Your FHA Loan Experts in Florida, Easy Approval, Low Down Payment!

Get pre-qualified today for an FHA loan with as little as 3.5% down. Whether you're a first-time homebuyer or looking to refinance, we simplify the process for you.

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Flexible Credit

Low Down Payment

Fast Approval

Credit ScoreMinimum 580 (3.5% down) or 500 (10% down)
Loan AmountUp to FHA loan limits (Varies by county)
Down Payment3.5% (580+ credit score) or 10% (500-579 credit score)
Debt-to-Income RatioUp to 56.9% with compensating factors
Mortgage InsuranceUpfront MIP (1.75%) + Annual MIP (varies)
Loan Terms15 or 30 years

*Terms and conditions subject to change. Contact us for the latest FHA loan requirements.

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Why Choose FHA Loans in Florida?

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Key Benefits of FHA Loans in Florida

☑️Low Down Payment – Buy a home with as little as 3.5% down (with a 580+ credit score).
☑️Easier Credit Requirements – Approval is possible with scores as low as 500 (with 10% down).
☑️ Competitive Interest Rates – FHA-backed loans typically offer lower interest rates than conventional loans. See the FHA payment calculator to see what the payments could be. 
☑️Flexible Debt-to-Income Ratios – Get approved with DTI up to 56.9% (with compensating factors).
☑️ Seller & Gift Assistance Allowed – Closing costs can be covered by seller contributions or gift funds from the family.
☑️Refinancing Options Available – Lower your rate or tap into equity with FHA Streamline or Cash-Out Refinance.
☑️Great for First-Time Buyers – Easier approval compared to conventional loans.

Who Can Benefit from an FHA Loan?

  • First-time homebuyers looking for a low down payment option.
  • Borrowers with less-than-perfect credit who may not qualify for conventional loans.
  • Homebuyers who want to use gift funds or seller assistance for down payment/closing costs.
  • Homeowners looking to refinance at a lower rate with minimal paperwork.
Florida backyard and pool FHA loans Florida

No, FHA loans are only available for primary residences. However, you can purchase a multi-unit property (up to 4 units) as long as you live in one of the units.

A 580+ credit score allows you to qualify for a 3.5% down payment.
If your score is 500-579, you will need a 10% down payment.

FHA closing costs typically range from 2.5% to 5% of the home’s purchase price. These costs may include appraisal fees, lender fees, title insurance, and prepaid property taxes. Sellers can contribute up to 6% of closing costs to help reduce out-of-pocket expenses.

Loan limits vary by county. In most areas of Florida, the limit is $498,257 for a single-family home.
Higher-cost counties, such as Miami-Dade and Palm Beach, have higher loan limits. See the FHA loan limits look-up tool. 

The standard debt-to-income (DTI) ratio for FHA loans is 43%, but borrowers may qualify with a DTI of up to 56.9% if they have compensating factors such as a strong credit history or high cash reserves.

FHA loans can be used to purchase:

  • Single-family homes
  • Condos (must be FHA-approved)
  • Multi-family properties (up to 4 units, if the borrower occupies one unit)
  • Manufactured homes (must meet HUD guidelines)
  • Completing a Pre-Approved form
  • Submitting financial documents such as pay stubs, tax returns, and bank statements
  • Getting an FHA-approved appraisal
  • Receiving final loan approval and closing on the home

Yes, FHA loans allow gift funds from family members to be used for the down payment.
Gift funds must be properly documented to show they are not a loan.

Yes, FHA loans offer two refinancing options:

  • FHA Streamline Refinance: A fast, low-document refinance option for those with an existing FHA loan.
  • FHA Cash-Out Refinance: Allows homeowners to borrow against their home equity.

Both options offer low rates and flexible credit requirements.

Top 10 Most Important FHA Loan Terms

Understanding key FHA loan terms can help you navigate the mortgage process with confidence. Here are some of the most important FHA loan terms you should know before getting an FHA loan in Florida. 

1. Federal Housing Administration (FHA): The FHA is a government agency under the U.S. Department of Housing and Urban Development (HUD) that insures FHA loans. FHA does not lend money but provides insurance to approved lenders, making it easier for borrowers to qualify.

2. Mortgage Insurance Premium (MIP): FHA loans require two types of mortgage insurance. MIP is required for the life of the loan unless the borrower refinances into a conventional loan

-Upfront MIP – A one-time fee equal to 1.75% of the loan amount, usually rolled into the mortgage.
-Annual MIP – A recurring charge added to the monthly mortgage payment, ranging from 0.45% to 1.05% of the loan balance.

3. FHA Loan Limits: FHA loan limits determine the maximum amount you can borrow and vary by county. Check your county’s loan limit before applying.

4. Debt-to-Income Ratio (DTI): DTI is the percentage of a borrower’s monthly income that goes toward debt payments. Lenders will evaluate monthly debts, income, and expenses to determine eligibility.

5. Loan Estimate: A document provided by a lender that outlines estimated interest rates, loan terms, and closing costs.

6. Loan-to-Value Ratio (LTV): The ratio of the loan amount to the home’s value. FHA loans allow up to 96.5% LTV for purchases.

7. HUD (U.S. Department of Housing and Urban Development): The federal agency that oversees FHA loan programs and establishes loan guidelines.

8. FHA-Approved Condo: A condominium project that meets FHA eligibility requirements, allowing buyers to finance units within it.

9. Gift Funds: A condominium project that meets FHA eligibility requirements, allowing buyers to finance units within it.

10. Escrow Account: An account managed by the lender to pay property taxes and homeowners insurance on behalf of the borrower.

11.Loan Limits : The maximum FHA loan amount allowed in a particular county, adjusted annually.

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