Most Florida Counties FHA Loan Limit for 2025 is $528,850 | Miami-Dade County FHA Loan Limits are higher at $962,253 The Federal Housing Administration sets FHA loan limits on an annual basis. Check to See your Florida FHA Loan Limit 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
Credit scores as low as 620 may qualify
Buy a home with as little as 3.5% down payment [ primary residences only]
Income must be documented with pay stubs, W2’s and / or tax returns
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.