2026 FHA Loan Limits Updated: Loans up to $654,350 in high-cost Florida counties.
Buy your dream home in the Sunshine State with as little as 3.5% down. Bad credit considered.
Helping Families Across Florida
Designed to make homeownership accessible, the Florida FHA loan program offers flexible guidelines that conventional loans can't match.
Purchase your home with just 3.5% down. Gift funds from family or down payment assistance programs are allowed to cover this cost.
You don't need perfect credit. Scores as low as 580 qualify for max financing, and scores down to 500 may qualify with 10% down.
Use the FHA 203(k) loan to buy a fixer-upper in Florida and roll the renovation costs into your single monthly mortgage payment.
| Feature | FHA Loan | Conventional Loan |
|---|---|---|
| Minimum Credit Score | 580 (for 3.5% down) | Typically 620+ |
| Down Payment | 3.5% | 3% - 5% |
| Debt-to-Income (DTI) | Up to 57% | Max 45-50% |
| Waiting Period (Foreclosure) | 3 Years | 7 Years |
| Mortgage Insurance | Required for life of loan* | Cancelable at 20% equity |
*If you put 10% down on an FHA loan, MIP can be removed after 11 years.
FHA loans require Mortgage Insurance Premiums (MIP) to protect the lender. This is what allows them to offer such flexible credit and income requirements. There are two parts to this:
A one-time fee of 1.75% of the loan amount. You do not need to pay this cash at closing; it is almost always rolled into your loan balance.
Example: On a $300,000 loan, the fee is $5,250, making your total loan $305,250.
A yearly premium (usually 0.55% for most borrowers) divided by 12 and added to your monthly mortgage payment.
Example: On a $300,000 loan, this adds approximately $137 to your monthly payment.
FHA loan limits vary by county. In 2026, limits have increased to help buyers in Florida's competitive market.
| County / Area | 1-Unit Limit |
|---|---|
| Standard Florida Counties | $524,225 |
| Miami-Dade / Broward / Palm Beach | $654,350 |
| Collier County (Naples) | $654,350 |
| Monroe County (Key West) | $929,200 |
| Manatee / Sarasota | $524,225 |
*Limits are subject to change annually. 2026 projected limits shown.
Are you a nurse, firefighter, teacher, or veteran? You may qualify for up to 5% down payment assistance (max $35,000) to help cover your down payment and closing costs.
Check eligibility →Offers up to $10,000 in assistance as a 0% interest, deferred second mortgage. Ideal for first-time buyers needing a little extra help to close the deal.
See if you qualify →Submit your info to get pre-qualified.
Receive your official loan estimate.
Find a home within your budget.
Negotiate price and seller credits.
Appraisal and underwriting review.
Sign papers and get your keys!
The minimum credit score is generally 580 to qualify for the 3.5% down payment. If your score is between 500 and 579, you may still qualify, but a 10% down payment is typically required.
No. FHA loans are strictly for primary residences. You must intend to live in the property. However, you can purchase a multi-unit property (up to 4 units) as long as you live in one of the units.
Standard FHA loans do not have income caps (you can earn as much as you want). However, if you are applying for specific Down Payment Assistance programs (like Florida Housing), those specific programs may have income limits based on your county.
The process typically takes 30 to 45 days from application to closing. Having your documents (tax returns, pay stubs, bank statements) ready can speed this up significantly.
We assist homebuyers across the entire state of Florida, including major metropolitan areas and counties: Miami-Dade County (Miami, Homestead), Broward County (Fort Lauderdale, Pembroke Pines), Palm Beach County (West Palm Beach, Boca Raton), Hillsborough County (Tampa), Orange County (Orlando), Duval County (Jacksonville), Pinellas County (St. Petersburg), Lee County (Fort Myers, Cape Coral), Polk County (Lakeland), and Volusia County (Daytona Beach).