You found the right house, and it has a septic tank and a well. Can you still get a mortgage? Almost always, yes, but lenders have conditions that can delay closing if you do not plan ahead.
What lenders look for
- Conventional loans: usually accept septic and well when the appraisal shows both are functioning.
- FHA and VA loans: often require a septic inspection and a water test showing the water is safe to drink, plus minimum distances between the well and septic field.
- Appraisal: the appraiser notes the water and sewer source and any visible problem.
Our guide to first-time home buyer loans in Florida explains how these programs compare, and the FHA loan overview covers property standards in more detail.
Budget for the extra costs
Plan for a septic evaluation, a water test and possibly a pump-out. Those are typically a few hundred dollars combined. Add a reserve for an eventual well pump or drain field repair, because lenders look at your cash reserves after closing.
If repairs are needed
When a system fails, you can negotiate a seller credit, repair before closing, or consider a renovation loan. Ask us early so the numbers still work.
Build the rest of your team
Pair your loan with a Florida home inspection and a Florida homeowners insurance quote, since your lender will need the insurance binder. A Central Florida realtor can help write the right contingencies into your contract.
Get pre-approved
Call QREF at 407-476-6667 to talk through your options before you make an offer on a septic or well property.