Life Stage · Florida
Upsizing — Growing Family in Florida
Outgrowing the starter home? Move up in Florida with a structured plan that protects your cash, credit, and closing date.
Common challenges we solve
- Coordinating the sale of the current home with the next purchase
- Qualifying for a higher loan amount with one income on leave
- Needing space for kids, in-laws, or remote work
- Avoiding PMI on the move-up home
What you get with Lumos
Bridge or recast financing so you buy before you sell
Doctor, attorney, and professional loan programs
Down payment structures designed to limit or avoid PMI
What's different in Florida
When you move to a new Florida homestead, Save Our Homes portability may let you carry part of your existing assessment savings to the larger home if you file in time. Bigger homes also mean bigger insurance and flood premiums, so we quote coverage before you make an offer.
Loan programs that typically fit
Frequently asked
- How much more home can we afford?
- We'll model your debt-to-income with the existing mortgage included so you know your true ceiling before you tour homes.
- Should we keep the old home as a rental?
- Often yes — we can use 75% of the projected rent toward qualifying for the new loan.
- Do we need a large down payment?
- Not necessarily — we can shop lender-paid PMI and piggyback structures. Down payment requirements vary by program — we'll show you your options.
