(954) 394-1959

FHA Loans in Orlando, Florida - 3.5% Down Payment Home Financing

As an experienced mortgage loan officer serving Orlando and Orange County, I specialize in fha loans florida for local homebuyers. Whether you're considering homes in Lake Nona, Baldwin Park, College Park, or other Orlando neighborhoods, our loan programs are tailored to the local market.

Why Choose FHA loans in Orlando?

Orlando's real estate market in Orange County offers unique opportunities for homebuyers. With a median home price of $$395,000, our fha loans florida programs help make homeownership accessible.

  1. Low down payment - as little as 3.5% with 580+ credit score
  2. Flexible credit requirements - accepts lower credit scores
  3. Competitive interest rates comparable to conventional loans - interest rates comparable to conventional loans
  4. Assumable loans can make your home more attractive to future buyers - loans can make your home more attractive to future buyers
  5. Government-backed by FHA for added security - by FHA for added security
Whether you're looking in popular Orlando neighborhoods like Lake Nona, Baldwin Park, College Park, our team has the local expertise to guide you through the fha loans florida process.

FHA loans Requirements in Orlando

Understanding eligibility requirements helps Orlando homebuyers prepare for success. Here's what you need to qualify in Orange County:

| Requirement | Details | |-------------|---------| | Min Credit Score | 580 for 3.5% down (500-579 requires 10% down) | | Down Payment | 3.5% minimum with qualifying credit | | Debt To Income | Typically 43% max (higher with compensating factors) | | Property Type | Primary residence only (1-4 units) | | Employment History | 2 years stable employment or self-employment |

These requirements apply to Orlando and throughout Orange County. Your individual situation may qualify for exceptions or special programs.

Required Documents for Orlando Homebuyers

When applying for fha loans florida in Orlando, you'll need to provide:

  1. 2 years personal tax returns with all schedules
  2. 2 months recent bank statements (all accounts)
  3. 30 days recent pay stubs or 2 years business tax returns if self-employed
  4. W-2 forms for past 2 years
  5. Photo identification (driver's license or passport)
  6. Employment verification letter or contact information
  7. Homeowners insurance quote (post-contract)
  8. Purchase contract (if buying)
We help Orlando and Orange County borrowers gather and organize all necessary documentation efficiently.

Orlando FHA Loan Timeline

Here's what to expect when getting fha loans florida in Orlando:

| Stage | Timeline | |-------|----------| | Pre Approval | 24-48 hours | | Processing | 7-14 days | | Underwriting | 3-7 days | | Closing | 30-45 days total |

Timeline may vary for Orlando properties based on market conditions in Orange County. We work efficiently to meet your deadlines.

Current FHA Rates in Orlando

Typical Rate Range: 6.5% - 7.5% APR

Rates vary based on credit score, down payment, market conditions and other factors. This is not a commitment to lend. Subject to underwriting approval.

Orlando homebuyers should contact us for current rates specific to their situation in Orange County. Rates change daily based on market conditions.

Orlando Real Estate Market Insights

Market Overview: - Median Home Price: $$395,000 - County: Orange County - Population: 307,573 - Popular Neighborhoods: Lake Nona, Baldwin Park, College Park, Thornton Park, Winter Park Market Characteristics: Tourism-driven economy with strong job growth, theme park industry, and family-friendly communities. Popular for investment properties.

Our local expertise in Orlando and Orange County helps you navigate the market and secure the best fha loans florida terms for your situation.

NMLS & Licensing Information

Louis Doherty NMLS #60093 | Edge Home Finance Corporation NMLS #891464

Licensed mortgage loan officer serving Orlando, Orange County, and all of Florida. Equal Housing Opportunity Lender.

All loans subject to underwriting approval. Rates, fees, and programs subject to change. This is not a commitment to lend.

Ready to Get Started with FHA loans in Orlando?

Contact Louis Doherty today for expert mortgage guidance in Orange County.

Call (954) 394-1959 Apply Online Calculate Payment

Frequently Asked Questions About FHA loans Florida in Orlando

You can qualify for an FHA loan in Orlando with a credit score as low as 580 for a 3.5% down payment. Scores between 500-579 may qualify with 10% down. We help borrowers throughout Orange County navigate FHA requirements.

FHA loans require just 3.5% down payment with a 580+ credit score. For a $300,000 home in Orlando, that's only $10,500 down. Down payment can come from savings, gifts from family, or down payment assistance programs available in Florida.

Yes, you can purchase a condo with an FHA loan in Orlando, but the condominium project must be FHA-approved. We can verify if a specific condo building in Orlando or Orange County qualifies before you make an offer.

FHA loans typically take 30-45 days to close from application to funding. The timeline can vary based on property appraisal scheduling in Orlando, document completion, and underwriting. We work efficiently to meet your closing deadline.

FHA loan limits in Orange County are $766,550 for single-family homes in high-cost areas (Miami-Dade, Broward, Palm Beach) or $472,030 in standard-cost counties. Contact us to confirm the exact limit for Orlando.

No, FHA loans are available to both first-time and repeat homebuyers in Orlando and throughout Florida. However, you must use the property as your primary residence.

Related Resources

Fha Loans Florida New Home Purchases Mortgage Calculator The Home Finance Guide More Orlando Mortgage Options All Florida Cities