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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

Florida FHA 3.5% Down Payment

Florida FHA 3.5% Down Payment

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.

FHA Loan Requirements

FHA Loan Benefits

  • Less stringent qualification and credit requirements
  • Low down payment requirement; perfect for first-time home buyers
  • Condo Property Developments are available
  • Manufactured / Mobile homes are available
  • Multi-Family homes are available
  • Backed by the Federal Housing Administration [ FHA ]

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.

Get Pre-Approved by Florida FHA Loan Experts

FHA 3.5% Down Payment