Buyer St. Petersburg Florida

CambridgeHomeLoan.com has a number of First time home buyer loan programs from simple W2 employees to full 2 year tax returns, self employed loans, Non QM loans and more with low down payments and fees. Contact us today to craft the loan that best fits your needs. Some qualifications below.

FHA First Time Home Buyer and HomeReady Program Terms

  • A credit score of at least 580 for a 3% down home loan
  • A credit score of 500 to 579 for a 10% down payment
  • FHA loan with 3.5% down payment requirement
  • Mortgage insurance that is offset due to lower FHA interest rates than a conventional loan.
  • FHA Debt to income ratio of 50% or less

Qualify for a 3% down Home Loan in St. Petersburg Florida. Use this application to pre-qualify and start shopping for your new home in St. Petersburg Florida today! Purchase, Refinance, Cash Out Refinance.

According to an announcement by the FHA the loan limit for 2022 will be $420,680 for most of the country. The 2022 FHA loan limit for the high cost areas will be $970,800.

Contact us to find out what the loan limits in the county you would like to purchase in. Call now 800-826-5077. 

Prequalify now to see how much of Loan you can qualify for. 

Benefits of Being A First Time Home Buyer In St. Petersburg Florida

St. Petersburg is a city on Florida’s gulf coast, part of the Tampa Bay area. It’s known for its pleasant weather (hence its “Sunshine City” nickname), making it popular for golfing, boating, fishing and beachgoing. Its waterfront parks host the Dali Museum, featuring surrealist works of art; the Museum of Fine Arts, with works ranging from ancient to contemporary; and Mahaffey Theater, home of the Florida Orchestra.

Schools in and around St. Petersburg

St Petersburg High School
2501 5th Ave N · +1 727-893-1842

Midtown Academy
1701 10th St S · +1 727-893-1358

Shorecrest Preparatory School
5101 1st St NE · +1 727-522-2111

first time homebuyer st petersburg
Considered a great place to live, the area is popular for boating, fishing, golfing, and other watersports. Compared to living in the neighboring city of Tampa, St. Petersburg has a better atmosphere in terms of nightlife, restaurants, and its close proximity to beaches. Not just St. Petersburg, we are serving all of First Time Home Buyer Florida market.

Things To Do In and Around St. Petersburg Florida

  • The Dalí (Salvador Dalí Museum) (Surrealist art in glass-paneled building)
  • Fort De Soto Park (Natural space with connected islands)
  • Sunken Gardens (Historic botanical setting with wildlife)
  • Museum of Fine Arts (Antiquities & modern art showcase)
  • Morean Arts Center (Contemporary gallery offering classes)
  • St. Pete Pier™ (Revitalized 26-acre waterfront pier)











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