Secure your dream home with as little as 3.5% down payment. FHA loans offer flexible credit requirements and competitive rates for Florida homebuyers.
Get Pre-Qualified Today Calculate Your PaymentFHA loans are designed to make homeownership accessible with lower barriers to entry and flexible qualification requirements.
Put down as little as 3.5% with a credit score of 580 or higher. Even with scores between 500-579, you may qualify with a 10% down payment.
FHA loans are more forgiving of past credit issues, making them ideal for first-time buyers or those rebuilding their credit history.
FHA loans can be assumed by qualified buyers, potentially making your home more attractive when you decide to sell.
FHA loans typically offer competitive interest rates, often lower than conventional loans, especially for borrowers with lower credit scores.
FHA 203(k) loans allow you to finance both the purchase and renovation of a home in a single loan, perfect for Florida's diverse housing market.
FHA loans are insured by the Federal Housing Administration, providing additional security for lenders and borrowers alike.
Understanding the qualification criteria for FHA loans will help you prepare for a successful application.
580+ Credit Score: Qualify for 3.5% down payment
500-579 Credit Score: 10% down payment required
Below 500: May still qualify with compensating factors
Minimum 3.5% down payment with qualifying credit score. Down payment can come from savings, gifts from family, or down payment assistance programs available in Florida.
Front-end ratio: Maximum 31% of gross monthly income
Back-end ratio: Maximum 43% of gross monthly income
Higher ratios may be acceptable with strong compensating factors.
Steady employment for at least 2 years, though gaps may be acceptable with valid reasons. Self-employed borrowers need 2 years of tax returns.
Property must be your primary residence and meet FHA property standards. Florida condos must be in FHA-approved buildings.
Upfront Premium: 1.75% of loan amount
Annual Premium: 0.45% to 1.05% depending on loan-to-value ratio and loan term
Our streamlined process makes getting your FHA loan in Florida simple and stress-free.
Contact Louis Doherty to discuss your homebuying goals and determine if an FHA loan is right for you.
We'll review your financial situation and provide a pre-qualification letter to strengthen your home search.
Gather required documents including pay stubs, tax returns, bank statements, and employment verification.
Complete the formal FHA loan application with our expert guidance throughout the entire process.
Your loan goes through FHA underwriting where we ensure all requirements are met for approval.
Final loan approval, home appraisal completion, and closing on your new Florida home!
FHA loan limits vary by county in Florida. Here are the current limits for major metropolitan areas.
Single-Family: $766,550
2-Unit: $981,500
3-Unit: $1,185,650
4-Unit: $1,472,650
Single-Family: $766,550
2-Unit: $981,500
3-Unit: $1,185,650
4-Unit: $1,472,650
Single-Family: $766,550
2-Unit: $981,500
3-Unit: $1,185,650
4-Unit: $1,472,650
Single-Family: $472,030
2-Unit: $604,400
3-Unit: $730,275
4-Unit: $907,900
Single-Family: $472,030
2-Unit: $604,400
3-Unit: $730,275
4-Unit: $907,900
Single-Family: $472,030
2-Unit: $604,400
3-Unit: $730,275
4-Unit: $907,900
Get answers to common questions about FHA loans in Florida.
Yes, you can use an FHA loan to purchase a condo in Florida, but the condominium project must be FHA-approved. We can help you verify if a specific condo building qualifies for FHA financing before you make an offer.
FHA loans typically take 30-45 days to close from application to funding. The timeline can vary based on factors like property appraisal scheduling, document completion, and underwriting complexity. We work diligently to close on time.
Yes! Florida offers several first-time homebuyer programs that can be combined with FHA loans, including down payment assistance and closing cost help. We'll help you explore all available options to maximize your buying power.
Yes, you may be able to refinance to an FHA loan through the FHA Simple Refinance program. This can be beneficial if you want to lower your rate, remove PMI, or access equity. We'll analyze your current situation to determine if it makes financial sense.
FHA loans can be used for single-family homes, townhouses, condos (in approved buildings), and 2-4 unit properties (if you live in one unit). The property must be your primary residence and meet FHA property standards including wind mitigation requirements common in Florida.
Take the first step toward homeownership in Florida. Contact Louis Doherty today for a free consultation and personalized FHA loan guidance.
Call (954) 394-1959 Get Pre-Qualified OnlineReady to explore your FHA loan options? Fill out this form and Louis will contact you within 24 hours.