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Rates subject to change without notice
The Standard VA loan limit in Florida for 2023 is $726,200 for most counties | Monroe County VA Loan Limits are higher at $847,000
VA Loan Limits are based on data from the Dept. of Veterans Affairs
Check to See Florida VA loan limits here
FHA loans are backed by the Federal Housing Administration and are designed to help those with limited resources buy a home. The requirements for FHA loans are typically less stringent than those for conventional loans, making them a good option for first-time homebuyers and those with credit challenges. However, it’s important to keep in mind that FHA loans come with mortgage insurance premiums (MIP) that must be paid for the life of the loan, and there are limits to how much you can borrow with an FHA loan. Additionally, some lenders may have stricter requirements for FHA borrowers, such as a higher minimum credit score or a lower debt-to-income ratio. To determine if an FHA loan is the right choice for you, it’s important to weigh the benefits against the costs and to compare it with other loan options.
When your ready to get started on your FHA loan, we are FHA Mortgage Experts to guide you through the entire process, the first step is getting you pre-approved. You can apply online or you prefer to speak with one of our FHA Mortgage Experts, we would be happy to speak with you. Call or text us at 407-955-4575.