Standard Florida Mortgage

Florida FHA Loans — 3.5% Down, Not 20%

The FHA loan is Florida's workhorse for buyers without a big down payment or perfect credit: 3.5% down with a 580 FICO, seller-paid closing cost options, and county loan limits that cover most of Florida's market.

NMLS #1828502

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Florida FHA basics

3.5% down payment with a 580+ credit score
Down to 500 FICO with 10% down at participating lenders
Seller concessions up to 6% toward your closing costs
Gift funds allowed for the entire down payment
County-by-county loan limits — ask for your county's current limit

Who FHA works for

First-time buyers without 20% saved
Buyers rebuilding credit after past events
Higher debt-to-income scenarios than conventional allows
Anyone who'd rather keep savings liquid than dump them into a down payment

FHA vs conventional at a glance

Lower down payment: 3.5% vs typically 3-5% conventional with MI pricing differences
More forgiving credit thresholds
Mortgage insurance required but can be rolled into scenarios that fit
We run both side by side so you see the real math — no credit pull required to compare

Frequently Asked Questions

What are FHA loan requirements in Florida?

580+ FICO for 3.5% down (500-579 possible with 10% down), steady documentable income, a debt-to-income ratio our underwriters will review, and the home as your primary residence. Florida uses county-level FHA loan limits.

What is the FHA loan limit in Florida?

Limits vary by county and reset each year. High-cost counties like Palm Beach have limits well above the floor. Call us or check the HUD limit table for your county's current figure.

How much is the FHA down payment on a $400,000 home in Florida?

3.5% of $400,000 is $14,000 — versus $80,000 at 20%. Gift funds from family can cover all of it.