Snowbird financing (Maine ↔ Florida)
A primary in one state and a second home in the other, financed by a single MLO licensed in both. The structural choices made at purchase set your tax residency, insurance bills, and 1031 options for the next decade.
The two structures
(A) Maine primary + Florida second home, established Maine residents adding a winter place. Florida property qualifies as second home (10% down). (B) Florida primary + Maine second home, common for buyers claiming Florida domicile for state income tax. Maine property is the second home.
Tax residency
Florida has no state income tax, Maine's top rate is 7.15%. To establish FL domicile you need 183+ days in FL, FL driver's license, FL vehicle registration, FL voter registration, and a Declaration of Domicile filed in your FL county. Lender doesn't care, but your CPA will.
Insurance whiplash
FL hazard/wind premiums on a coastal property routinely run $5 to 15k/yr. Maine premiums for the same value run $1.5 to 4k/yr but flood (NFIP) is the wildcard. Underwriter wants both binders before clear-to-close.
One point of contact on both ends
Deja handles the real estate on both ends of a Maine and Florida move, with Top Homes Group's team in Tampa Bay. Financing is handled by an independent licensed mortgage professional you can verify on nmlsconsumeraccess.org.
Compiled from Town of Old Orchard Beach, RSU 23, FEMA, Maine Revenue Service, US Census, and MLS. Deemed reliable but not guaranteed; verify before any transaction.
Financing questions on a Maine to Florida move: Maine to Florida Mortgage Broker
This site does not originate loans and is not an offer or commitment to lend. Figures are estimates for education only. Equal Housing Opportunity.