FHA Loans in Florida
The FHA loan limit in Florida is $472,030 for a single-family home. FHA loans require just 3.5% down payment and accept credit scores as low as 580.
Florida's FHA loan limits cover most of the state's markets at the baseline level, but several high-cost counties — including Monroe County (Florida Keys), Collier County (Naples), and parts of Southeast Florida — have elevated limits. FHA loans are particularly important in Florida because they allow buyers to finance with just 3.5% down, preserving cash for the substantial insurance costs that Florida ownership demands. Be aware that FHA requires flood insurance if the property is in a FEMA-designated flood zone, regardless of whether the community participates in NFIP.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: HUD, Zillow
FHA Loan Limit
$472,030
Min Down Payment
$16,521
3.5%
Est. Monthly Payment
$3,497
PITI + MIP
Min Credit Score
580
for 3.5% down
Monthly Payment Breakdown at FHA Limit
| Home Price | $472,030 |
| Down Payment (3.5%) | $16,521 |
| Loan Amount | $455,509 |
| Monthly Costs | |
| Principal & Interest (6.5%) | $2,879 |
| FHA Mortgage Insurance (MIP) | $209 |
| Property Tax | $291 |
| Homeowners Insurance | $118 |
| Total Monthly Payment | $3,497 |
* Estimated at 6.5% interest rate, 30-year fixed. MIP at 0.55% annual. Property tax at Florida's average rate of 0.74%. Includes upfront MIP of 1.75% rolled into loan.
FHA Loan Requirements
Credit Score
580+ for 3.5% down payment. 500-579 requires 10% down.
Down Payment
Minimum 3.5% of purchase price. Can be a gift from family.
Debt-to-Income
Maximum 43% DTI ratio (up to 50% with compensating factors).
Property Requirements
Must be primary residence. FHA appraisal required (stricter than conventional).
Employment
2 years of steady employment history. Self-employed need 2 years of tax returns.
Mortgage Insurance
1.75% upfront MIP + 0.55% annual MIP. Required for life of loan (unless refinanced).
FHA vs Conventional in Florida
| Feature | FHA | Conventional |
|---|---|---|
| Min Down Payment | 3.5% | 3-5% |
| Min Credit Score | 580 | 620 |
| Mortgage Insurance | Life of loan | Until 20% equity |
| Loan Limit (Florida) | $472,030 | $766,550+ |
| Best For | Lower credit, small savings | Good credit, 20%+ down |
